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>> 1) you (or your partner) do need domain experience and expertise. If you want open a bakery, or even try to automate a bakery, you really need at least some
by TuringNYC 3y ago
>> 1) you (or your partner) do need domain experience and expertise. If you want open a bakery, or even try to automate a bakery, you really need at least some commercial baking experience. I see so many folks pitching a product in an area where they have zero experience.
I'd love to deep-dive into your example. Lets say this is the case.
Suppose you are the technical co-founder coding for 80hrs/wk. Does the baker also work 80hrs/wk? Can you just hire a baker as a consultant for 5hrs/month? Is that worth giving away 50% of the quity? Are they just providing some domain expertise you can buy a la carte, or are they bring in sales and critical relationships? Are they just another baker, or President of the National Baker's Association who will get you front-row exposure to thousands of bakers?
- jschveibinz 3y agohttps://news.ycombinator.com/item?id=14070135 https://news.ycombinator.com/item?id=14070135 Prior discussion on 80 hours a week.
- TuringNYC 3y agoI agree with the discussion that this isnt typical for programmers (employees) but I think for founders it is very different. A successful founder has to put in so much. Even when you arent working, you are often working -- that might mean lunch with a potential investor gatekeeper or a soft pitch to a prior colleague who might refer you to a client. Or working the room at a conference. Or speaking to a lawyer on the phone even when you're at the playground with your children...because otherwise you might lose some critical client sale in the redlining process. I dont think I've ever worked as much as when I was a founder. There is also the sheer leverage you have over the business and outcome. Every hour invested can mean so much.