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ZestyQuokka
ZestyQuokka
Stealth

What is stopping you from starting up your own company?

2mo ago
5Kviews
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ZestyQuokka
ZestyQuokka
Stealth2mo

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

PrancingPotato
PrancingPotato
Stealth2mo

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

GroovyMuffin
GroovyMuffin
Stealth2mo

Amen. Exactly what I feel, though I’m not in the technical field.

GroovyNoodle
GroovyNoodle
Stealth2mo

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

GroovyNoodle
GroovyNoodle
Stealth2mo

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

ZestyQuokka
ZestyQuokka
Stealth2mo

Can you share more on your journey of raising funds?

GigglyMuffin
GigglyMuffin
Scaler2mo

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.

ZestyQuokka
ZestyQuokka
Stealth2mo

This is why you need Co-founders

GigglyMuffin
GigglyMuffin
Scaler2mo

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.

PrancingPotato
PrancingPotato
Stealth2mo

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)
GigglyPickle
GigglyPickle
Stealth2mo

Myself

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