• 0 Posts
  • 21 Comments
Joined 1 year ago
cake
Cake day: October 27th, 2023

help-circle



  • Naaahh, even experienced coders are usually shit at building an product from scratch.

    By the time you can hold your weight, it’s already too late.

    Play your strengh, time is the most critical asset of a company you can’t waste it learning a skill that is impossible learn from zero to master in a 2 years.

    It’s always nice to understand things because it makes discussions sooo much easier but you don’t need to code.

    Anyway after a year with your cofounder don’t worry, you’ll understand a lot about code and requirements because your tech founder will be annoying you constantly about that:

    This works like this [proceeds to monologue for 30 minutes], We can’t do this, we can’t do that, we’d rather do it like this, we’d rather do it like that, this is easy, this is hard, this is easy, this is expensive, technical debt …

    “Off course I know him, he’s me”


  • I’d only buy into it if YOU are en entrepreneur that makes at least 10x my yearly revenue

    Around 1x if you already made exits or your businesses are much sexier than mine. (arbitrary)

    I’m currently at 5M-10M$ yearly so I’m not very eager to pay to see things from people less successful than me obviously.

    I’m definitely not a successful guy and definetly not “there” yet. So it has value what you are trying to offer.

    But are YOU the guy that can offer it ?

    Wantrepreneurs will most likely like your idea so there might be a huge audience over there.






  • We use some openAI in our product because it was easier to implement, I could switch tomorrow to a competitor.

    We aren’t needing top notch generative AI, we need something closer to GPT3.0, ChatGPT 3.5 is already a big shot. chatGPT4.0 isn’t needed.

    GPT4 is way too powerful to have any use in a structured product where much weaker models, finetuned or specialized models would do the job just fine if not better.

    Don’t get me wrong, I use chatGPT4 daily to help me coding


  • While many try to approach it with the mindset of holding tight to your shares, for most people that will just jeopardize their chances of success.

    “33% of something big is better than 100% of nothing”

    A technical project won’t get very far if you don’t have expertise internally that would mean long term full time employees or a technical founder from day 1.

    “It’s quite hard to start a shoe repair business if you can’t repair shoes yourself”.

    While building a tech product requires many skillsets, the main one required for an MVP being: Viable and Product.

    1. Viable: You’ll need someone that can generate large amount of money without a product.
    2. Minimum Product: You’ll need someone that can create a minimum product without much money

    These two constraints are why a technical cofounder is almost a requirement otherwise costs for your product will quickly skyrocket way beyond reason and way before you have any kind of revenues.

    Given your question: you don’t have 1M$+ to start your company with VC friends that’ll pour in 5M$ in a year or two. You won’t be able to “buy” your way into a product, you have nowhere near enough money.

    Our M[V]P (without the viable part) building took 12 months with 2 full time dev as founders. In our jobs we left (the 3 of us) were paid 12k€ (dev) 10k€ (dev) and 10k€ (biz) monthly.

    if you were to pay 20k€ montly to have an MVP in about a year it would mean you are a PO of some kind. But it would still mean 250k€ for your MVP if you are an experienced PO. Myself as a senior dev, if I were to hire people it’d have been at least 1M€.

    Startups need time in order to become successful, to find customers, get feedback, find partnerships until finally you become profitable. A 10k€/month burden might cripple your chances of success if you start small, you’ll have to start BIG.


  • The usual thing is that:

    “It’s harder to run a shoe repair business if you can’t repair shoes”

    Start by limiting the consulting to services you, your partners, close friends or existing contacts you already have can deliver.

    You can get some true external consultants, but that’s a bonus for later when you have a customer base.

    It’s a problem like this one: “Should I hire or get customer first ? without customers I can’t hire and without hiring I can’t get customers”
    --> Disregarding an important variable might transform an easy answer “work yourself until you have enough work to hire” into a chicken and egg problem.

    You need to offer the deliverable internally for very long, it’ll take very long before you can fully externalize. Even then the internalized service might still be the most popular.




  • They think their “idea” is novel

    It’s usually either a dead on tested and competitive entire market or somekind of worthless unmonetizable products.

    Either “paper towel but soft and without the center part” or “chewing gum for the next week after being in space for astraunauts”.

    Either someone that can’t for the love of god even use google or someone that somehow believe a niche missing competition might just never be because it doesn’t exist to begin with.

