BouncyDonut
BouncyDonut

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! 🤞🏽

12mo ago
Find out if you are being paid fairly.Download Grapevine
BouncyTaco
BouncyTaco

There are structured ways to validate. Assuming it is a B2B use case as you spoke of techies.

  1. Write your plan down in a 6 page document
  2. Build a figma workflow/screens if possible to observe potential customers on how they use it.
  3. Try pitching it to the customers and see whether they’d pay and how much.

Many more ways but the above should quickly tell you whether it is worth keeping in mind or moving onto newer ideas. Having an idea for 2 years without evolving it either through conversations or action is possibly a sign of no PMF. Do the above to find out yourself

BouncyDonut
BouncyDonut

Have done 2 and 3 already - but the product is dependent on analytical data that is personal to the user. Hence, no dummy data can do justice to observing true behaviour. In the absence of a tech stack, it would be impossible to implement actual data flowing in. So the figma prototypes turned out to be useless. However, in the limited flow that I demonstrated, test subjects were pretty impressed with the solution and were offering to pay in the range of $60-$99 monthly. P.S.: its neither strictly B2B nor fully B2C.

BouncyTaco
BouncyTaco

Who is willing to pay $60-$99 monthly? I’m curious about the customer segment. Assuming this to be outside india as this is quite expensive and filters out majority

SquishyNarwhal
SquishyNarwhal

This is the longest post about an idea without mentioning what the idea is about.

Sitting on these two for almost 2-3 years

  1. https://github.com/SS-Croaker/Football-Match-Prediction-Python - this is kinda akin to betting - so already built

  2. https://github.com/SS-Croaker/HMDA-2020-Database - haven't seen a core need for it, it's more of a value proposition

Will make it as a project someday coz no one else will

BouncyDonut
BouncyDonut

“Will make it a project someday coz no one else will” has officially become the motivation dose I needed, thanks for saying that! :)

ZippyMochi
ZippyMochi

Did you build it then?

GigglyMochi
GigglyMochi
Student12mo

Do you have a telegram to connect with you?

Discover more
Curated from across