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Seeking Technology Co-Founder (NYC)

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Re: Seeking Technology Co-Founder (NYC)

#41
post #16
post #5

Earlier quoted context omitted.

I knew I would probably get attacked on this post in some way. I am not naive and I do realize my limitations. Additionally, in a business you are looking ideally for individuals who complement yourself in skills (i.e. one business person, one technology person). What is wrong with 1 non-programmer + 1 hacker sharing equity equally? I realize product development is paramount. I do not expect to be twiddling my thumbs…

I did not mean to attack, sorry if you took it that way. Just trying to give you honest feedback. "What is wrong with 1 non-programmer + 1 hacker sharing equity equally?" Nothing if you can find someone to do it. Great deal for you. No one is accusing you of "twiddling my thumbs". Your mere presence here suggests otherwise. I'm only suggesting that in the earliest stages, 90% (or more) of the work that has to be done…

Don't take this the wrong way ... but I've had an inside perspective on how investors (who actually write checks, not blog articles about how cool they are) think. You'd be shocked to discover what little value they place on your code. And investors are not even the most important part of starting a business - customers are. They could care even less than investors do. If coding was that all-important, why doesn't every hacker code their way to multi-million dollar success stories? IF ONLY STARTING A BUSINESS was as easy as you say. I've been and am in a similar position, have come across COUNTLESS "hackers" with their own pet project, and coming up now a little over a year after they've all turned me down, amazingly, nobody cares about their excellent code - just like a year ago, and probably a year from now. Yes, product development is important. But alone it gets you nowhere. You need communication skills, ability to motivate during hard times, ability to redirect hostility and stress found at many startups, ability to sense people's needs (for example, most people I've ever met that write more checks than blogs about themselves as investors usually have manic-depressive natures and are looking for the "high" of being involved in something cool/worthwile/humanitarian/state-of-the-art). You need awesome design skills, ability present information in ways that make sense to non-technical users. You need ability to document work processes that keep everybody current and on-track. You need to be able to follow massive amounts of information to figure out who is likely to enter your space and where your space might branch off 6 months / a year etc. You need the ability to quickly figure out countless people and pitch them on their secret desires, not your startup. You need to be able to respond to massive, systematic changes in the market that can render your entire business model useless and be able to quickly figure out a whole new business from scratch that can still be built with dwindling resources. You need to be able to write countless business plans at a moment's notice in case you get interest from who knows where who knows when. You need to be able to figure out how to cheaply or freely market to your customers while overcoming a decade's worth of internet-enabled skepticism. TELL ME, who the hell is doing all of these things and countless more things I forgot to mention while you're busy coding? Or do you plan on doing these things "after you're done" coding? If so, how can you compete with a startup that has people doing all these things WHILE their programmers code?

"Great deal for you." If someone does years of market research, comes up with a clever way to make money and beat potential competitors and figures out a way to get money to finance the project, you think it's a "great deal for them" if they get 50% of a company they start while a hacker hacks, as if though the hacker is doing them a favor? Do you have any idea how many 1-person hacker companies trying to sell their "product" (ie, code) with no users to a larger company I have come across while looking for programmers for my startup effort? As much as you may hate hearing this, remember all those snobby ivy-league MBAs during the dot-com bust that thought they were a gift to the rest of us, you know, the ones hackers hate? You've replaced them. You're the next version of them, and 10 years from now I guarantee you as the dollar falls and your value to the market is reduced exponentially as more and more eastern-european/chinese/indians are graduating with PHDs and work histories for major overseas companies starting from even high school all the way through their grad programs, I guarantee you you will be replaced by another class that will recall, "Remember the days a decade ago when programmers thought they were God's gift to the world just because they could do what a billion foreigners with better educations can do just as well, or better these days?" Hubris cometh before the fall, amigo, and you U.S. based programming gurus have cornered the market on it.

Re: Seeking Technology Co-Founder (NYC)

#42
post #5

Earlier quoted context omitted.

I knew I would probably get attacked on this post in some way. I am not naive and I do realize my limitations. Additionally, in a business you are looking ideally for individuals who complement yourself in skills (i.e. one business person, one technology person). What is wrong with 1 non-programmer + 1 hacker sharing equity equally? I realize product development is paramount. I do not expect to be twiddling my thumbs…

I'm curious what you'd be doing for 40-60 hours a week while your partner(s) hack. I'm not being snippy. In fact, I am the least technical of 3 hackers on our team (currently YC08). I do all of the Photoshop work, html, css, JavaScript, light Rails, customer communication, copywriting, analytics, cooking (I'm serious), pitching, etc. But if I took out the BUILDING stuff (design prototyping and front-end development),…

>> Having ideas and being a user in your target market doesn't cut the mustard IMO. And an early stage team doesn't need a project manager, or detailed spec sheets, or other "manager-y" stuff.

