Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 10 months ago

MODERATORS

communick@indiehackers.space

"I come with funding, you come with the idea"? (alien.top)

submitted 10 months ago by syrenashen@alien.top to c/entrepreneur@indiehackers.space

8 comments fedilink hide all child comments

Hi everyone, first time founder here of a tech startup that has around $1m in pre-seed funding. I have funding but I don't have a good idea that I'm also excited to work on. I know what general area I want to work in, but I just don't know what problems are out there.

Would it be a faux pas if I go to conferences in this space and try to meet people and tell them that I have funding and want to potentially start something together? I'm technical (AI research/engineering) and want to work in the ocean tech space which I don't have any experience in.

you are viewing a single comment's thread
view the rest of the comments

[–] TomFromOpenScreensIT@alien.top 1 points 10 months ago

Go and network by all means, it's probably best to not mention the fund and just keep your ears open.

That fund should be enough runway for a team of up to 5 people for up to 2 years. So that's what you are getting into basically.

If you are being paid in equity it means you don't get paid a salary, so it isn't as great as it seems, unless you have faith you can make a profitable venture.