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Now is the time to do a startup

42floors.com

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Re: Now is the time to do a startup

#4

Startups should be based on an opportunity to solve a problem, not "wanting to do a startup." Check your motivations.

That's a fair warning.

I would also say that business in general is an opportunity to solve problems. Startups are a subset in which that opportunity starts with no resources.

The big change over the last few years is that starting with no resources has become less of an obstacle.

Re: Now is the time to do a startup

#5

Startups should be based on an opportunity to solve a problem, not "wanting to do a startup." Check your motivations.

> Startups are based on an opportunity to solve a problem, not "wanting to do a startup." Check your motivations.

So, I have an opinion that runs counter to almost everyone on HN, but I disagree with this. I see nothing wrong with wanting to do a startup for the sake of wanting to do a startup. That's a great motivation in itself for many people.

There's no magic or scientific principle that says startup success must be a direct function of the type of motivation of its founders. Perhaps there are some correlations; Paul Graham could perhaps provide more insight into that...

There are many highly motivated, hard-working people who have failed with startup ideas that elegantly solved novel problems, and then there are only somewhat-motivated people who just wanted to create a website that ended up taking off into something. Of course, once it "took off", if they didn't suddenly become motivated, of course their idea would go nowhere, but it's the kind/type of motivation in the initial stages that I think too much value is being placed on.

It's nobel to think that everyone should want to start a company to solve a legitimate problem, but in reality I see absolutely nothing wrong with other motivators being the impetus for starting a company: boredom, money, curiosity. In the end, it's the result, not the motivation that ever mattered.

Re: Now is the time to do a startup

#6

Hey hotshot. How about less blogging and more work on your darn company? I tried using it to find office space repeatedly.. No good.

I would love to see if I can help you with your office search. Contact info is in my HN profile.

As for blogging. It's core to who I am. I did it before 42Floors, and I'll continue to do it for as long as it brings me meaning. I've long since understood not everyone appreciates it. But I do.

Re: Now is the time to do a startup

#7
Excuse Number Five: who is going to pay my mortgage for the next 18 months?

Unfortunately, the Western world's mindset of house ownership means that most people who want to do something different generally can't do so until their 50s.

Solving that might stimulate innovation and start-up creation.

Imagine an environment where basic accommodation and sustenance was available to everyone. People would have the freedom and opportunity to do exciting, novel things.

Re: Now is the time to do a startup

#9

Startups should be based on an opportunity to solve a problem, not "wanting to do a startup." Check your motivations.

> Startups are based on an opportunity to solve a problem, not "wanting to do a startup." Check your motivations. So, I have an opinion that runs counter to almost everyone on HN, but I disagree with this. I see nothing wrong with wanting to do a startup for the sake of wanting to do a startup. That's a great motivation in itself for many people. There's no magic or scientific principle that says startup success must…

It is much easier to get people to pay you if you solve a problem or make their lives easier. This is especially true for B2B startups where your customers have to justify every expense. In the B2C space, people might pay you money even if you don't solve a problem (e.g. entertainment). When a B2C company gains traction, it may have to pivot to solve a problem for either its users or other companies (e.g. selling advertising to its userbase like Twitter or Facebook).

Re: Now is the time to do a startup

#10

Excuse Number Five: who is going to pay my mortgage for the next 18 months? Unfortunately, the Western world's mindset of house ownership means that most people who want to do something different generally can't do so until their 50s. Solving that might stimulate innovation and start-up creation. Imagine an environment where basic accommodation and sustenance was available to everyone. People would have the freedom a…

I'm 34. Married. And don't own a house, nor will anytime soon. It would've been much harder to stomach the risk of starting 42Floors if I had a mortgage.

Getting locked into debt, whether that be school loans, credit cards, a high priced lifestyle, or a mortgage are certainly barriers to doing a startup. But they're all choices.

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