David Rosenthal: belief

Transcript context

…Again, this starts so counter to the lean startup methodology. There was no job to be done when they started this. They get lucky in finding their way to the stenographers and the court reporters as a market. They initially go out to sell this thing and people are like, whoa, why would I pay so much money for that thing? No one has any money. It's a little bit of an accident of history that they actually found a use case for it. Totally. I believe the first product cost ¥160,000 per recorder. You basically got to be selling to the government at that point in time. Right. I don't know how to think about that in terms of dollars then or dollars now, but it's thousands and thousands of dollars.…

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