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Persisting as a solo founder

vishnu.tech

111–120 of 263 posts

Re: Persisting as a solo founder

#111
post #22

Solo founder here. Make a product that people want and are willing to pay for. The product may be in what appears to be a crowded field. Identify niche opportunities or cases where an established leader is doing a poor job. It's fine to do some consulting on the side to pay the bills. Of course it will take time away from the product you are building; just be able to recognize when it's too much and scale back consul…

> Make a product that people want and are willing to pay for. Great point. The long-term survival of a business distills down to being able to bring in more money than it costs you to produce a product. It's such a simple concept, but it's easy to forget when you're swept up in the excitement of coding and engineering an idea you're excited about. Ironically, it's the most ambitious engineers who tend to make the mis…

> These are the startups that fizzle out 2-3 years later

Is that really the most common problem? I would probably be one of those engineers (if I'd start a business) and I'm a lot more afraid to sell something that doesn't exist yet than the other way around. Because now in addition to your usual problems you have legal obligations to deliver a product. I think this is one of the reasons for the crazy crunch culture of many startups.

Instead of selling a fake MVP product it is probably more healthy to be upfront to customers and let them pay for your development time like a consultant... And then repeat the work faster for different customers until you can spin the process out into a actual product.

In the case of the startups you describe I always imagine they have great sales and marketing people but no actual product, and thus survive only until the VC money dries up...

Re: Persisting as a solo founder

#112
post #61

Earlier quoted context omitted.

Sales without marketing isn't the best strategy, it literally turns you into a one man[selling machine where everything is based on your time. Marketing develops channels of customers.

Well, you sort of described the position I'm in :) Given that, do you have any recommendations for developing channels of customers? I haven't really hired for marketing before - what should I be looking for in that role?

Outsource parts of it:

- Content writers: Helps with Long tail SEO and building thought leadership; Ask within your network if they know someone.

- Website design and branding: Make a good first impression

- Banner and booth design for Conferences: Hopefully the folks from the design and branding can do this. caveat: Once this becomes a viable channel again.

- Ranking etc: Sign-up for a subscription of SEO Moz or something similar

- Adword: DIY

Honestly it's much much harder hiring for Marketing. If you do hire someone – find someone good at Project managing external resources.

Re: Persisting as a solo founder

#113
post #22

Solo founder here. Make a product that people want and are willing to pay for. The product may be in what appears to be a crowded field. Identify niche opportunities or cases where an established leader is doing a poor job. It's fine to do some consulting on the side to pay the bills. Of course it will take time away from the product you are building; just be able to recognize when it's too much and scale back consul…

Yeah, it is a twofold task really: 1) devise & ship something that makes sense and actually adds some value somewhere for a good number of people; 2) put it in front of the target niche through the cheapest feasible means of any type, aka do not get into the social media marketing rat trap.

In my very limited recent case, I produced a Kindle booklets series earlier this year (20 academic literature reviews) and started selling some through targeted ads on Amazon.com, at $0.03 per click, on top of a very few thousand visualizations per day.

Ramen profitable, but a platform to start from for small incremental updates in the mid- to long- term, hopefully.

Re: Persisting as a solo founder

#114

Don't persist as a solo founder but do it if you have to. I was a solo founder and at the end of my journey, I realized I would have given up 25-50% of my company just to 1. have someone else to talk to on a daily basis 2. have someone I could bounce ideas off, 3. someone who could have focused on the parts where I was bad (even if they didn't have that skillset). I would have done twice as much as solo founder. Push…

> I would have done twice as much as solo founder. so in the end, you remained a solo founder?

I had a part-time cofounder in the end. He was really good and we buit and launched app. Make 2k/month but I had to go back tot he workforce due to family reasons - dad got sick.

Re: Persisting as a solo founder

#115
post #40

Earlier quoted context omitted.

