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Here are a few things that come to mind if you want to start a company with me. 1. Your idea has to be solid. Not just something you're excited about, not just
by evincarofautumn 15y ago
Here are a few things that come to mind if you want to start a company with me.
1. Your idea has to be solid. Not just something you're excited about, not just something I can get excited about, but something that's genuinely good. Something that no one has thought of before, or a new edge to a market that hasn't been nailed yet. If I were an investor, I would have to want to invest in us.
2. You have to have a good understanding of the technical challenges involved in making your idea a reality. You should have an idea of what needs to be done so that your hopes aren't completely dashed when I tell you the facts of what it will take.
3. You cannot undervalue your time, or my time. No matter what, I'm taking a risk by working with you. You have to convince me that it will be worth my while, and you know what? You probably have to make it actually worth my while.
4. You have to be willing to accept feedback. If you start with a complete vision of what your company and product are going to be, you will be sorely disappointed when that vision fails to materialise. By taking critique during the development of your idea, you will end up with something better even than the perfection you imagined.
Just my 2¢.
- tamle 15y ago1. "If I were an investor, I would have to want to invest in us." That makes so much sense, I can't believe I've never thought of it in that light before. 2. Agreed. 3. "You probably have to make it actually worth my while." - Specifically, is this money/equity? Or is there another dimension I'm overlooking? 4. If I'm understanding you correctly: you want to work with someone more passionate about figuring out how to solve problem X as opposed to someone who's passionate about using their proposed solution. Correct? Thank you!
- Fliko 15y agoFor #4 I think he is saying that your end product may be different then what you envisioned it as, and as such you must be willing to let go of certain things and to adapt to what is needed. Of course with that said you also have to understand that not all changes are for the greater good, and it's a powerful ability to realize which is which with context.
- evincarofautumn 15y agoYeah, that's it. Well said.
- evincarofautumn 15y agoMoney is important, but interesting challenges rank a little higher for me. If I'd be solving a really cool problem, I'd be willing to take a risk by accepting more in equity than cash. Fliko's comment covers #4.
- tamle 15y agoThis is very good to know... Evincarofautumn, do you think most people similar to you feel this way?
- evincarofautumn 15y agoI can't speak for anyone else, but if I had to hazard a guess, I'd say so.