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What problem are you trying to solve is the only question you should be asking. Given your background and given that you are useless in terms of building produc
by dunnodonna 9y ago
What problem are you trying to solve is the only question you should be asking. Given your background and given that you are useless in terms of building products, you need to excel at connecting with users and if you want a SaaS company then you need to work within industries you know well.
Second question is, how big is your market. That is the only question that really matters to serious VCs.
I'll be honest though the fact that there are two "business guys" and only one developer is a big red flag and I would not get involved with this company. "Business guys" tend to not care for or understand technology and the reality is that in the tech space you win with technological advantage. Period. All best tech cos were started by developers (Google Facebook, Microsoft, all SaaS companies I know of even if the founders were not coding at the end they were developers by training - marc benioff, Larry Ellison) or had genius developers coupled with brilliant sales people (Apple).
The best technologists are driven and are not usually fond of "ideas" from business people. Also, remember that ML is an area that will be conquered by large companies, FANGs. It's not worth wasting your time on, if you are not a technology person.
Given what you mention about your background, I would focus on creating a company that is based on a problem the industry at least one of you knows really well, and have light technology because you are not going to win in the tech space if you have two business founders (my true honest opinion) not nowadays. Something like consulting, something where sales matters more than tech. Business people HAVE to be good at 1. strategy and 2. market so if you're not that's a red flag. Maybe you guys like hanging out, a business partnership is not a great idea.