Kyle
We’re back with another JustDecide.com startup dilemma of the week. We’re sure that a lot of you reading this today, had this exact same dilemma at one time or another.
” I have an idea for a startup, now what”
There are a lot of answers to this question. In the case of this startup dilemma of the week, it’s specifically about co-founders. What happens when someone has a great idea for a startup and no technical expertise. This exact dilemma can be the make it or break it point for a good idea.
In this week’s dilemma of the week there are a few good options:
- Find a technical co-founder
- Raise money to outsource development
- teach myself to code and become my own technical co-founder.
Finding a technical co-founder can be tough. With a technical co-founder, most founders and entrepreneurs are looking for someone to work for equity. This can be a risky proposition to the designer, developer or coder that you’re considering as a co-founder. They may worry that, regardless of the great idea and their technical skills, the startup may never see revenue, or worse, funding.
On the flip side to that of course, is a proposition which could mean millions of dollars to the technical co-founder, should your startup take off.
Raising money without an actual product can be a tricky thing. It gets even harder when you’re trying to do it without an actual product, or a working demo. Outsourcing development can be an entirely separate headache as well. Who knows what you’re going to get when ou outsource and in most cases it’s hard to manage outsourced developers
The final suggestion, teaching myself to code, may seem like a great way to go, after all knowledge is power. The downside to that is regardless of who does the technical work, there will be a ton of other things for the original founder to do, outside of coding.
This startup dilemma of the week turns out to be a lot tougher than you might imagine.
Linkage:
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