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Ask HN: I just thought of a startup, got funding and now I am stuck...

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31–40 of 60 posts

Re: Ask HN: I just thought of a startup, got funding and now I am stuck...

#31
post #10

1. You can outsource the prototype but if you're going to get funding, you should hire in-house moving forward aka local. 1a. Ask people you know for referrals of coders they trust. Hit up local networking events. Try to find people through yourself and others you know and trust before branching out to regular hiring ways. 2. Get a corporate attorney to help set up your company and the appropriate paperwork so whoeve…

Thank you, meaningful and helpful advice. +1 for you

Re: Ask HN: I just thought of a startup, got funding and now I am stuck...

#33
post #9
post #4

Earlier quoted context omitted.

So where does one go to find a really really good product builder. And no, oDesk, elance, getafreelancer are not where I want to take this. Preference would be to get a 90-120 day plan, build it with some local USA developers and get this moving fast. Is there a paddock of "Internet Guns for hire" that work on this and are proven?

Go on Github. Search for programmers in your area/using your technology. Check out their projects and send them introduction emails. You could also look through Craigslist. Definitely get them on the phone. Anyone that doesn't want to meet or talk to you isn't worth your time.

Thank you, I am located in California - now comes the part of the searching process and calling friends who are in Silicon Valley and ask for referrals

Re: Ask HN: I just thought of a startup, got funding and now I am stuck...

#37
post #30
post #17

> ultra conservative revenue projections HA HA HA based on what? It's an idea.

So I have done some calling to people who would use the product and asked a simple question. If I could solve X for you, what would you be willing to pay for it? And then asked how many of X can you use per month. Worked backwards from there.

And looked at the pricing models for the API services that I would be using for the Beta code from Twillio, to Braintree + a modicum of understanding how I "think" the application will get used.

Re: Ask HN: I just thought of a startup, got funding and now I am stuck...

#38
post #17

> ultra conservative revenue projections HA HA HA based on what? It's an idea.

Don't knock the power of ideas.

I have this awesome idea for a teleportation ray that will instantly transport me from one city to another. I even have a 15 page powerpoint presentation and I have 4 of my country club buddies who committed to putting up some cash after I got enough long island iced teas in them.

Now all I need is someone to build it for me.

Re: Ask HN: I just thought of a startup, got funding and now I am stuck...

#39
post #27

You're very different from most "idea guys" as you've done something others haven't: you've proven you can raise funding. Take the funding. Now, be ready to do something difficult: if you want somebody to stick around, you'll need to make them an owner. You've done one part, raise the money, but now you need somebody who can implement this. As such, be willing to offer them over 50% of your equity (what they're doing…

Thank you for your reply. I agree money is currently the easy part, the biggest issue is execution. The ideal is fools gold if I can't transform it from a pitch deck into a reality.

You gave me some really great ideas here about reaching out to other engineers that I have worked with and some siblings of friends with CS degrees and startup mentalities.

Cost structure is really low right now - I already have a succesfull Internet marketing business that is doing 500,000 per year with 2 USA full timers and 11 full time off shore resources.

This team took a long time to build over 3 years now with trips to India to work out some of the bugs. Right now, I just don't have the time for missteps or mistakes.

The problem that is being solved is "somewhat" technical, some social integration, some dollar tracking, some analytics tracking, fraud detection, recurring payments etc. But I am not trying to re-invent the world.

Basically I KNOW of the companies that do everything that I need, I just need to glue it all together and add some special sauce.

Re: Ask HN: I just thought of a startup, got funding and now I am stuck...

#40
post #29
post #18

Earlier quoted context omitted.

I think HN is being trolled. There is the possibility that this is a real post, given how insane and bubbleicious the whole mobile/social space has gotten, but I highly doubt it. The account is 3 days old.

Agree the account is new - this is what happens when you go from /. to digg to reddit and then have your brother point you to HN over the years. I assure you there is nothing trolling here, I have been a successful entrepreneur who sold two businesses for over 1.2 million in the past 5 years. One of these was an ISP / web hosting provider and the other an IT support company for SMB's running windows. A long time memb…

If anything, this post further reinforces the notion of trolling. If this was true, then your original post makes even less sense.
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