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There is a lot to running a business beyond the first MVP and customer. Being a cofounder is as intense if not more intense than being married. I would almost f
by digitaltrees 8y ago
There is a lot to running a business beyond the first MVP and customer. Being a cofounder is as intense if not more intense than being married. I would almost flip it around so you take a 20% passive stake with an priority to a dividend or a royalty on revenue so that you aren’t expected to manage multiple companies as a “founder”.
I am assuming that you are trying to get multiple ideas off the ground.
- esquire_900 8y agoMultiple ideas - maybe, totally depends on what comes up. Though it would change the intention of the deal, flipping around the deal wouldn't be something I'd say no to right away. It's a proposition after all, not a ridged set of rules we have to follow :) Got anything in mind?
- digitaltrees 8y agoI have a list of 40 ideas that I don’t have time to build. Ideas are easy. MVPs seem easy in theory, iteration to find product market fit; that is hard. Execution and building a team after product market fit is harder. That’s where most the work is. All of this is why a brand new founder seems like a novice when they are very secretive about an idea or want an NDA; ideas are easy. In reality, executing on an idea depends on domain expertise, which most developers, investors, random people you tell your don’t have, and know they don’t have. And most people know following through on an idea is a lot of work — they aren’t that interested in the hassle. Paul Graham used to give ideas to founders for free. I would suggest spending more time developing an analytical framework to identify problems. Don’t think in terms of “ideas”. Think I terms of a problem faced by an actual customer or user. My favorite framework comes from Aaron Harris. He says you should find a customer that has their hair on fire because a prototype fire extinguisher would solve a very serious problem for them. They wont care how basic, ugly, broken, or unreliable your fire extinguisher is and won’t care what price youre asking; they want to put out the fire.
- zzzcpan 8y agoMaybe the OP is trying to find problems, ideas that fit his unique skills and expertise to execute, and wants a little bit of help to validate.