Oh that looks great (but.. lol) I'd lead with "Share your family's photos, access them everywhere you want them" rather the rather conspiratorial "corporations cannot be trusted". At least if you want to appeal to families. But what do I know! I pay $99/year for Mylio which does importing, syncing & basic editing between devices, but my goodness it's slow - the only saving grace is that it's faster than Lightroom. My…

> Mylio Mylio looks really cool, thanks for sharing! > spend 50% of your time marketing As a thin-skinned introvert, marketing doesn't come naturally to me. But yes, I've been trying to internalize this and in fact this blog post was a step towards putting myself out there. > I have an embarrassing prototype of my product out right now That's fantastic! I hope things work out the way you want them to. :)

Props on pushing your edge with the post. Building or tapping an existing community of early adopters is an enviable position to be in for a solo founder. Very unsticking. The feedback loop provides much desired certainty. Whether Twitter, Discord/Slack, a forum, whatever.

Re: Persisting as a solo founder

#117
Solo founder, one-man-shop here--14 years in.

There's lots of great advice here, and I'll add getting in the habit of sending out monthly update emails.

Pick a group of people (friends, family, maybe ex-colleagues) and once a month summarize what you accomplished in the last month, what you want to accomplish in the next month, and some goals you want to accomplish 4-6 months out.

One of the hardest part of going it alone is lacking perspective. Monthly updates are a really helpful tool in keeping you oriented.

Re: Persisting as a solo founder

#118
I worked in large companies where sometimes hundreds of engineers working on a few products and took a long time to launch(hardware+software).

I led a team of a few engineers for two years to build network products from bare-metal to UI in browser. two years that is.

now I work alone to build a product(software for hardware, I don't make the hardware) and it's very difficult, I have so many coding work to do and it just drive me tired, hiring others is not an option, I'm struggling to find reason to keep going on, before returning back to consult or a permanent job, neither I really enjoy these days.

on the hiring part, I probably can afford a few engineers overseas for a while, the problem is that finding them taking so much time, and it's hard to find good candidates when you're a little "start-up" with uncertain future, been there done that.

yes I'm stuck.

Re: Persisting as a solo founder

#119
>I’ve reduced my information consumption to free up brain cycles.

This is so important and not discussed very often. It's so easy to get caught up with the insane amount of information distractions. It is pivotal to narrow down your focus and attention on the really important things (deep work). Eliminate and minimize the pointless information hysteria.

I've worked with people who claim they 'work 12-16 hour days'. Yet, watching them work, they spend most of the day reading news articles and on Twitter. It is easy to get caught up in all of this, and it gives an illusion that one is "working" as it is very stimulating to your brain.

The only answer I've found to remaining positive about the world and staying productive has been to ignore >90% of the information out there. Very little news. No social media. I even ignore most of the things people say, unless I know that they are knowledgeable on the topic. But I guess this is what HN is for... One of the only places for decent information.

Re: Persisting as a solo founder

#120

Earlier quoted context omitted.

> Make a product that people want and are willing to pay for. Great point. The long-term survival of a business distills down to being able to bring in more money than it costs you to produce a product. It's such a simple concept, but it's easy to forget when you're swept up in the excitement of coding and engineering an idea you're excited about. Ironically, it's the most ambitious engineers who tend to make the mis…

> These are the startups that fizzle out 2-3 years later Is that really the most common problem? I would probably be one of those engineers (if I'd start a business) and I'm a lot more afraid to sell something that doesn't exist yet than the other way around. Because now in addition to your usual problems you have legal obligations to deliver a product. I think this is one of the reasons for the crazy crunch culture…

Statistically, more startup ventures fail than succeed.

> Instead of selling a fake MVP product it is probably more healthy to be upfront to customers and let them pay for your development time like a consultant

Careful, no one is advocating selling "fake" products. The key is to develop a minimal product that can be sold. It has to work, though. Fraud will sink a startup very quickly.

From there, you can contract with additional customers to expand the product to meet their needs. This is more difficult than it sounds, though, as you'll quickly be torn between working on what's best for the product as a whole, and what's best for an individual customer's unique needs.

I've seen many startups go down this path with best intentions, but ultimately become contracting shops with a single customer. That's fine if that's your goal, but it's painful when the contracts dry up and you don't have a product that appeals to the mass market.

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