I predict you'll fail with whatever you try to startup AS LONG AS you have this attitude. A founder who used to be a former user and can point to the flaws in everything on the market and came up with a better solution is an IDEAL person to have start something. Their intuition is based on their experience of what people like them (ie, former customers) will PAY MONEY for. That's a business. Hackers hacking all night is not a business. Sorry to burst your bubble.

You can't be more wrong. You only get PRACTICAL, USEFULL business ideas AS a customer/user. That's why 99.99% of programmers who start businesses flop - they're so wrapped up in some tiny aspect of their warped reality and how their awesome code makes a tiny part of it a bit better in ways nobody understands, that they never stop and think that 99.99% of the general population of who they think will be their customers couldn't care less.

That's if they even bother to think about who their customers will be. Most programmers can't think beyond "users" and I'm sorry, but now that we're entering recession times, you'll learn really quick that users does NOT equal same as paying customer.

The sad truth for you is that most successful companies were started by people without the technical skills but who were users of many things, had a "big picture perspective" and thought to themselves, "You know what sucks about the current state of things, this, this and that - someone should make something different like this and this."

Otherwise, from your model, you just have programmers making something most likely nobody will care about. That's not a company, that's code. If you get some users, that may a service, by which I mean of the charity kind. If they pay you, that's a product, though not necessarily a successful company.

HERE - FORGET MY THESIS - imagine instead this scenario - let's say all the "big idea" people went on some Atlas shrugged type of strike. That leaves you programmers in boston, and those in virginia, in New York, S.V, and about a hundred million others in Russia, Eastern Europe, India, China, Netherlands, Ireland, France ...

If the idea people are that irrelevant to starting great companies, and programmers are that all-important, why don't you guys all get together, form some sort of super development virtual company and spit out 50 million uber-companies all based on your awesome code?

I'll bet 50 idea people in various industries will start successful companies that MAKE MONEY for every 1 programmer with a brilliant algorithm to load YouTube videos 2% faster or whatever passes for a great business idea among hackers these days that manages to fool some desperate, inexperienced VC to put money into their project.

FINAL ANALYSIS: Masons build, but building without a good plan leads to well-executed crap. No inspired architect/designer, no beauty, no inspirational "thing" that PAYING customers can wrap their minds around. I've said it before and I'll say it again: just because you get "users" and maybe bought out by Mega-Corp. doesn't mean you've created a successful company. Get people to pay you money for your thing, that's a business. Otherwise, just a delusion that will never survive the next 4 years of economic slowdown. Can't figure out how to make people hand over their money for your "thing"? That's where you need "business idea" people who've honed their intuition from using everything in the market.

Re: Seeking Technology Co-Founder (NYC)

#43
post #6

Earlier quoted context omitted.

Thanks for the advice. Right now, I would like to continue in my hunt for a co-founder but do plan on trying to pick up some knowledge of programming even if I do find someone to work with.

regardless of whether you have previous knowledge or not, if you're willing to program (whether it's front end or back) and you do learn, even if it is on the fly, for this project... then maybe a 50 50 split does make sense...

Yeh, that's an awesome idea - let's get rid of the insights Ford gained from the assembly line and toss out about a century's worth of industrial progress and all drop what we're doing and waste time re-inventing each other's wheels. That will really help bring thing about much more efficiently. Tell me, once you're done with your product, do you see yourself going to a VC for funding only to have the VC tell you in return, "You want money from me? Well, I don't know - if you're willing to spend years learning how to raise money from institutional investors all over the world, I might be willing to look at your proposal, otherwise, well, it's not worth it for me."

Maybe you need a CEO with relevant experience. I hope the people who you approach turn around and tell you, "Gee, you're a noob when it comes to building/growing/managing a business - tell you what, why don't you first invest some time and become an executive at a Fortune 500 company like me, then I'll consider helping you out by adding my credibility to your "startup" which is basically just a bunch of code. Call me in 10 years when you're the EVP of a company whose products I use."

This is why we need "big idea business people." Leave it up to you guys and your "prove your worthiness to me first" approach to life and the world would fall apart.

Geesh - imagine going to a doctor or surgeon only to have them tell you, "Well, tell you what - if you're willing to go to med school, I might operate on you. Otherwise, you're not worthy of my effort."

Re: Seeking Technology Co-Founder (NYC)

#44
post #34

I think 1 business geek + 1 hacker has better chance of success than 2 business hacker. Paypal was founded on a similar model. However, what often happens is one partner tends to underestimate the hacker - either the business geek finds the hacker useless or vice versa. I guess some level of understanding and respect is an important element in any partnership.

