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Ask YC: Do I have a chance?

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Re: Ask YC: Do I have a chance?

#11
Yes, you have a chance, of either invetment or (even better) market success.

A prototype might be enough to approach early-stage investors, mostly angels, and a live beta definitely is -- if either helps confirm a market exists, by demonstrating a compelling experience that attracts real use or a craving from a valuable market.

I think you're on the right track: build, build, build first. (Take up some programming yourself to help.) Use that experience to understand the interesting parts of the problem and test the concept either with representative customers or (best of all) real via-the-web users.

If you achieve accelerating adoption with users, or even hints of revenue. you have a good story to approach investors -- who exist everywhere, not just SV.

(Experienced folks can defer building a bit, because they can raise money based strictly on their proven abilities plus the intended market. But for young first-timers, proving-by-doing can offset that advantage quickly.)

Re: Ask YC: Do I have a chance?

#12

The bubble is in full effect. There seem to be a lot of people that think their projects somehow require funding. Your online social alarm clock is not a startup. Stop imagining how you're going to make money off of crappy widgets. Get out there, be curious and build things that solve actual problems.

online social alarm clock startup? already done:

http://www.chumby.com/

Re: Ask YC: Do I have a chance?

#14
post #12

The bubble is in full effect. There seem to be a lot of people that think their projects somehow require funding. Your online social alarm clock is not a startup. Stop imagining how you're going to make money off of crappy widgets. Get out there, be curious and build things that solve actual problems.

online social alarm clock startup? already done: http://www.chumby.com/

Chumby is much more than an alarm clock; it's a cool extendable toy that people would buy. I was referring to: http://sleep.fm/

Re: Ask YC: Do I have a chance?

#15
post #12

Earlier quoted context omitted.

online social alarm clock startup? already done: http://www.chumby.com/

Chumby is much more than an alarm clock; it's a cool extendable toy that people would buy. I was referring to: http://sleep.fm/

right, i was looking for something actually cool and useful :)

i guess my unspoken point was to try and note that even if an idea kind of sounds stupid, there might be a good way to implement it to achieve success.

Re: Ask YC: Do I have a chance?

#16
"If we build a prototype or beta do we have enough for an investor to invest in our company/website?"

Investors tend to invest in companies/people and less in ideas (unless the idea really is something revolutionary). Get your prototype in order, but also do a little business legwork. Are there competitors? Who is the market? What's the revenue potential? How are you going to market the idea?

Re: Ask YC: Do I have a chance?

#17
post #2

Why not try doing it without an investor? Does it absolutely require one? Could you get something going that would generate revenue and then grow it?

yeah, for your age, you don't need an investor until you need lots of servers. So get lots of users then investors will be easy.

Re: Ask YC: Do I have a chance?

#18
post #12

The bubble is in full effect. There seem to be a lot of people that think their projects somehow require funding. Your online social alarm clock is not a startup. Stop imagining how you're going to make money off of crappy widgets. Get out there, be curious and build things that solve actual problems.

online social alarm clock startup? already done: http://www.chumby.com/

The monthly "social alarm clock" thread is always entertaining. Let's do it again!

Re: Ask YC: Do I have a chance?

#19
Your ages will be a strike against you; expect problems with that for another two years or so at least. It's not a fatal strike, though, so definitely give it a shot. Apply to YC. Above all, keep building.
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