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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?

#151

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…

I've had the exact same experience with "sell first" on various user applications. Pitch something to people and they're lukewarm. Make the product, in my case first and foremost for myself, and they end up gushing over it in practice.

Always brings me back to Henry Ford:

- "If I'd ask people what they want, they'd have said faster horses."

- "The customer can have their car painted any color, as long as it's black."

And there was of course similar mentality from many contemporary entrepreneurs, probably most famously with Steve Jobs. The rise of design by focus group is likely why things like independent video games have been able to do as phenomenally well as they have. One guy makes Minecraft in his spare time, makes billions. Massive AAA corporation with ostensibly elite business leadership and development personnel produce uninspired shooter/stabber #7,843,235 and barely break even after covering their 9 figure marketing and development budgets. Then they blame mobile, or piracy. I love it!

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

#152

I've done it twice. The first time because I was so young. I'm not even sure "startup" was in our vocabulary in 2006. Oh boy I wish I would've had a founder to help me out. I had no idea how to monetize all the traffic I was getting. I learned to code while building the website, so things were pretty shotty. What could have been... The second time I had to ditch my partner. I found him stealing money, he had no drive…

"Good help is hard to find." is an age-old adage.

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

#153
post #20

Earlier quoted context omitted.

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.

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. Yet if you didn't make sure there was a market first you face the very real prospect that people will go "That's nice, why do I care?"

Your advice is great for a personal project that you don't intend to directly make money with. Still would be excellent on a resumé however.

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

#154
post #20

Earlier quoted context omitted.

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.

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…

You pretend to have a product, and try to sell it -- market it, advertise, etc. If you get people trying to buy it / use it, you know you're going in the right direction.

So yes, basically you bullshit everyone with some mockups and a pretty website, to determine if anyone would even be interested in the thing you want to build.

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

#155
post #116

Earlier quoted context omitted.

Then give us your best ideas.

That's my point. I don't have any "good" ideas because they're meaningless without the ability to execute. I know my limits, and I know that I can't tell if my ideas are good without intimately knowing the intended market. There are certainly things that I suspect there would be a huge market for. That, I suppose, is my "good ideas" list (or, because I'm not an oracle, my "wish list").

An incredible execution with no good idea is also pretty meaningless, so clearly having a good idea must be some sort of force multiplier and thus have value.

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

#156
post #108

Earlier quoted context omitted.

> My company is bootstrapped. It isn't growing fast enough to fit PG's definition of a startup, but it's 5 years old and makes 7 figures. Very impressive. Thanks for sharing! Is this https://interviewcake.com ?

Yep

looks awesome- i'm assuming there's no secret funnel for HN with preferential pricing? :)

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

#157
I've written a bit about this in regards to browserless.io: https://docs.browserless.io/blog/2018/08/01/running-an-indie... if you're curious. But in short:

1. Build something that you're an expert on, and know how to build it. You can't do it all, but knowing how to do most of it goes a long ways. Hire out for the rest.

2. Be intimately aware of what the product should be from the users standpoint. What does it do that no one else's does?

3. Prepare yourself for supporting the business and support issues. You can't "back out" or dodge anything, and you've got to be ready to be in the hot seat alongside your uses. I've been told a "volunteer" type mentality is what this is called.

4. Be emotionally ready for an absolute roller coaster. One day you can be on HN, and that same day you'll lose your #2 account. It, by all means, is an absolute emotional washing machine. Try and distance yourself from the product if you can.

5. If your boot-strapping yourself then your limitation/runway can be time. Time does have a value aspect to it, and if you're an engineer you can grossly underestimate how long something will take to build which it's effectively money lost.

There's so much that goes into it, and every business is so different that it's hard to capture what to do. You really have to _just do it_ because getting started and out is the hardest part. Everything else seems to fall into place after, assuming you don't close it or abandon it.

Good luck!

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

#158

Off topic, but what to do if your cofounder is not doing anything and contributed financially but stopped there? Worse if the service has not taken off yet. Feel really demotivated right now while cofounder seems to have checked out.

options: 1. start over and don't work with the current cofounder. 2. keep going with current product, structure co-founders financial contribution as an investment (use a SAFE or something) and remove the person from day to day operations in the company.

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

#159

900 hours. That's my rule. It takes 900 hours of concentrated effort in brainstorming, building, tweaking, disillusionment, trashing it all, starting over, brainstorming some more, building, tweaking, demoing, networking and THEN selling before you'll even have the faintest idea as whether this can be a viable company. Put in the time and you'll see.

arbitrary number + that's what, a couple months? That's nothing.

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

#160
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.
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