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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?

#161
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.....

Speaking as a sole founder with many friends that go their path alone as well, this is not anywhere close to a requirement. There are people for whom this journey is natural and they are more suited, and others for whom they'd prefer or need to be with someone else.

There's no one-size-fits-all solution for founders. Co-founders come with their own set of issues--whether you're on the same page about the company's goals, whether your skill sets are complementary or not, what kind of long term commitment you both have to the problem space, etc.

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

#162
I am solo founder and developer of Sciter Engine : https://sciter.com

The project got first customers in 2005 so it is afloat 13 years so far. Until 2014 it was a side project. Since then I am working on it full time as a solo founder and developer.

Initial version was pretty simple so I was able to do it after official work hours and at weekends. Thus I didn't need any funding at that time.

The project has definitely over grown single person model now so I am actively looking for partners, cooperation, investors, teams, etc.

So are couple of advices:

1. If you can do it initially as a side project - consider this option first. Could be hard but will minimize negative budget impact and other risks.

2. The project shall reach the stage of minimal viable products in not more than 9 months. For many reasons.

3. You should do it in modular architecture: if first one will not take off you will have ready to use components for the next one.

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

#163
Some advice after spending a couple years navigating from nothing to a team of 10:

0. Pick an area in which you have domain expertise. If you're building something you actually want to use yourself, that's even better. As a solo founder, it's even more important that you have a strong intuition for your users and for your problem space.

1. Make something people want, get people to use it, and talk to them. This comes first, and almost everything else can and should be ignored until you've done this. This is the best way to attract good people. This is also the best way to attract funding. This should be your north star. If you're struggling to find people and/or funding, goto #1.

2. You have advantages, too: as a solo founder, you should be able to move faster than anyone else - even companies with cofounders or entire teams - in the early stages. When you talk to people and they make suggestions, you can and should literally immediately make them, deploy them, and tell them that you did so. This may feel strange once it starts to feel like you're a glorified CS rep, but this is actually the iteration loop that you want to be in. You can do this faster than anyone else because you have zero communication overhead and zero friction between the point at which feedback is received and the point at which improvements are shipped. When you find yourself in this state, bask in it for as long as possible.

3. Give your early people a lot of equity and make sure they feel like they own the company too.

The good thing is that it's been more straightforward than I expected (though certainly not easier than I expected).

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

#164
You mentioned attracting co-founders so just adding one important piece of advice: don't be stingy about equity with your co-founders. Even if you were the one who came up with "the idea," or worked on it alone for a few months.

When your company is actually worth something down the road, you will both be wealthy enough, however, in the early stage, when your company is worth close to zero, one of the highest risks is the founder relationship/compatibility. When all partners have equal ownership, there is a much lower chance of having passive-aggressive power struggles, and grudges.

A toxic, deteriorating co-founder relationship will almost surely kill your company too early, whereas being generous early will be something your co-founders will never forget and it will pay back multifold overall.

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

#165
I'm creating an open source todo list + calendar webapp (https://getartemis.app, source at https://github.com/satvikpendem/artemis) made by just me, and I can tell you how I approached solo development.

I sell first before coding anything.

The video you see on the front page does not exist in code, it is simply a prototype designed with Figma (https://figma.com) and animated with Principle (https://principleformac.com). I created the landing page and video, added a Mailchimp form, and I posted on Twitter, Reddit, and here on Hacker News, the communities in which it made sense. For me, it's a productivity / task management tool, so I would post on reddit.com/r/getdisciplined or reddit.com/r/productivity.

It's all about creating a minimum viable product, as you might well be aware, but what you may not know is that an MVP need not have code. Indeed, it could be a video as I did, and I think for software, a video works best as people can actually see what it looks and feels like, without you necessarily creating the product architecture (full frontend and backend plus devops etc). Now I have over 150 subscribers in only a month due to rapid creation of this type of MVP, and based on this feedback, I changed my designs, and only now I am beginning to really create the heart of the product.

