3 ms·
If you aren't ready to do "the boring stuff" yourself (raising capital, selling, hiring, paperwork), you're not ready to start and run a company. I don't mean t
by yowlingcat 4y ago
If you aren't ready to do "the boring stuff" yourself (raising capital, selling, hiring, paperwork), you're not ready to start and run a company. I don't mean that in a negative way, I mean it in the sense of you aren't currently equipped to do it successfully.
Based on how you've described things in this post (and in the comments) it doesn't sound like you have experience working at an early stage startup as an employee. I would recommend doing that first because it will let you get experience about what you need to do (and more importantly, what you need to avoid) when starting a company. If you find a good founder, you can observe how they operate and absorb lessons through osmosis. You will also likely get a chance to work with great business development and operations folks, who you can then build your next startup with afterwards.
If you don't want to do that (it's a lot of work and will probably take you 1+ years to do), then your remaining options aren't great. You can try to hire someone to do this work, but you won't find anyone good unless they end up owning most of the company as well as the idea, in which case you're really just working on someone else's idea and someone else's company -- which brings you back to what I just described earlier! Another alternative to that is just that you do all of the work yourself and learn very quickly about what the hard parts and easy parts are about starting a company. But I wouldn't recommend that unless you just want to do it for fun and aren't really serious about being successful.
If you're serious about being successful, I think you need to focus on building the right experience and networks to give you a fighting chance at success.
Source: early/founding engineer at 3 startups that either hit $1B+ or got acquired; currently running my own company which I started and successfully raised a significant amount of capital for.