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    Startups Co-founder or Lead Developer?

    January 02, 2022

    Startups Co-founder or Lead Developer?

    Co-founder or Lead Developer?

    Posted: 01 Jan 2022 10:05 PM PST

    I have an idea for an online social media platform targeting a niche market. The problem is I don't have any technical skills myself. All of my education and experience is in business management and finance. As such, I'm confident I can run the operational side of things, but need someone to build the software and manage the IT. I have secured enough angel funding from investors to hire a lead developer or contract it out. Should I look to find a technical co-founder or hire a lead developer instead? What are the pros and cons of each? What's the best way of finding the right person for the technical side?

    submitted by /u/ConTrarian88
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    How you've evaluated when searching cofounders for your startup(s)?

    Posted: 02 Jan 2022 06:26 AM PST

    I'm trying to find co-founders for my startup, I fetched some CVs on Lİnkedin and filtered suitable candidates based on their experience.

    I'm planning to set up 2 steps interviews:

    • First --> Learning information about candidates, their potantial/energy/will and most importantly how would be our harmony be like ?
    • Second --> Technical Interview

    What would be your advice as a professional HR? Which questions should I ask and how to evaluate them.

    Thanks

    submitted by /u/midomiii
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    Outside vs. self funding?

    Posted: 02 Jan 2022 06:14 AM PST

    Hi all, I'm new here. 30 YO finance guy with a business idea. I'm transitioning from the ideation stage to beginning to build for a new company idea I've come up with. I'm in a good financial position right now (about 2mill liquid assets) and am faced with the decision of whether to solicit outside funding to get this venture started or to fund myself.

    For some background, the idea is an online community with a specialized engine that solicits and channels member generated content on various topics into easily navigable insights for internal and external users. It will require establishing profiles with different levels of privileges to generate content and a user interface that modifies itself based on member inputs. (I'm a finance guy btw, I do not have experience with web development.)

    This will be my first time founding my own company. Do people generally find outside funding to be an asset or a liability? (Not literally... you know what I mean.) At what stage do people find it most valuable (if at all)? For this type of startup specifically, how far do you think i could get without funding? I work full time currently 40-50 hrs/wk and will only go all in on this if the returns exceed that of my full time job. I can put in about 20-30 hrs/wk. Would investors tolerate this level of commitment?

    A little more about me...

    • I'm also about to start a family and am hoping to buy a house soon, so concerned about soaking up too much of our funds with investments like this which have a high likelihood of failure.
    • I tend to be a fairly opinionated person and don't generally work well with managers I disagree with. Worried about giving up too much control due to a lack of leverage (read users)

    Thanks in advance for all your advice!

    submitted by /u/Pinopry
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