2 ms·
---A Few Questions--- Are the hacker or the hustler? Any co-founders? If so, what's their role? Do you have a built MVP? Any beta testers? Any paying cust
by trussi 15y ago
---A Few Questions---
Are the hacker or the hustler?
Any co-founders? If so, what's their role?
Do you have a built MVP? Any beta testers? Any paying customers?
If no built MVP, how much longer before it's built?
How long is your runway (in months)?
---General Advice (without answers to the above questions)---
I'm a technical single founder building a B2B SaaS product.
My advice doesn't apply to anything B2C because I'm an introverted computer geek (i.e. I know nothing about inter-personal communication!!).
Assuming, you are a technical single founder, building a B2B product with a built MVP, here's my advice...
Don't waste time raising outside money. Go get friends & family money.
If you need more than $50k (the F&F limit) to get you ramen profitable, then your business model or product is wrong. By wrong, I mean, not efficient enough. You need to keep working the value proposition.
Raising money takes time. If you are a single technical founder, that time is MUCH BETTER SPENT BUILDING A PRODUCT.
If it's your idea, YOU HAVE TO SELL IT. You are the face of the company. If you can't sell it, go get a day job or work for another startup. Nobody understands your vision. Part of the sales process is to get customer feedback. Only you will be able to properly interpret that feedback within the context of you vision.
This above point is based on the theory that ideas are noting, implementation is everything. The most important component to successful implementation is you (the idea person) understanding the customer need. You have to have direct face-time with the customer. Anything else is like playing the telephone game...stuff gets lost in the translation.
---End Brain Dump---
If you can answer the questions above, I can give you some more specific advice.
Keep us posted on your progress.