3 ms·
> A year has passed and I'm thinking of partnering with another two business guys. These guys came to me and explained their idea. I'm pretty impressed with it,
by sage76 9y ago
> A year has passed and I'm thinking of partnering with another two business guys. These guys came to me and explained their idea. I'm pretty impressed with it, but not yet sure if they'd make great partners.
The 2 business guys thing is something to be wary of. I can't think of any tech startups that had 2 business founders.
The biggest problem is that it's tough for you to judge their output initially, since there is no product to sell. If they can get customers lined up without a product, that would be a good sign.
If they can raise funding on their own, and THE MONEY IS IN THE BANK, that's a good sign.
The worst ones are those who have "connections" and will sell only when the product is fully fleshed out. They just keep asking for feature after feature while sitting there, twiddling their thumbs.
If they are cagey about paperwork or details, it's a bad sign.
It's hard. I have been burnt once already. Sales is hard. REALLY hard. If you do decide to try it out, make sure they too have targets to hit.
- muzani 9y agoIt's fine if it's not a tech startup. Something like e-commerce comes to mind.