Too much seed money could kill HubDub -and the other prediction market startups.

QUESTION: Why did Monitor 110 fail?

ANSWER: Too much money.

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The lack of a single, &#8220-the buck stops here&#8221- leader until too late in the game-
No separation between the technology organization and the product organization-
Too much PR, too early-
Too much money-
Not close enough to the customer-
Slow to adapt to market reality-
Disagreement on strategy both within the Company and with the Board.

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Personally, my view is that the concept should be excellent.

Being first on a market helps.

Hiring visionaries and leaders helps.

Picking up and developing the right technology helps.

But the key is the concept.

Nigel Eccles got the concept right.

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HubDub CEO Nigel Eccles teaches you startup lessons.

Video

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Challenge #1: Get that &#8220-Bambi Francisco&#8221- to pronounce your last name correctly.

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Previous blog posts by Chris F. Masse:

The FaceBook profiles of the 2 most important men of the field of prediction markets
THE HUMAN GADFLY WHOSE OBJECTIONS ROBIN HANSON IS DUCKING…???…
Google now considers Midas Oracle as a major blog.
Horizon 2015: A long-term strategic perspective for the real-money prediction markets
Join our group at LinkedIn to have your “Prediction Markets” badge on your profile. It’s ‘chic’. (“Groups” info should be set as “visible”, in your profile options.) We are 63 this early Saturday morning —keeps growing.
If you have been using PayPal to fund your InTrade, TradeSports or BetFair account, please, check that horror story.
48 hours after the launch of the “Prediction Markets” group at LinkedIn, we have already 52 members —both prediction market luminaries and simple people (trading the event derivatives or collecting the market-generated probabilities).

Posted on May 4, 2008 by admin

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Taking his propos and applying them to Adam Siegel and Nate Kontny, you&#8217-d get that:

The key is Adam Siegel and Nate Kontny&#8217-s determination. They refuse to fail.
The key for Nate Kontny was to find out a good co-founder &#8212-that was Adam Siegel.
[M]arket is the biggest determinant in the outcome of successful startups. […] Smart people [like Adam Siegel and Nate Kontny] will find big markets.

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Same things could be said of David Perry and Ken Kittlitz, or Emile Servan-Schreiber and Maurice Balick.

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