    Sharing the idea is against the rules for wantrepreneurs because they now have to act, they know that real entrepreneurs will mock them for how little they even know about their own hypothetical market and product.

    They are usually less knowledgeable about their “own market” than a rando entrepreneur in a completely unrelated field.

    Most people that think their unique ideas have any worth are usually at the “peak of mount stupid” of the Dunning-Kruger curve.


  • You are asking to the incorrect people

    For everyone: this is an example of invalid market research

    You can’t ask reddit active commenters something and expect anything useful comes out of it. It’s like if youtube asked people what kind of ads they liked.

    The whole process is flawed because you first get an interaction bias: Only people that actually comment will respond to you (like me), it’ll skew so much the outcome that you’ll be led to belive false things

    Then you get the kindness (or not) bias: where people try to be nice to you vastly over stating their actual response should you try to expose them to your product

    You need to ask *sales* reddit, that’s the correct spot. Either that or run A/B tests yourself until you start getting better results.



  • The most valuable asset in a company are its customers and its money

    You have neither of those

    You have Zero ressources

    You clearly lack skillset to develop the product you ought to build

    You have no idea about how to acquire customers

    You are THE useless part in your own hypothetical team

    Ideas are like rock bottom USELESS, you’ll get a big mac (or a pizza) for it at most

    Don’t go around thinking that an idea might warrant you even more than 10$. GET THIS OUT OF YOUR MIND

    Any person who is an actual entrepreneur will LAUGTH at you if you go on saying those kind of statements

    Any wantrepreneur will be delighted to speak with your vapeless words, you’ll become best friends and still won’t build a damn thing together because you like pretending not doing.


  • No real SaaS has their acquisition in listings, it’s like the annoying thing you have to pretend you are doing for public image. I have a 5M-10M yearly SaaS and I don’t care, I know many other founders and they also don’t care. You don’t reach a good scale working with peanuts and bananas, that what’s monkeys do.

    Now that comment aside

    -----------

    0$ for the competitor listing lists no purpose for any company smaller than unicorn level

    1. Similar web exists and works just fine for useless research / ego research
    2. Google Ads allows me to see who is *actually* bidding on the same keywords as me on the same markets, a precise list with numbers. No need to guess
    3. I don’t care about competition I’m not Google facing Facebook. My company is no-one, whatever I lose isn’t because someone took it, it’s because we failed to deliver.

    ------------

    0$ for the list of “reviewers” that are actually just affiliate guys getting paid to show a product, it doesn’t work for 99% of the businesses, I won’t pay someone to list me ways to lose money.

    -----------

    I’m paying a PR employee that manages online presence and response/post including social media, review sites and other externally public communications, it’s quite cheap so around 1k$ per month.

    This person/agency might want to use tools to speedup or help work, at most we could pay 100$ monthly for couple critical tools.

    ----------

    Constructive outcome:

    If you tool allows the PR and social media guy of a company to work faster, listing all new review (especially bad ones), new post, answers, where you are tagger etc…

    A tool to ensure correct converage of the online presence aspects to those then *yeah* it fits a purpose.

    Companies owners likes to talk about competitors but they don’t care about them at the end of the day, there are more important things to be done and those are the things that drive the business forward.


  • There’s no way to learn coding without ever writing a program

    There’s no way to learn electronics without ever building a cricuit

    You won’t ever make anything “entrepreneuring” if you don’t entrepreneur,

    There are like 1000000 things you need to be able to do properly, if you keep waiting until you are confortable with 1 thing before moving on to the next, you can go on for your whole life without ever launching. Most people are stuck there, waiting for whatever misterious things.

    When you need to master a thousand things you can’t expect in any reasonable way to master all of them before starting. You need to learn the minimum acceptable proficiency at those skills while doing your business and improve skills that are holding you back continuously. You build upon that, you don’t master useless skills, you don’t master skills that are “useful” but aren’t brining any value to you. You certaintly don’t spend your most valuable asset : time not bringing any value to you.

    bla bla, learning isn’t wasted time, bla bla … Then why aren’t phd in economy or business not the most successful people on earth ? because it’s worthless to learn/master a skill without any way to use your skills, you’d rather learn the skill “create more opportunities” so that you lack of every other skills is compensated by the “other opportunities”

    The most valuable skill of entrepreneurship is either resilience or “opportunity finder”, be either staying alive or always finding life. Those are skills that you only learn through practical means. If you have any of those you are probably already a successful entrepreneur.