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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?

#171
It seemed that Hell had a better chance at freezing over before I could cold-network a viable relationship with a prospective technical co-founder worth his/her salt, so rather than give up I chose to work towards my goal as best I could on my own. Many years have past since. It's been a humbling, very long journey.

I would love to personally connect with technical solo founders who can relate.

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

#172
post #171

It seemed that Hell had a better chance at freezing over before I could cold-network a viable relationship with a prospective technical co-founder worth his/her salt, so rather than give up I chose to work towards my goal as best I could on my own. Many years have past since. It's been a humbling, very long journey. I would love to personally connect with technical solo founders who can relate.

I had a similar situation, I had a partner at the beginning but since that failed dramatically I had to dive into the deep end on my own. Running a business is just as much work (or more work in some ways) as building the tech for the business.

I did Startup School this past fall, and it was very helpful to get in contact with other people in startup mode. And I just got an email the other day notifying me that Tiny Seed (https://tinyseed.com/) is opening up for applications in 10 days.

The premise I liked about Tiny Seed is similar to how YC does things, group the businesses together. I think it may at least be another avenue for connecting with other startup founders.

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

#173
Hello NNS.

Some questions first:

1. What do you mean by strong idea? Why is it strong? I am not knocking you on this. I myself do not share the disdain for ideas when compared to execution. We know it's down to the execution, but give me a great idea any day of the week.

2. What is your domain experience in regards to the idea? Are they in the same domain?

If I can answer the second part of your question first: "...attracting co-founders and talent to work with you." Before I go into the main body of my reply, if by co-founders you mean a programmer, then my advice is don't go down the path of something like:

"I have done the hard part, you push your paying jobs aside, sort out the code and prepare yourself for the type of riches only those standing on checkered floors are accustomed to. 5% of the business sound about right?"

You may not even need a programmer off-the-bat anyway. The tech isn't the solution. The tech is a scalable efficient conduit for the solution. Customers couldn't care less if their woes were alleviated and goals were attained via tech or a rubber band.

Anyway, how to attract:

You know the cliche sales question "Sell me this pen?". How can you sell the pen to someone who doesn't give a stationary? You can't, and you don't, because you don't know what need they have for the pen, what it brings into their life, etc, etc, the value of the pen to them. Same thing with attracting co-founders. If you attempt to attract them straight away, with nothing tangible to show, then you have one main option:

1. You need to find out what they think, what they feel, where they are coming from, where they currently are, where they might be heading to; in regards to your strong idea. If there is resonance, if they are on a path that suggests the journey could be shared, for they for a period of time are heading in similar directions, then there is a chance. However this chance is small unless you can show various qualities they are looking for. Honestly I don't even know the qualities really, maybe a few at best: hunger, tenacity, vision, self-belief (a stop before it goes into self-delusion), point to prove (to themselves), etc. I just summarise it by saying, they want to see if this person is just a talker or a doer. Have you got it within you to stay the course? Are you going to jump ship at the first sight of an iceberg or are you going to stand your ground and pull out your violin as the iceberg approaches?

Some people look for passion. I don't. If that works for them, fair play, who am I to say otherwise? However for me, passion? Nah. I leave passion for the Don Juan's, the Cassanovas and the Lotharios, for I have seen the passion in the divorced couples, in the broken hearts, and the jilted lovers. You'll need to find what fuels you, and make sure you to show it to others, not just in words but with deeds as well. None of this rubbish fake it till you make it, then the following week you're sat there with Impostor Syndrome. You be by doing, and do by being.

Anyway, as you work on your idea, moving it away from just in your head into something others can evaluate, you will increase your chances of attracting co-founders et al. I personally wouldn't bother with attracting anyone. Just get your head down and work on your self, and thus your idea. As this process occurs and you obtain targeted feedback, and let relevant entities know of it, you will start to attract people. But it needs to be targeted feedback. Just as you don't ask your mum as described in The Mom Test, because you she loves everything you do; you don't ask your dad either cos it's just not good enough, it won't work, etc, etc. No point asking anybody too close to you, bar a select few who don't let feelings come in the way. No point asking anybody other than assumed target audience, and even then pinch of salt, and a mixture of early adopters, laggards, etc, etc.

