A Second Internet Bubble?
mporat.tumblr.com
mporat.tumblr.com
If VCs pour tons of money into startups that fail (one form of "exit"), the bubble will burst. VCs don't like losing money, and if they see their money going down the drain, they will pull out. We might not see a complete withdrawl that causes an Internet collapse like in 2000, but at the very least VCs will demand short term profitability realization, and that will put the kibosh on a great number of MVPs and "like X but with Y" ideas.
Speculative, yes, but speculation is what the market is all about.
Well since it's so obvious, it should be trivial to give data to back your arbitrary-sounding claim. Unless of course, this really is an arbitrary and unfounded claim.
I'm not sure that word means what you think it does. The whole point of customer development as I interpret it is to GTFO of the building, find customers, build relationships with them, and start making money ASAP.
Maybe the OP has had experience with individuals just getting to customer engagement and then sitting on their thumbs? In that case I can understand the frustration but it seems less customer development focused and more "why don't people want to make money" focused.
My experience, which led to this post, is that when asking people about their go-to market strategy, how they will scale, answer is customer development. Which is still fine BTW - except in the one (too common recently) case where this focus stops them from figuring out how to build a business out of that customer base. How to scale financially. That's my issue. That's when trouble sets in.
Getting in front of (selling to) 1, 10 or even 100 customers, collect feedback, implement feedback is easy. Getting in front of (selling to) 1000, 10,000, 100,000 is hard if your business model does not scale.
"Customer Development" is more "will they buy it"
"bus dev" is more "how to best penetrate the market efficiently"
"Bus Dev" will force you to change your product in ways you may never imagined, and these changes will not be realized from customer feedback. Customers do not care if you have an efficient b model.
Make sure you are not solving the wrong problem see http://www.azarask.in/blog/post/the-wrong-problem/
While going through the customer feedback process I realized are b model sucked (it always bothered me). The article above inspired to me solve the right problem which has caused us to make a significant change to our offering.