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How lonely is this journey going to be for first time founders? (with no one in family into business for the last 7 generations)

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Indian Startups on

by metalpha

B2B SaaS

Going solo as a tech founder

I’ve had this idea for a SaaS since the last 2 years and I’ve been passively trying to build it into existence but no luck. I tried pitching the idea to few VCs and mentors, all of them seemed to validate it for potential. But again, these are people I know personally and unless they have their skin in the game, can’t take their praises to anything tangible in the absence of constructive criticism. Same case with friends who I talk to - everyone likes the idea, but doesn’t want to build it. The idea doesn’t seem interesting enough for them to consider building it even as a side project. Mostly I believe this is because the product targets an industry where there’s sufficient tech involved - yet very less techies who are building for the space. I’ve personally had experience tinkering with development, but haven’t built anything tangible to fruition ever from scratch. This idea has been around my whiteboard for over 2 years - seems like a super obvious idea for a much needed demand. Back then I thought someone would build it before me and kept seeking professionals for help, especially with no-code and AI code tools. Yet, nobody has seemed to move a needle and the space is largely under one monopoly (startup). I want to take it up as a challenge and build it on my own as a side project and see where it goes. Maybe if nobody has built it in 2 years, nobody probably will in the next year either. That’s good enough time for me to acquire my initial set of users. I badly want to build it bootstrapped, but I know that’s a far fetched dream especially given my lack of technical expertise. Hopefully within 6 months, I should have an MVP - that might attract potential cofounders or investors. Wish me luck, folks! 🤞🏽

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Misc on

by codebreaker

Founder

Why are there not enough folks having entrepreneurial aspirations?

I am addressing folks who have progressed in their careers enough to earn at least 30 LPA. If you are earning this much in India, you are already in the creamy layer of lifestyle. You can afford a decent house, a decent car and probably save up some assets for children's education (A lot of people bring up the expensive school fees). If you get a salary hike from 30LPA to 40LPA, there is a high chance that your lifestyle will not change that much. Your savings will go up, but still it will take years to retire early in either case. It's quite apparent that if you want to improve your lifestyle at this stage (highest-end middle class), you will require an income source capable of providing leverage and exponential growth. Barring a few folks I know, everyone else is busy grinding leetcode, mugging up system design for their next job switch or even worse, kissing ass for the next promotion. Why don't enough people start learning about business on the side and slowly start investing their free time in learning everything they can about it ? I am sure it will be a much better time investment if you play your cards correctly for a long enough time (I am pretty sure this is still a quicker path to riches as compared to 30 years of SIP investments). Note: I completely understand that many people have monthly payment obligations like EMIs. And that's why my question is about 'aspirations'. I am not asking 'Why are people not leaving their jobs to pursue entrepreneurship?'. I am rather asking 'Why are people not even thinking about anything else apart from the next (disappointing) hike?'