At some point I want to start a startup in the software space but I have no coding experience. What’s the best way to find ambitious people with coding experience to partner with ? Also pls don’t comment “learn to code” thanks
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1. Organize an interesting competition with puzzles to crack on the dark web.
2. Organize/host a hackathon.
3. SF coffee shops?
Build something simple yourself first and use that to attract talent. You can bootstrap a proof of concept pretty easy these days with all of the AI tools that exist.
For context I have founded/co-founded 5 companies, 3 of which are tech firms, 4 of which are still in operations and 1 is in haiatus. I am the same as the OP. I can tell you that the posters here saying things like you better be a good fundraiser and product seller which is true. But the thing you need to consider is that the cost of developing a startup has crashed more than 10x from what it was just 2 years ago. These technical cofounders can now spin up a dozen ideas and market test them befor even needing to raise a dime of capital. My technical cofounder has just spun up another AI company and has like 5K in MRR after 6 weeks of work of which most of that was talking to customers. The development is not the expensive part anymore, what is the expensive part is the tech people spending time on testing out a market.
This is where you as a business side person can create value. Just spin up a simple proof of concept, get a bit of MRR and use that to sell the idea to a cofounder.
Appreciated your comment and everyone else's as well.
Were you working full-time and also working on these startups at the same time?
My plan was to do investment banking for 1 year (starting this summer) and in year 2, begin working on it in the background when I have time.
I have no clue how feasible this is. I am still in the early stages of trying to map this out.
I was yes, but I have the capability to manage multiple projects mostly due to my upbringing and resources. Managing an IB job and a startup is incredibly difficult unless you can outsource 99% of the work. At that point you are almost better off just investing in other startups. Unless you are doing something like a content mill using AI to generate the content I would say that doing both will be tricky.
Serious answer: Ask if your company ideas are feasible to technical people and get a rough estimate of the time you'll need to put in (yours or someone you hire). Then, hire someone to build it, but consult heavily with a variety of technical people on who it should be. Next, convince them to feel ownership of the project and provide all the support infrastructure to help them make it happen.
Next, create a small proof of concept, get customers, pitch your idea to VCs, get funded, and move forward from there.
What can you bring to the table? Ambitious people with coding experience have lots of things they could work on, why should they work with you? I'm not asking you myself here really but you need to actually bring something to the table other than just a 'good idea'.
This. If you want a top-notch technical person - you better be an exceptional fundraiser, seller of the product, team leader, and brain of the companies financials.
The code guy will see you as the classic business douchebag unless you actually built and sold a company before in my experience.
gl
What is your idea / business concept?
Unfortunately I don’t want to share mainly because I still want to purse it at some point and don’t want to give it away rn.
I’ve done good amount of research and found 2 companies (started in 2020) who are doing something similar to what I want to do but don’t have any the features and execution I want to implement.
Oh ok damn. I was really hoping you could post your idea here so I could steal it and make some quick cash. Darn it.
Wantreprenuer mentality. No one cares what your idea is to 'steal' it, if someone even did try to 'steal' it then they wouldnt make it because the only people who have a chance are laser focused on executing and any average joe wont ever put in the work to build something for a vision that isn't his, also - having no competition in your space or no one else taking your idea is a BAD sign not a good one. The best ideas have plenty of competition, it means there is a proven market with proven demand and you wont have to spend time and $$$ reiterating products and educating customers on how to use said products
ideas are a dime a dozen and mean nothing, absolutely nothing. Execution is everything. You can turn on a show like Shark Tank and see someone 5 years from now selling something as simple as lemonade in a can. "Whoa! what a novel idea!"? No. They just had a vision and execute.
Source: Wantreprenuer myself lol but learning from mistakes
I’d really like to start an online poker site, but don’t have the coding experience to fully build it out and I think it costs $300K to buy the software if you can’t do it yourself.
It would be a nice passive income to have though.
8:25
Just curious why do you call yourself a “technical founder”? As opposed to a non coding non technical founder. What technical skills do you have?
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