Using non-code MVPs is the best way in my opinion to sell quickly before building.

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

#166

Earlier quoted context omitted.

+1 on indiehackers being a fantastic resource for strategies and motivation once you filter out the multi-person companies. I'd also add in http://levels.io - Pieter Levels is a good steward for the 'maker' movement also https://twitter.com/levelsio

Not sure if they are connected somehow, but a website with a very similar name http://levels.fyi with FAANG salaries information makes you quistion your choices about being an indie developer

It's not realistic that the vast majority of people can expected to be hired, or move to those places, let alone achieve those salary levels. I would be amazed if even 1% of applicants actually got hired. You have 5x greater chance of being accepted at Stanford. There is a tremendous bias on HN, because those people that have, frequent here.

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

#167

I am solo founder and developer of Sciter Engine : https://sciter.com The project got first customers in 2005 so it is afloat 13 years so far. Until 2014 it was a side project. Since then I am working on it full time as a solo founder and developer. Initial version was pretty simple so I was able to do it after official work hours and at weekends. Thus I didn't need any funding at that time. The project has definitel…

Did you build first then sell? Can you elaborate on minimal product in not more than 9 months?

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

#168

Earlier quoted context omitted.

Can I ask an honest question respectfully? I don’t have a company or a startup. But I’ve always wanted to start one. So I’m always curious when I see a response like yours. How do you sell first? There isn’t a product to show. How do you find Customers? Is it the philosophy that the customer doesn’t know better and you have to tell them what they need, all the while understanding what your capabilities are. Like unde…

I'm creating an open source todo list + calendar webapp ( https://getartemis.app , source at https://github.com/satvikpendem/artemis ) made by just me, and I can tell you how I approached the problem. The video you see on the front page does not exist in code, it is simply a prototype designed with Figma ( https://figma.com ) and animated with Principle ( https://principleformac.com ). I created the landing page and…

Really good advice about non-code MVP. It reminded me of this seminal post: https://blog.bufferapp.com/idea-to-paying-customers-in-7-wee.... The heart of the idea is that an MVP isn't really a Product; it's something to validate against.

How specificlaly did you go about promoting your landing page? Just 'hey check this out posts', or did you focus on comments/answers to questions? And how much time do you have invested in this so far?

If you get some free time, you might want to also post this on indiehackers.com. Could help a lot of people out there.

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

#169

Earlier quoted context omitted.

I'm creating an open source todo list + calendar webapp ( https://getartemis.app , source at https://github.com/satvikpendem/artemis ) made by just me, and I can tell you how I approached the problem. The video you see on the front page does not exist in code, it is simply a prototype designed with Figma ( https://figma.com ) and animated with Principle ( https://principleformac.com ). I created the landing page and…

Really good advice about non-code MVP. It reminded me of this seminal post: https://blog.bufferapp.com/idea-to-paying-customers-in-7-wee... . The heart of the idea is that an MVP isn't really a Product; it's something to validate against. How specificlaly did you go about promoting your landing page? Just 'hey check this out posts', or did you focus on comments/answers to questions? And how much time do you have inve…

I'm a somewhat frequent contributor on IndieHackers actually. To promote the page, I basically posted it everywhere I could (without getting banned) and started asking my friends to critique the site. When applicable, I would also answer questions on fora as I am now. In terms of time, I'm not really sure, it's an on and off commitment as I also have a job.

Anything other questions or anything you're working on as well?

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

#170

You don't have to have superpowers. You just have to have some product sense, some engineering chops, and the ability to take 6 months off (not everyone can afford this, and that sucks) to build the thing and see if you can get people to look at it and buy it. You'll learn all the other stuff along the way (taxes, marketing, and eventually: hiring). Just give it a shot. If you run out of savings and have to go back t…

May I ask, how old were you when you attempted this and at what stage of your personal/professional life? I like the idea of taking 6 months off, but for persons in their 40s or later, it might be a serious risk, especially when mortgages run.
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