90 days to a successful startup (or not).
I mentioned in my last post that I'm conducting a 90 day experiment in which I will try to take a startup from idea through launch. To answer the first couple of questions:
Yes, I am insane.
No, I don't sleep much.
No, other than my family I don't have much of a life.
The goal is to see if I can answer the critical question of any startup with in 90 days:
Is this project real or does it need to die?
In my past lives this decision has been a painfully long process.
In my past lives this decision has been a painfully long process.
A couple of disclaimers:
1) I already have a legal entity. In fact I have 4. Which is 3 too many but who's counting.
2) I already have a bank account, credit card, etc.
3) I've done this before. For first time entrepreneurs it takes 90 days just to figure out the difference between a C Corp and S Corp.
4) I have been thinking about this project for a LOOOONG time. I'm not starting this thing cold.
5) I have at leas two other full time jobs. I'm a consultant and I run another start up called Real Good Technologies.
6) I have NO coding skills.
7) I already know a lot of smart people that I'll be using to help guide me. I don't have to forge those relationships but I personally think that part is pretty easy once you put your mind to it.
OK on to the rules:
1) I will spend no more than 90 days on the project. At the end of 90 days, I will publicly launch (for whoever cares) my creation. It may work or it may be smoke and mirrors but I'll launch it.
2) I will spend no more than $10,000. I'll try to raise this through seed investors. This will more than likely be tricky but I'll at least put a cap on the dollar amount in case my idea gets mad traction.
3) I will crowd source every decision I can. Get ready to receive a lot of survey's from me. I'll accept every decision from the crowd accept when the crowd is wrong.
4) I'll try to drop at least one blog per week to share the lessons.
5) I'll accept and am looking for any advice and help.
1) I already have a legal entity. In fact I have 4. Which is 3 too many but who's counting.
2) I already have a bank account, credit card, etc.
3) I've done this before. For first time entrepreneurs it takes 90 days just to figure out the difference between a C Corp and S Corp.
4) I have been thinking about this project for a LOOOONG time. I'm not starting this thing cold.
5) I have at leas two other full time jobs. I'm a consultant and I run another start up called Real Good Technologies.
6) I have NO coding skills.
7) I already know a lot of smart people that I'll be using to help guide me. I don't have to forge those relationships but I personally think that part is pretty easy once you put your mind to it.
OK on to the rules:
1) I will spend no more than 90 days on the project. At the end of 90 days, I will publicly launch (for whoever cares) my creation. It may work or it may be smoke and mirrors but I'll launch it.
2) I will spend no more than $10,000. I'll try to raise this through seed investors. This will more than likely be tricky but I'll at least put a cap on the dollar amount in case my idea gets mad traction.
3) I will crowd source every decision I can. Get ready to receive a lot of survey's from me. I'll accept every decision from the crowd accept when the crowd is wrong.
4) I'll try to drop at least one blog per week to share the lessons.
5) I'll accept and am looking for any advice and help.
6) I have the right to kill it early. After a month or so, if there is NO love the project, it dies right then and there.
Am I forgetting any rules? Drop a comment and let me know.
Cheers,
Chris
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