As for the first part of your question go about "founding your startup". I think you need to be wary of Survivorship Bias, Confirmation Bias, etc. Stay away from the "I went to bed, woke up, boom, overnight success-ed it" brigade. I have my own biases. I am filtering reality to verify my perception and my place within it. I read some of the other comments, informative and insightful. Sell or build first depends on many factors: to who, what, where, when, how, etc. I looked into this for quite a while, too long to say Lean with a straight face really, and I kept coming back to my own bias, am I deluded, am I lying to myself and do I not even know it, how little do I know, etc, etc.

Based on that, and the riskiest assumption out of the lot being do I really know, I have to say that you start by looking at the problem. My primary domain experience is in marketing, and the first thing I always do is audit the whole shebang. You have to find out where you do really stand, what do you really know, who else is standing in this space, what are they saying, etc, etc, in order to then plot a course to where you want to be.

Forget solution, tech, marketing, forget customer discovery as well. The first thing you need to do is be equipped with knowledge to not only stand on slightly firmer ground, but also when customer discovery does take place, which it needs to very early on, is be able to sort the wheat from the chaff, otherwise you are not really in a position to ascertain the value and the validity of the information obtained. You see it quite a bit in customer discovery classes, people getting out of the building with no reason nor rhyme as to who they actually interview. They interview every Tom, Dick and Sally, with no regards to if their opinion is even relevant, let alone valuable. Now there is a danger here in that, you don't want to be biased in that you seek to verify your research, but then it comes down to if you want to 'prove' you are right, or if you want the truth.

In the customer discovery you seek to not only ascertain if the problem is validated, but which target audience seems the most viable to go with first. I prefer not to go in hard on one segment, unless I have a strong thought/feeling that this is the segment afflicted with the problem. It depends really, on how much knowledge and insight you have, there are no real set in stone rules, just don't tick boxes for the sake of it, nor ignore a box solely on the basis of your own 'knowledge'.

When it comes to actual problem evaluation, look at root causes, factors, pain points, scenarios, etc, as well as noting the language used for usage down the line in various things. Use qual and quant methods as well as probing from multiple angles, looking for consistency and coherence (or inconsistency and contradictory), when it comes to problem severity, frequency, emotional response, etc.

After customer discovery, I'd say take a quick look at the market landscape, not too heavy, for you can end up being influenced by what others are doing, and who knows, your approach, your idea, etc, may well go far beyond what others are doing. Stay in contact with those you interview, certainly the ones who display certain early adopter traits, but you also need some laggards, and some that resonate with the vision (the end goal), for problem is just a roadblock from A to B.

I'll skip some of the other things I would mention here, message is too long. So:

Ascertaining market demand: all for it, but not some lame landing page 3 lines and a sign-up box, that shows a lack of insight, lack of understanding, lack of resonance, et al.

Building MVP: minimum is not in a bubble, look at the market, the competition, the audience expectations, minimum is fluid and ever increasing in some areas. You are below minimum if you can't hold your own against the competition on one front at least.

As you can tell from the other replies to your question, there are no absolute truths, so whatever your journey is, I wish you luck.

Cheers, Ace.

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

#174

If you know how to program, don't force the cofounder thing. It's really easy to end up bringing on shitty cofounders. Look at Facebook and SnapChat. In my experience it's typical to end up bringing on an Eduardo, a Winklevoss twin, or a Reggie Brown, then you have to get rid of them because they suck and literally aren't capable of contributing anything.

Eduardo was cool, dude. I saw it in a movie! :D

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

#175

Earlier quoted context omitted.

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 we…

I'd like to know more about the "not getting banned" part. Reddit communities are notorious for not wanting to be sold to. what's your approach? how do you articulate the post? maybe you could share a link to an actual post as an example?

thanks for the insight!

