Maker movement is doing to startups what startups did to corporations.

Here is why 👇

Startups fixed the problem of innovation, that corporations lack.

In big, slow corporations, innovation is a RISK and distraction from the core $$$ profitable business.

Agile startups could launch, iterate fast and eventually stumble upon new growing market opportunities.
However,

When a startup reaches product-market-fit, it has to 🚀 "grow at all costs" and reach market dominance before some giant corporation can replicate their new product and distribute it to their existing giant customer base.
Startup's "growth at all costs" often means growth at the expense of charging customers $$$ money.

Hence, to be sustainable, startups have to constantly chase investor money.

Startup teams spend more time finding and pleasing investors, than finding and pleasing customers.
95% of startups die because they run out of (investor) money + no business model + crazy investor expectations.

Same way corporations die, when unable to adjust to new technology and market shifts.
Maker movement is fixing the problem of financial sustainability, that most startups have.

For startups, growth is everything, and early monetization or lack of capital is a RISK that can slow down their growth.
Makers are more pragmatic and tend to solve real problems to which customers are ready to pay right away.

If customer is unwilling to pay in advance, they move onto the next idea. Often the next month or week.
Maker movement perfectly fits in @claychristensen’s “Innovator’s Dilemma”:

Startups chase markets that would justify team effort + investor’s money.

This creates an opportunity for Makers to go after even smaller markets, start making money right away, self-sustain and expand.
So what’s next?

The next major breakthrough for Maker movement would be an ability to collaborate and evolve into larger organizations.

But not into a “startups” as we know them…
Maker organizations will have their own distinct culture, structure, values and reward mechanisms. An alternative to what ESOP & equity offered traditional startups
These collaboration and reward mechanisms should have some simple reward and incentive mechanisms that would align interests of all participants yet maintain their independence and freedom.

More from Makers

Making a thread of makers & entrepreneurs who inspired me, and what they taught me.
#thread
👇

Strong marketing game, super hard work, can stream for 24 hours and currently leading a new streamer movement with the #24hrstartup challenge.
Make it bigger than yourself.
👉 @thepatwalls

Made the awesome
https://t.co/lBYn9nP3KJ which works perfectly and saved me hours and hours.
Make a simple, helpful product.
👉 @gvrizzo

Making the stylish @threader_app looking for maximum integration with Twitter (it might even become part of Twitter one day...)
Raise the bar for quality, look for seamless integrations.
👉 @marie_dm_ + @yesnoornext

Successfully monetized a tiny social network @wip without screwing his users, focusing on the maker community.
A small engaged community is enough.
👉 @marckohlbrugge
And here they are...

THE WINNERS OF THE 24 HOUR STARTUP CHALLENGE

Remember, this money is just fun. If you launched a product (or even attempted a launch) - you did something worth MUCH more than $1,000.

#24hrstartup

The winners 👇

#10

Lattes For Change - Skip a latte and save a life.

https://t.co/M75RAirZzs

@frantzfries built a platform where you can see how skipping your morning latte could do for the world.

A great product for a great cause.

Congrats Chris on winning $250!


#9

Instaland - Create amazing landing pages for your followers.

https://t.co/5KkveJTAsy

A team project! @bpmct and @BaileyPumfleet built a tool for social media influencers to create simple "swipe up" landing pages for followers.

Really impressive for 24 hours. Congrats!


#8

SayHenlo - Chat without distractions

https://t.co/og0B7gmkW6

Built by @DaltonEdwards, it's a platform for combatting conversation overload. This product was also coded exclusively from an iPad 😲

Dalton is a beast. I'm so excited he placed in the top 10.


#7

CoderStory - Learn to code from developers across the globe!

https://t.co/86Ay6nF4AY

Built by @jesswallaceuk, the project is focused on highlighting the experience of developers and people learning to code.

I wish this existed when I learned to code! Congrats on $250!!
What are some things you should *NOT* do as an indie hacker?

I was recently on @ProductHunt Radio (
https://t.co/IuSMrZTaYG) where @Abadesi asked me this question about all sorts of challenges that founders face.

Here are a few of my thoughts…

@Abadesi Don't blindly follow advice without considering the context in which the advice was given (from who, to who, when, for what) and adapting it to fit your personal situation.

E.g. advice that works for a high-growth VC-funded startup might be disastrous to your indie business.

@Abadesi (This applies to any and all advice in life, btw, not just advice for how to start and run a company. It's almost never a good time to turn off your brain and blindly follow what others are saying.)

@Abadesi Don't equate being a founder with being an inventor. It's an analogy that can easily go too far.

You'll end up overvaluing and over-protecting your pet ideas. Or worse, you'll never come up with an idea at all, because you'll assume that it needs to be something completely new.
#24hrstartup recap and analysis

What a weekend celebrating makers looks like.

A thread

👇Read on

Let's start with a crazy view of what @ProductHunt looked like on Sunday

Download image and upload

A top 7 with:
https://t.co/6gBjO6jXtB @Booligoosh
https://t.co/fwfKbQha57 @stephsmithio
https://t.co/LsSRNV9Jrf @anthilemoon
https://t.co/Fts7T8Un5M @J_Tabansi
Spotify Ctrl @shahroozme
https://t.co/37EoJAXEeG @kossnocorp
https://t.co/fMawYGlnro

If you want some top picks, see @deadcoder0904's thread,

We were going to have a go at doing this, but he nailed it.

It also comes with voting links 🖐so go do your


Over the following days the 24hr startup crew had more than their fair share of launches

Lots of variety: web, bots, extensions and even native apps

eg. @jordibruin with

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The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.


In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.

In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.

This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.

In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
First update to https://t.co/lDdqjtKTZL since the challenge ended – Medium links!! Go add your Medium profile now 👀📝 (thanks @diannamallen for the suggestion 😁)


Just added Telegram links to
https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)


Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! 🥳 Check it out -> https://t.co/fVkEL4fu0L


Accounts page is now also responsive!! 📱✨


💪 I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! 🤘🤠🤘