Underestimating "the other's value" is a sign of immaturity and lack of experience. The more I learn about life, the more I appreciate everyone around me more. I'm sure lots of people underestimate civil engineers, car designers, pilots, surgeons, micro-biologists, etc. because life is complex and we have no idea how challenging people's contributions are and how they affect us. Having said that, IMHO it's usually hackers who underestimate everyone else's contributions ... until they get to the point where nobody's signing up for their "thing" or they have people sign up, but nobody's willing to pay them for it. THEN the value of business models, marketing expertise, sales techniques, etc. come into perspective, when they realize all the tweaking in the world doesn't necessarily translate into the handing over of the cash from paying customers.

Re: Seeking Technology Co-Founder (NYC)

#45

Anybody else read that as "wedding" or "niche space travel"? Talk about an unfocused startup...

You do realize that people have weddings in exotic locations, which = travel ... and then right AFTER the wedding they go on these things called "Honeymoons" which involve travel, right? So then, yeh, weddings and niche travel would tend to complement each other perfectly for a business like this.

Re: Seeking Technology Co-Founder (NYC)

#46
post #43

Earlier quoted context omitted.

regardless of whether you have previous knowledge or not, if you're willing to program (whether it's front end or back) and you do learn, even if it is on the fly, for this project... then maybe a 50 50 split does make sense...

Yeh, that's an awesome idea - let's get rid of the insights Ford gained from the assembly line and toss out about a century's worth of industrial progress and all drop what we're doing and waste time re-inventing each other's wheels. That will really help bring thing about much more efficiently. Tell me, once you're done with your product, do you see yourself going to a VC for funding only to have the VC tell you in…

I'm not saying that engineers don't need business people at all, but they do need competent business people. Either the business person in question is charismatic enough to convince or he has a proven track record or he already has money (from convincing investors). from your perspective would you partner/hire an engineer who can't build something. you can guage who's a solid engineer by what they've built, as oppose to just what they claim...

on another point, when u don't have a product yet does it always make sense to get someone to start selling it before it's there in every situation (as opposed to getting someone to help you build it)?

"imagine going to a doctor or surgeon only to have them tell you, "Well, tell you what - if you're willing to go to med school, I might operate on you. Otherwise, you're not worthy of my effort.""

that's a bad analogy, considering patients are doctors' customers

Re: Seeking Technology Co-Founder (NYC)

#47
post #45

Anybody else read that as "wedding" or "niche space travel"? Talk about an unfocused startup...

You do realize that people have weddings in exotic locations, which = travel ... and then right AFTER the wedding they go on these things called "Honeymoons" which involve travel, right? So then, yeh, weddings and niche travel would tend to complement each other perfectly for a business like this.

Right. Downgrade my post. I made a perfectly valid, succint point, insulted nobody, pointed to a flaw in the logic, supported the original logic, and just because you disagree and can't defend your own logic you click off a point. Feel powerful, do you? You showed me!

Re: Seeking Technology Co-Founder (NYC)

#48
post #43

Earlier quoted context omitted.

Yeh, that's an awesome idea - let's get rid of the insights Ford gained from the assembly line and toss out about a century's worth of industrial progress and all drop what we're doing and waste time re-inventing each other's wheels. That will really help bring thing about much more efficiently. Tell me, once you're done with your product, do you see yourself going to a VC for funding only to have the VC tell you in…

I'm not saying that engineers don't need business people at all, but they do need competent business people. Either the business person in question is charismatic enough to convince or he has a proven track record or he already has money (from convincing investors). from your perspective would you partner/hire an engineer who can't build something. you can guage who's a solid engineer by what they've built, as oppose…

> but they do need competent business people

But most business competence is recognized in retrospect. How many Harvard MBAs with awesome corporate track records do you see starting awesome companys which make products you love? Like, almost none?

> to convince or he has a proven track record or he already has money

"proven track records" are what jealous people who inherit money to start investment funds look for to make business starters feel small. Tell me, based on the "track record" of Steve Jobs/Woz, Howard Shultz (door-to-door expresso machine salesperson), Richard Branson, and God knows who else, would you invest a penny in their "I dropped out of college/never went to chase my dream of beating huge, well-financed, well established companies on their own turf by doing something unproven" ideas? I bet not. But you'd be very rich if you did.

> from your perspective would you partner/hire an engineer who can't build something. you can guage who's a solid engineer by what they've built, as oppose to just what they claim...

