What is stopping you from starting up your own company?
Isaiah Denver
Stealth
10 days ago
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
If you are solving right problem and you’ll get funding…you don’t have to worry unless you are seeking unicorn status in first year itself
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Matilda Lee
Stealth
8 days ago
Amen. Exactly what I feel, though I’m not in the technical field.
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
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Jordon Lee
Stealth
10 days ago
Can you share more on your journey of raising funds?
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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.
Jordon Lee
Stealth
10 days ago
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)
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
1. My problem am alone and startup is not for a one man game
2. I don't want investors money until I have enough confidence to utilise to efficiently.
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