Discover more
Curated from across
ZestyQuokka
Stealth3mo
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
GroovyNoodle
Stealth3mo
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
Stealth3mo
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
Stealth3mo
Can you share more on your journey of raising funds?
GigglyMuffin
Stealth3mo
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
Stealth3mo
This is why you need Co-founders
GigglyMuffin
Stealth3mo
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
Stealth3mo
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
Stealth3mo
Myself