3 ms·
OP here - I agree with a lot (but not all) of what you say. I probably didn't do a good enough job of specifying either the kind of person or the phase of star
by louisswiss 11y ago
OP here - I agree with a lot (but not all) of what you say.
I probably didn't do a good enough job of specifying either the kind of person or the phase of startup I was talking about - as you can no doubt tell by the quality of the writing it was written as a rant in one sitting.
To clear things up - I am still very convinced that the 10 points I wrote about are, broadly speaking, true for most business student founders with no technical experience, however in light of your feedback I will add two clarifying constraints/explanations:
1) I don't believe that business students are 'doomed' to fail as entrepreneurs. Rather, I believe that business school instills a number bad startup practices into the way that business students think, resulting in higher failure rates. Hopefully, by becoming aware of these 'mistakes/traps', business students who are founding a startup can save themselves time and energy which they need to keep momentum going.
2) I was writing with founders in mind who had not yet started up/were in the very first 2-3 months of working on their project. After 6 months (or maybe even earlier depending on traction), a lot of what I have written is no longer important/has successfully been navigated.
As a direct counter to your fourth option in point 2) --> if you don't have a personal friend who trusts you enough to build your product, can't pay someone to do it and haven't proven that you can do the non-technical things (to a certain extend marketing and sales, but of course also other things), why would any technical founder work together with you?
I have met quite a few hopeless non-technical founders with pretty good ideas (perhaps with a few tweaks). I have to confess to considering building their idea, but not with the hopeless founder as a partner...