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

#176
post #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.

I'm 36 and attempting this right now, with a wife, kid and mortgage. It's a bit terrifying, I am about to start picking up some contracting work. Been 'unemployed' for almost 4 months now.

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

#177

Earlier quoted context omitted.

Selling/customer development is a skill you can learn—and absolutely must learn if you want to hack it as a single founder. The real trap is staying in your comfort zone.

Definetly not something you have to learn. If you build something customers really want then the product will probably sell itself, and no selling or marketing will be needed.

Real life disagrees with you.

Not saying that this never happens, but it is extremely rare and closer to gambling than to running a company.

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

#178
post #153

Earlier quoted context omitted.

I hate this advice so much. I've been burned as a developer so many times by people selling products that don't exist and then expecting the dev team to just make them happen by some arbitrary deadline. It's a garbage experience for pretty much everyone. But I'm not going to argue against it right now. It's too deeply ingrained as startup wisdom to fight it. So instead, I'll offer this compromise: if you're going to…

I'm a professional software engineer too and know what you mean. It sounds like you're thinking like an engineer. That's great for building things, not selling them. You can have the best infrastructure, best pipelines, devops, security, frameworks, styleguides, libraries, etc. etc. Sadly none of that means you're building something anybody wants. You can spend years building something undoubtedly technically amazing…

I agree with you. Thinking about setting up a DevOps pipeline before you have anything to send through it (and even before knowing if you'll ever have anything to send through it) has a name in lean management: it's called waste™️. There's so many other things to do instead that could bring immediate value

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

#179
Two years into my first solo startup here. Lots of good advice here already, but the things that worked best for me:

* Build what you're interested in, and use the product yourself. If you're not personally using the product, the loneliness of a solo op can quickly translate into "why am I doing this at all?"

* Don't be afraid to admit what you don't know, AND don't be afraid to spend extra hiring professionals (or freelancers) to do those things. Consultants work the best, in my experience: hire them to build out some kind of framework that lets you do what you need to do without them, and then bring them back as needed to do more advanced things you can't do.

* Automate everything you can. People say startups should do things that don't scale, and that works when you've got the resources to throw at things. However, if it's just you then time is often your most valuable resource (moreso than money, in many cases): automate everything you can that takes up more than 30-60 minutes of your day so you can focus on more important things. This also ties into point 2: automate out the drone work so you also stay interested in what you're working in and don't succumb to a brick wall of "why am I even doing this?".

* As a solo founder, you need to be self-driven and self-accountable. You need to keep working and Get Shit Done even when nobody is asking you whether something's done or not. Don't be afraid to take breaks or time off when you need to recharge, but don't fall into a habit of "nobody's asking for this; I'll get to it later".

* Lastly, it can be tempting to vastly expand your work hours (especially if you're feeling pressured to get something done or feeling overwhelmed), probably more so than if you had a cofounder even (IMO it's a lot easier to suffer through long hours yourself than to command someone else do so also). There's nothing wrong with a 60 hour workweek, but you also should never feel like it's necessary. Sometimes I cut myself off at 8 hours in a day even if I'm on a roll and feeling motivated; that motivation often builds up and translates into another strong day tomorrow. You might also get a ton done in a single day by working into the night, but it's easy to translate that into sleeping in tomorrow because you got so much done and having a much slower day in general. Find what works best for you, and don't let yourself get burned out.

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

#180
I am the sole founder and developer of Meta Meme (https://metameme.app). I built it for a couple of years as a side project, and recently went full time on it. It's been growing slowly over the past couple years but really started picking up last summer. I'm not going to lie, it's been really difficult. There were a lot of times when I'd just be so exhausted or worn down but kept working on it. And I thought everything would be better once I went full time, but it's also had its own unique set of challenges. Still, I am excited and grateful to be doing it and pressing on. It takes a lot of time and dedication.

A VC recently told me that most startups don't fail, it's just that the founder quits working on it. The deeper I get into my business, the more i see how that can be true.

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