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[parent] [thread] 3 comments
1. jitix+(OP)[view] [source] 2017-08-02 18:48:57
Awesome idea! And a noble cause. But one word of advice - since this is a niche market you guys should focus on natural growth and profitability instead of getting too much VC money to fuel explosive growth.
replies(1): >>advent+51
2. advent+51[view] [source] 2017-08-02 18:56:06
>>jitix+(OP)
I don't understand how 30% of Americans is a niche market? Can you elaborate some more?
replies(2): >>wutbro+r7 >>jitix+18
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3. wutbro+r7[view] [source] [discussion] 2017-08-02 19:41:59
>>advent+51
Because this 30% can't hire themselves, and they need companies to participate. This is a two-sided market, and "Companies willing to go out of their way to hire more felons" _is_ something of a niche market (unfortunately, given that the status quo is probably significant underhiring of people with records, to everyone's detriment).
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4. jitix+18[view] [source] [discussion] 2017-08-02 19:47:27
>>advent+51
Its niche because the idea can be easily replicated by the incumbents in the industry. And it will be hard to scale at a global scale because the perception about ex-cons varies a lot in different countries.

As such the profits wont be able to keep up with VCs expectations if they invest 100s of millions of dollars. OP has a great first mover advantage and knowledge of the market, and they can capitalize that but the idea isn't worth billions.

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