667 karma · joined April 13, 2008
poolside.ai
http://thefunded.com/funds/show/OpenView+Venture+Partners?vi...
"A single conversation with a wise man is better than ten years of study." - Chinese Proverb
I currently still think I was wise to stay in stealth because my idea has no barriers of entry. However I am going to change my timeline and start being more open soon. I hope to have a private alpha in a few weeks time.
In life it is hard though to find people who you truly connect with and can trust. I do know that when you meet them you recognize them straight away. I haven't been able to find these developers yet, most likely because I am in a location where there is almost no startup scene. However I am determined to find them and build an amazing startup as a team with no secrecy.
Thank you. Your comment summarizes the response I've had from a lot of developers and you are right. However there are a few details I should have but didn't explain. For me it's only temporary to get the foundation ready - the startup itself will have a full team. I am also doing this to give myself time to continue to talk to possible investors and decide where I want to locate.
Will I then throw away all the code and start over?
No and this is why: I have two user interfaces, one for the web and one as a browser extension, in any case they would have been developed by different people. They're two completely independent parts. As last I have the backend, a complex database structure but is setup to only accept a few easy and standard queries. The rest of the queries are handled on database level.
Looking at one of these parts you can't find out my completive advantage, looking at them all together you have my startup. I am incredibly aware of the risks I take with this and especially if I switch developers the problems that can (probably will) come up. I find it harder to read other people's code then to start from scratch and make it myself. Therefore all the complicated parts occur on database level, the code I wrote myself. So no matter what happens there will always be someone in the team (myself) who can work on that, or explain it to others.
Especially failing with a Web 2.0 startup, which is linked to factors of timing and luck that are often out of your control.
My parents have been supportive since day 1 I picked up a programming book together with a business book; determined to create an e-commerce site for a local retailer. To be honest I see myself more as a business oriented person then as a hacker, but I thoroughly enjoy writing code nonetheless.
While in high school (I am now in my last 3 days) I had to travel a lot for various business projects and all throughout my family has supported me and never stopped me to pursue my dreams and goals. Since September '07 though, my IB diploma has been my primary focus and I've had to put off my goals and ideas up until this Friday. I fully agree that work experience adds tremendous value to your chances of success because theory never quite cuts it in reality. For anyone reading this, my age or younger I can not stress enough to go out and get an internship at a company in the field you want to later be in. Get experience by listening to those older then you but never shy away from giving your input. The most important lessons I learned from real-life experience are:
1. Only surround yourself with people who want you to be successful. Find those people that have integrity and character and don't bother with the rest.
2. Never underestimate the power of networking, and make it one of your top priorities for your business.
I am about to launch my first full blown company and will go to India for 2 months to work with a development team. It's an exciting time and my parents are very supportive of me and have faith in me. Which provides you with a great basis to start from because you'll run into enough people who won't.
I feel there is an importance to put a face to my company because I believe I can better share my enthusiasm and passion.
Personally I've read my fare share of literature on business plans but must say the book "The Definitive Business Plan" by Richard Stutely stands far above all. It's not written with a specific focus for a Web 2.0 firm but will give you a really clear overview of what you would want to include.
I hope I have been able to be of some help.
Best regards,
Eiso Kant