What is stopping you from starting up your own company?
Talking product sense with Ridhi
9 min AI interview5 questions
I'll start
I don't have generational wealth to fall back on. Have a little saved up cash, which I fear will dry up finding PMF. Then I'll have to go back, now with dejection
I am working on Exponent as a side project but want to pursue it full time. Reason is similar to yours, I'm early in my career (<4 yoe) and don't have a lot of savings to fall back on. Currently raising a preseed round
Some context: Exponent is an exchange where you can invest in creator stocks to build wealth for yourself. Launched with the fantasy app (real money app will be launched soon): https://www.exponent.club
Can you share more on your journey of raising funds?
I can’t raise money to save my life. Something about pitching ideas to investors was not built into me. Furthermore I can spend millions of my own money, if and I had it, rather then spending $100 of someone else’s. Will give me endless sleepless nights and anxiety.
I have created and scaled two SaaS products in the past to the 0-1 stage. But could never force myself to take money from the 3Fs or external investors. So the 1-10 journey never happened.
This is why you need Co-founders
Agreed. Will add it to my xmas list.
In all seriousness, it falls into the 3Fs category I mentioned above. Friends family and fools are the first people I would tap to be a cofounder. But not open to sharing the burden with them.
Finding a co founder outside your circle is a Hail Mary.
Umm…
- Idea (Right problem to solve)
- Courage (Leaving job and starting up)
- Patience (Start up is a long game before you start generating profits)
- Skills (I guess I am not that skilled to get all the pieces moving all by myself)
Myself
had started up earlier once and shut it down but will startup again when I have experience in scaling up products or experience of running a company with atleast 100-200 employees or more
- My problem am alone and startup is not for a one man game
- I don't want investors money until I have enough confidence to utilise to efficiently.
This is why
We pick and choose the game we play and I don’t want to play this game for now.
Mostly in same boat. Experienced. Have started company before but shutdown for scaling issues. Confident can build a product that'll solve a problem. Bring a few other skills to the table. Willing to meet in person and discuss ideas in Bengaluru
Why scaling issues occurred? Could you explain a bit more so that we can learn something?
Identifying the right problem that people are looking for and also something that my skillset can solve.