But most people just showcase what they CAN build, which, in my experience, rarely translates into the ability to build what they've never built before.

>on another point, when u don't have a product yet does it always make sense to get someone to start selling it before it's there in every situation (as opposed to getting someone to help you build it)?

Sure. I'd gladly pick an awesome salesperson who can pre-sell it to 100,000 paying customers over 10 of the best programmers working away day and night all the time. That salesperson's ability will get me the money to tell VCs to go to hell and then have plenty left to hire the best programmers I can find. The programmers, meanwhile, don't guarantee anybody will buy it once its done.

>that's a bad analogy, considering patients are doctors' customers

Not really. Most surgeons make enough money to not have to work for the money and do it for the challenge/love. Imagine they got offended at everyone's lack of medical knowledge.

Re: Seeking Technology Co-Founder (NYC)

#49
post #48

Earlier quoted context omitted.

I'm not saying that engineers don't need business people at all, but they do need competent business people. Either the business person in question is charismatic enough to convince or he has a proven track record or he already has money (from convincing investors). from your perspective would you partner/hire an engineer who can't build something. you can guage who's a solid engineer by what they've built, as oppose…

> but they do need competent business people But most business competence is recognized in retrospect. How many Harvard MBAs with awesome corporate track records do you see starting awesome companys which make products you love? Like, almost none? > to convince or he has a proven track record or he already has money "proven track records" are what jealous people who inherit money to start investment funds look for to…

"How many Harvard MBAs with awesome corporate track records do you see starting awesome companys which make products you love?"

well a lot of them tend to join big established corporations... not to mention many successful entreprenuers don't have MBAs let alone degrees

"tell me, based on the "track record" of Steve Jobs/Woz, Howard Shultz (door-to-door expresso machine salesperson), Richard Branson,"

well I mentioned charisma right? Jobs and Branson are bad examples for your argument, since they are extremely charismatic - hell they're legendary for it

" most people just showcase what they CAN build"

better than empty words...

"Sure. I'd gladly pick an awesome salesperson who can pre-sell it to 100,000 paying customers "

what if it doesn't get built after you presold?

"Most surgeons make enough money to not have to work for the money and do it for the challenge/love"

well all the doctors I know from college have a lot of bills to pay, which don't include the extremely high cost of malpractice insurance.... =)

Re: Seeking Technology Co-Founder (NYC)

#50
post #48

Earlier quoted context omitted.

> but they do need competent business people But most business competence is recognized in retrospect. How many Harvard MBAs with awesome corporate track records do you see starting awesome companys which make products you love? Like, almost none? > to convince or he has a proven track record or he already has money "proven track records" are what jealous people who inherit money to start investment funds look for to…

"How many Harvard MBAs with awesome corporate track records do you see starting awesome companys which make products you love?" well a lot of them tend to join big established corporations... not to mention many successful entreprenuers don't have MBAs let alone degrees "tell me, based on the "track record" of Steve Jobs/Woz, Howard Shultz (door-to-door expresso machine salesperson), Richard Branson," well I mentione…

> well a lot of them tend to join big established corporations... not to mention many successful entreprenuers don't have MBAs let alone degrees

Exactly. Hence, track records are useless. Unless you have a track record of starting big successful companies. Nobody who has that would bother talking to programmers. They'd hire them to wash their ferraris for the entertainment value.

>well I mentioned charisma right? Jobs and Branson are bad examples for your argument, since they are extremely charismatic - hell they're legendary for it

Psst! AFTER they get rich it's called "charisma" .. until then, it's called being a loon. Take away fame and money and "charisma" suddenly = annoying personality.

> better than empty words...

Not really. I can build the biggest house of cards you ever saw. Not sure how that makes me money. Same thing with most applications I've seen programmers show me when they told me they're too busy to build my thing. Awesome. Profound. They even convinced me their solutions were technically superior to everyting. I can't figure out who'd give them any money for it, so in the end they amount to the same thing as my house of cards or "empty words" , ie, nothing anybody would actually buy.

> what if it doesn't get built after you presold?

Um, well, if programmers are still too snobby here after I got 100,000 people to pay me for it up front, (a) they're too stupid to hire because they don't realize the value of 100,000 people willing to pay you before it's even built and (b) I'd use the money to fly to Russia and spend 3 months finding programmers there.

> well all the doctors I know from college have a lot of bills to pay, which don't include the extremely high cost of malpractice insurance.... =)

Doctors, maybe. Surgeons, I doubt. Most surgeons can pay off med school with 1-few proceedures, depending on the nature.

> extremely high cost of malpractice insurance.... =)

I don't think the doctors themselves pay that - the hospitals / private companies which own/manage them these days do that.

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