5 ms·
Ask HN: What makes a good problem for a bootstrapped company to solve?
I recently joined YC's Future Founders Course, which I think was new last year. From there I ended up on the Kevin Hale talk, "How to Evaluate your Startup Idea". In that he talks about what investors at YC look for when they're evaluating the problem that you're trying to solve.
He says...
- We like problems that are urgent
- We like problems that are really expensive to solve
- We like problems that are mandatory
- We like problems that are frequent
In the "How to Get Startup Ideas" talk, Jared Friedman has some good tips where he suggests the "Idea Quality Score". With it, there are four questions you use to rate your idea. You rate each of the four questions between 1 and 10 and then average the values to get your score. The questions to ask yourself are...
- How big is this idea?
- How much expertise do the founders have in what they're doing?
- How sure are you that you're solving a severe problem?
- How important is your new insight into this problem?
Other signs you might have a good idea...
- Your making something that you personally want to have
- It has only recently become possible
I'd like to create a small company while I'm working and I'd like to bootstrap it myself. So, I'm focusing on growth but probably nowhere near the startup founders growth. I realize there's a chance that I have "Schlep Blindness" and I'm rejecting ideas that seem hard. But, really expensive problems are probably out, unless I've got a great idea on how to solve them on a shoe string budget. So, I'm discounting the expensive ideas for my small company.
With all that in mind, what do you think makes a good problem for a small bootstrapped company to solve?
References:
https://www.ycombinator.com/library/6e-how-to-evaluate-startup-ideas
https://www.ycombinator.com/library/8g-how-to-get-startup-ideas
- treeman79 6y ago$ conver docket compose to a sane set of helm charts.
- verdverm 6y agoI wasn't aware helm could be sane with the templated yaml and all Something better is on the way, Q2 is the target. (not mine, by some highly regarded creators whose work you use every day)
- verdverm 6y agoI've seen domain experts solving something very niche in their area. Tech was just there to help, they did things by hand to begin with and brought in the tech expertise later. Very YC like. They tend to be very sales oriented orgs, not founded on tech for tech's sake. Rather the founders knew a problem very deeply and how to solve it. What problems or areas do you know very deeply?
- offtop5 6y agoThis seems like a good strategy, I recall the medical startup from yesterday. It felt like some random person thought he could hire a bunch of contractors to address a field he doesn't know anything about. In my mind projects should fit into, A :I've been working in this field for five or six years, I know the market well enough where I'm ready to take a shot. B: hobby projects
- verdverm 6y agoI was going to comment on that medical one. The domain experts I know don't delve into how the tech works from an implementation standpoint. They know the UX that is needed and they are better leaders / managers. They also devote 100% to their company. I've experienced doctors, lawyers, real estate ppl to want to run the company as a side project and have dictatorial control. YC also knows half the battle is finding the right people who can work together effectively.
- emrah 6y agoThis is a good listen: Choosing the Right Product Idea (Rob Walling) https://fullstackradio.com/125 https://fullstackradio.com/125