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Ask HN: How to found a company as a single founder?

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Re: Ask HN: How to found a company as a single founder?

#11
post #9

First, don't. Actually, its good you ask about attracting co-founders and talent, that's a critical part of success. You're going to want a strong, like-minded cofounder and strong team to help you succeed. The journey is more fun and will likely be more successful with he right team...So, how? Network.....

> First, don't.

No one got anywhere by doing nothing. I would think its better to try and fail.

Re: Ask HN: How to found a company as a single founder?

#13
Your three superpowers as a solo founder need to be:

1) Deep expertise and network with potential customers

2) Ability to empathize and connect with your customers and sell the thing

3) Ability to build some sort of MVP

The deep expertise and empathy will allow you to hone in on the problem you know your customers will face, and so you can narrow down the "paradox of choice" of different features/products you can build. It'll give you a much better starting point for experimentation and iteration. Start small. Talk to these folks. Get people to validate your idea. If you don't have an existing network where you can talk to 30-50 customers (100 is better!), this will be a problem.

The empathy and salespersonship will allow you to get folks to give you feedback and/or pre-sell the thing. Maybe do consulting for them to earn revenue and testimonials. If you can't sell this, you're going to have a hard time.

Finally, you need to be able to build something that delivers value to your customers. You don't have to be the world's greatest programmer (actually, if you were that might hurt you more than it helps!) but you do need some programming chops. Maybe it's automation around an existing process (a chatbot that does something small). Or even a spreadsheet. Maybe it's a full-blown MVP. Either way, you don't have the revenue to pay a developer, and sharing context with someone that you can afford is likely very very difficult.

If you don't have these things, this will be really, really tough. If you do, it will still be very tough, but you have a much better chance of being successful.

Find a network of solopreneurs - either something local to you (where you can meet up periodically) or an online group. This will be invaluable as you run into challenges they solved, and then you can pay it forward for the people that will walk your path later. And, having a place to vent with empathetic folk will help keep you sane.

If you need any help, I'm happy to share my experiences solo-bootstrapping my company to 20+ people. Just email me matt [dot] rogish [at] gmail

Good luck!

Re: Ask HN: How to found a company as a single founder?

#15
post #9

First, don't. Actually, its good you ask about attracting co-founders and talent, that's a critical part of success. You're going to want a strong, like-minded cofounder and strong team to help you succeed. The journey is more fun and will likely be more successful with he right team...So, how? Network.....

Of course what you're describing is the ideal, but I think the odds of finding a good co-founder (particularly via "networking") is vanishingly small. In fact I bet that the odds of finding a good co-founder is smaller than the odds of successfully starting a business as a solo founder.

So I'd say yes, do it, but simultaneously be on the lookout for a potential co-founder. If one arises, great. If not, don't let it be an excuse not to follow you dream.

Re: Ask HN: How to found a company as a single founder?

#16
post #2

Serial single founder here. Start building and start selling. If you can’t deliver a product to a paying customer solo then you’re not cut out to be a sole founder.

Solo founder here. Same advice with the caveat that 98% of people should never be solo founders - you must be able to code and sell - but even if you can you should still get a partner if they double your speed.

Re: Ask HN: How to found a company as a single founder?

#17
post #2

Serial single founder here. Start building and start selling. If you can’t deliver a product to a paying customer solo then you’re not cut out to be a sole founder.

That's easy to say. I can deliver the product, but I'm worried about sales taxes, VAT, compliance with laws, administration, support, etc.

Re: Ask HN: How to found a company as a single founder?

#18
post #4

starting building on the idea yourself so you have more to talk about / show. co-founders are usually people you already know. so talk to them and start persuading or start meeting more people. employees are attracted to salaries, offer it (get funding if needed). if you have no idea what's involved in working on a startup, maybe watch the startup school videos.

> employees are attracted to salaries, offer it (get funding if needed).

Who would have thought... :-)

Re: Ask HN: How to found a company as a single founder?

#19
It's still too early to declare my new project a success but compared to several failures, it seems like I've finally cracked the code.

There are a number of things I am doing differently this time, but the most significant seems to be that I am now using a coach. This would have made me laugh earlier but it's been great value to me. As a single founder, it can be very hard to stick to commitments and keep a clear vision. So I take calls with my coach every two or three weeks to discuss priorities and goals for next time. She will then ping me regularly and keep me committed -- and call me on my bullshit if I try to weasel out of something.

It feels like some sort of life-cheat-code. I say something that I want to happen on the phone, and then it happens! It doesn't just apply to my business, for instance I've finally managed to meditate consistently because of her. I wish I had discovered this years ago! :-)

Re: Ask HN: How to found a company as a single founder?

#20
post #2

Serial single founder here. Start building and start selling. If you can’t deliver a product to a paying customer solo then you’re not cut out to be a sole founder.

I agree with this except switch the order. First, start selling. Then start building.

It is so easy to waste so much time building something nobody wants, and you won't know until it's too late if you try to sell it afterward.

Selling first will inform your decisions on what to build.

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