3min chapter

My First Million cover image

University of Michigan Students Pitch Us Their Startups For $5000 Prize Money

My First Million

CHAPTER

Is This Really a Social App?

I wouldn't personally invest in this because I don't think it can be that big. You would have to basically take a Facebook path where you would say, we're going to go get every college or going to dominate that college. So my problem is not with Dolan, the entrepreneur. My problem is with this market. Even if you are a 10 out of 10 entrepreneur, this is just like social apps. It's so challenging to make this work. Yeah, it's just so hard because you got it. You're competing with Craigslist. Now you're going to be competing with other incumbents that have raised hundreds of millions of dollars that are, I think, mostly failing.

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