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Am I a Founder? The Adventure of a Lifetime. « Steve Blank

Steve Blank

Posted on June 11, 2009 by steveblank When my students ask me about whether they should be a founder or cofounder of a startup I ask them to take a walk around the block and ask themselves: Are you comfortable with: Chaos – startups are disorganized Uncertainty – startups never go per plan Are you: Resilient – at times you will fail – badly.

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Snaptrip case study – Solo founder hypothesis in action

The Equity Kicker

With no team and no technical expertise Matt was planning to find a team and build out some product before starting to raise some seed money. FINDING A COFOUNDER. His hypothesis was that consumers were moving towards last minute bookings and there was a gap in the market. USER RESEARCH.

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Where to Get Feedback on Your Business Pitch

Up and Running

They ended up with a nice pitch, and approximately $300K in seed money.”. He warns that although quality and prize money vary from competition to competition, they can be a great way to practice pitching in a setting designed for getting feedback. Where do you find a mentor?

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The Future of Web Startups

www.paulgraham.com

And in particular, younger and more technical founders will be able to start startups than could before. It would be better if both were combined in one group, headed by someone with a technical background and some vision of what they wanted to accomplish. And that required very different skills from actually doing the startup.

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Timing: When to raise seed funding.

Scalable Startup

High growth startup companies need seed money to get things going. They need the money to rent offices, hire staff, and establish their initial presence (website, incorporation, marketing). At this stage you’re essentially selling yourself and your cofounders. Without funding most tech startups will die.

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From Nothing To Something. How To Get There.

techcrunch.com

Post launch, if you gain traction, is where the business person will help take the load off of the technical folks. The business person can take all the meetings while the technical folks work on making the product better. Ron Oh and another factor to bring reality to the table - Sometimes you find out your cofounders suck.