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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?

#201

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'm trying to launch a startup now... https://getpolarized.io/ What I've been mostly focusing on is product market fit and growth. I think I have the product market fit down but the growth aspect is what's challenging me right now. I don't want to just buy growth now as I'm not convinced (yet) that our user base will actually pay. Additionally, I have to figure out a way to get a steady supply of new users through so…

Well, people who care enough about reading to pay money for a better reading experience will want your product. Now, who cares enough about reading? People who have to read and people who want to read.

One the side of people who want to read, you have an opportunity to show them how much better reading is with your product. How do you do that??! Things that come to mind:

- A collection of blog articles on how to read more with an upsell to try your product

- A free course on how to read more with your product.

- Be a guest on reading/book podcasts. This is usually low cost/cheap and it provides a way to show social proof on your site ("As featured on the $podcast").

- Online book communities.

- Writing communities.

On the side of people who have to read, you have an opportunity to sell a solution to their pain. Reaching them will mean you have to split it into verticals. You can simply focus in one vertical (law industry as an example), set a time/money goal, and if it doesnt work out move to another. Reaching them is a matter of leveraging linknedin's data. Things you can do are:

- Write/Offer white papers on how to declutter their text based work process.

- Provide free consultations on decluttering their text based work.

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It's all high effort. There are no shortcuts. You will have to be very honest with yourself and figure out if you really want to do these things. Best of luck.

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

#202
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…

Go to a store nearby.

Buy something.

Put it on Ebay.

Sell it.

Tinker with the product description and price and measure results.

Rinse and repeat.

You will learn more than many wanna bes.

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

#203
post #200

Earlier quoted context omitted.

I hate that quote. They wouldn't have wanted faster horses, they'd have wanted something faster (or lower maintenance, or cheaper) than a horse.

For most people who ride horses, a faster horse is the only sensible next step. That quote quite succinctly points out a bunch of human behaviors. Just ask the next person you meet about their solution on high rent, bad traffic, etc. to get a sense of what I'm talking about.

The solution to traffic jams is naturally ‘more roads’!

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

#204
post #2

Serial single founder here. Start building and start selling. If you can’t deliver a product to a paying customer solo then you’re not cut out to be a sole founder.

I don’t know, this sounds like kind of a given to me.

If you can’t build it you have no business.

If you can’t sell it you have no business either.

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

#205
Lots of conflicting advice here. There are a lot of factors that would or could cause you to do one thing versus another: how much capital reserves do you have, have you tested a market yet, what is the market, what are you looking for in a cofounder, how long will the product take to develop if it isn’t developed already, etc etc.

Here’s my (short) story. I’m a single founder in mid development, and this is a side hustle. I expect to deliver by the end of this quarter, working in my spare time. The product is solving a problem that I have. I am footing everything, and am not even entertaining the idea of bringing anyone else (cofounder or otherwise) on board until the product is complete and works the way that I want it to. Then once it’s marketed and gets traction, then and only then would I look for help.

But that’s just me and that’s the point: do what’s best for you.

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

#206
Many intelligent comments in this thread; let me point out the underacknowledged.

You are limited by who you are. By your appearance, mannerisms, speech patterns. Your clothing, body language, grooming and hygiene. Your ingrained habits of action, speech and thought. Your age - foolish excitable youth or cramped, ossified old age. Your network and resume. Some of this can be improved, some can't.

It all sets an upper bound on your potential, but you could fall far short of this due to bad luck or bad execution. Almost nobody will be honest with you about any of this. Which means savvy observers may see your limits very quickly, but will not tell you.

Trust is a huge factor, and again, people will not be up front about this. A solo startup has a huge legitimacy gap if selling to big companies. You could just vanish, go on vacation, get sick, steal the company's data, sue the company claiming to be a de facto employee.

So acquire signals of legitimacy aggressively. Sell anything to a big corporation or government agency, no matter how small and out of your specialty, and you have a bragging point. Join industry associations. Get an advisory board with the right resumes. (All this assumes b2b).

If you are not likeable, you will have great difficulty selling. That includes pitching to investors, attracting co-founders, employees and beta testers.

Every time you have contact with a salesman - that includes missionaries, military recruiters, etc. - note down what they did that worked and didn't work. The common denominator I've seen in the good salesman is 1) being likeable and 2) understanding my particular situation.

If you see any way to get objective feedback on you, not the company - do it. For instance, bring a savvy observer on a sales call. He can be an investor, a salesman from one of your suppliers, or a paid advisor. I personally stumbled into that situation and benefited from it.

Maybe I'm overstating this because plenty of seemingly dislikeable people started successful companies.

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

#207

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'm trying to launch a startup now... https://getpolarized.io/ What I've been mostly focusing on is product market fit and growth. I think I have the product market fit down but the growth aspect is what's challenging me right now. I don't want to just buy growth now as I'm not convinced (yet) that our user base will actually pay. Additionally, I have to figure out a way to get a steady supply of new users through so…

I'm a big fan of what you're trying to do here - have been using the app for a while now. Feel free to contact me - my email is on my profile. I put on dinners in SF that might be helpful too.

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

#208
Don't. You can. But you can also run full speed into the side of a building.

One will get the lesson faster than the other... and it isn't the one where you spend 6 to 12 months lying to yourself and everyone around you about how you are figuring it out before realizing that you actually aren't a super genius and you actually can't do everything by yourself and you NEED other people.

Why because of what I tell literally every person that asks me about doing this now... At the end of the day even if you were a super genius at everything it takes to make a business be successful... you will run out of time in the day to do everything.

You HAVE to be able to bring other awesome people on to help you or you will burn out and fail.

If its not painfully obvious by now I am speaking from experience.

I tried I failed. That doesn't mean that you will but I just can't recommend anyone try to do this kind of thing by themselves.

I tell people now I feel like the first true test of your business is convincing other people to help your work on it... if you can't convince even 1 other person to help you... do you really even have anything?

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

#209

Many intelligent comments in this thread; let me point out the underacknowledged. You are limited by who you are. By your appearance, mannerisms, speech patterns. Your clothing, body language, grooming and hygiene. Your ingrained habits of action, speech and thought. Your age - foolish excitable youth or cramped, ossified old age. Your network and resume. Some of this can be improved, some can't. It all sets an upper…

> You are limited by who you are. By your appearance, mannerisms, speech patterns. Your clothing, body language, grooming and hygiene. Your ingrained habits of action, speech and thought. Your age - foolish excitable youth or cramped, ossified old age. Your network and resume. Some of this can be improved, some can't.

I am fascinated that someone has above attributes lined up in a way so that they can drive around in $100,000 cars, drop $10,000 for a family vacation without having to save for years, and live in a house that is literally a movie set.

And you have the opposite like poor and homeless.

Isn't life ... weird?

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

#210

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'm trying to launch a startup now... https://getpolarized.io/ What I've been mostly focusing on is product market fit and growth. I think I have the product market fit down but the growth aspect is what's challenging me right now. I don't want to just buy growth now as I'm not convinced (yet) that our user base will actually pay. Additionally, I have to figure out a way to get a steady supply of new users through so…

Very interesting product! Great job!
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