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One year as a solo dev building open-source data tools without funding

datastation.multiprocess.io

41–50 of 120 posts

Re: One year as a solo dev building open-source data tools without funding

#41
Pursued funding unsuccessfully, zero patrons, only reason its still open source is because they couldnt monetize with venture capital, got lucky in getting internet points, now interviewing for a job

Exactly why you dont do this too

Saved you some time

Re: One year as a solo dev building open-source data tools without funding

#42
post #8

> They weren't a fan of me being a solo founder and they felt the usage wasn't high enough i don't understand the logic here why would you need YC if you have found a co-founder and have some usage already? can't you just start making money?

Solo founder means bus factor is high. You don’t even have to die. Having a co-founder increases the chances of you being in it for the long run. But having a co-founder can pose a whole set of problems itself…

I would have thought co-founders are more problematic because they need to agree on everything but it sounds like a solo founder is an overall negative which I found surprising.

Re: One year as a solo dev building open-source data tools without funding

#43

Pursued funding unsuccessfully, zero patrons, only reason its still open source is because they couldnt monetize with venture capital, got lucky in getting internet points, now interviewing for a job Exactly why you dont do this too Saved you some time

I mean it's not a success story but it was fun and I've got cooler interviews lined up than I have ever had before, got to speak with VCs for the first time, learned a ton, and got out of it an app I've wanted for years. :)

I would actually recommend this sort of sabbatical if you can afford it and were in a similar situation as I was, basically.

Re: One year as a solo dev building open-source data tools without funding

#44
post #31

> How do you query this data or join or filter across such disparate sources? The only two solutions today are to put ALL data into a warehouse or to write custom scripts. The problem with warehouses are that they are expensive and that the ETL process for every new database is expensive too. > Tons and tons of companies are trying to solve this. You'll get lost among all the vendors trying to capitalize on the “Mode…

It sounds like you’re describing datomic. Though I don’t know if it has the required density.

Re: One year as a solo dev building open-source data tools without funding

#45
Advice regarding VCs: Don't ever talk to them if they randomly approach you saying they "really like what you're doing". They will gladly sent an associate to talk with you about your business in the greatest detail and ask you to share presentations, demos and metrics. Anything you give them will then get passed along to their own portfolio companies in your space. So don't feel flattered when they feign interest in your company, they're mostly just doing reconnaissance. Ignore it as chances are you're feeding them information they'll use to kill your company.

If you're really interested in VC funding you should proactively approach VCs (ideally using introductions by your network) that seem suitable. And you should check beforehand that they don't fund your main competitor.

Re: One year as a solo dev building open-source data tools without funding

#46

Advice regarding VCs: Don't ever talk to them if they randomly approach you saying they "really like what you're doing". They will gladly sent an associate to talk with you about your business in the greatest detail and ask you to share presentations, demos and metrics. Anything you give them will then get passed along to their own portfolio companies in your space. So don't feel flattered when they feign interest in…

Had this happen (random outreach). Led to a series A.

Respectfully disagree - I don't think competitors copying is a significant risk early on, compared to running out of money whilst trying to hit product market fit.

Re: One year as a solo dev building open-source data tools without funding

#47

Advice regarding VCs: Don't ever talk to them if they randomly approach you saying they "really like what you're doing". They will gladly sent an associate to talk with you about your business in the greatest detail and ask you to share presentations, demos and metrics. Anything you give them will then get passed along to their own portfolio companies in your space. So don't feel flattered when they feign interest in…

I think this is an overly dire warning, but the core of it is correct. If you get a random reach out, it probably means a discussion with an associate who is building out their network/pipeline and doesn't have much, if any, sway within the company yet.

It's not necessarily a bad thing to meet with an associate, and doesn't mean they are seeking to kill your company. An intro meeting with an associate will take time you could be spending elsewhere, so it's up to you to determine if it's a good use of it.

Re: One year as a solo dev building open-source data tools without funding

#48

Earlier quoted context omitted.

Having a supportive spouse probably does wonders for mental health. After 5 years in a relationship I decided to spin up my own business and learned about something I didn't know about significant other - she didn't recognise working for oneself as a legitimate work. For her I was "pissing away" my and her time and I should look for a second job if I wanted to make more money. I managed two years of constant berating…

I know exactly where you're coming from. My family didn't understand or like what I did for a long time. For them, I've wasted my time on what wasn't really "work", because I didn't get a salary. I'm from Germany, you're expected to have a job here. Being an Entrepreneur seems wrong. Luckily, my wife was very supportive. But there are also limits. Let's say that everyone around me had to suffer to some degree so that…

> Let's say that everyone around me had to suffer to some degree so that I was able to pull this off.

Even solo entrepreneurship isn't really "solo". Takes a village to raise a {business|baby}.

Re: One year as a solo dev building open-source data tools without funding

#49

Advice regarding VCs: Don't ever talk to them if they randomly approach you saying they "really like what you're doing". They will gladly sent an associate to talk with you about your business in the greatest detail and ask you to share presentations, demos and metrics. Anything you give them will then get passed along to their own portfolio companies in your space. So don't feel flattered when they feign interest in…

I'll agree with both of the peer comments.

Had a random contact and ended up securing funding.

Had hundreds of random contacts with junior VCs who were just fishing and looking to fill their calendar.

Nowadays I just decline these meetings as they are quite boring after the 10th time and have a low hit rate.

Re: One year as a solo dev building open-source data tools without funding

#50

Advice regarding VCs: Don't ever talk to them if they randomly approach you saying they "really like what you're doing". They will gladly sent an associate to talk with you about your business in the greatest detail and ask you to share presentations, demos and metrics. Anything you give them will then get passed along to their own portfolio companies in your space. So don't feel flattered when they feign interest in…

Or better, tell them all the ideas that you've had that seemed great, but just cost you thousands of hours of pain before you found out why they were unworkable.
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