Pre-Seed Funding: Why SaaS is the Best Business Model | Nanle Joel posted on the topic | LinkedIn

A developer on my team recently came to me looking for pre-seed funding in four products he’d built, and I gave him something better. They were event platforms, marketplaces, and security apps. Functional MVPs with clean UIs. But I noticed they were all network effect-driven ideas. I looked at them and told him, “Don’t build another one of these.” Not because the ideas were bad. But because they all had the same problem. They needed mass adoption to work. And that’s exactly why SaaS is my favor…