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I know plenty of companies (and VCs funding them) who had no technical talent and went with an outsourced team. VCs have networks of people who can help get a b
by mvid 9y ago
I know plenty of companies (and VCs funding them) who had no technical talent and went with an outsourced team. VCs have networks of people who can help get a business off the ground temporarily, for this exact reason.
Most startup founders are nontechnical and finding engineers is still hard. Lots of businesses don’t even need engineers on staff all the time.
Why would a partner join you for $0 and stock? They know you can’t execute on your own, so why include you at all? If the tech partner would have been sold enough to work for free, they should do it without you. If you are bringing money, you can afford to pay them.
- anovikov 9y agoWell you are a founder only if you have some core competence critical for the project. Then you can't be excluded. Just having an 'idea' is clearly not enough (and not having any valuable competence which can't be just hired on the market means you probably can't have a valuable idea either, ideas come from experience with something in a way no one else had). If that competence is not technical, fine: this is what technical cofounders are for. But if someone has an 'idea' of something without deep experience in a particular industry which makes him indispensable as a founder, that idea is no better than any of 5 or so 'ideas' i can invent if you buy me a couple beers in a bar. 'sitcom startup' as someone called these. It also makes chances to get funding slim, even if idea is by some miracle a good one. Because there is no answer to 'what prevents a random guy from copying it' question, which every good investor must ask.