I am in the beginning stages of creating an internet-based business. I have identified a need to fill and know I can provide better services than the competitors. The business is similar in scope to LinkedIn, helping two groups of people who need each other to connect so both parties benefit. Social media will be incorporated into the website to help one group of people market themselves to the other group, while a subscription-based service will offer extensive marketing tools.
Yesterday, I had a meeting with two programmers (because I have little knowledge of programming/web development) who are very interested in helping to build this, one of which has 20 years experience working with Intel. I told them that all I can offer is equity in the company as I have just finished school and do not have a steady income yet. (My plan is to get a job while this is being built in order to pay for the cost of anything we need in the future, and in the meantime, study my industry and plan the marketing and execution strategy for when we launch). The programmers told me that it is a pretty complex idea as it is similar to LinkedIn, so it is hard to tell how long it will take to build a working model.
I have been working on this concept for the past three years as I was completing my degree, and have failed to execute three times as I was not finding the right people to build this. However, after meeting with these programmers I feel that one of them is definitely the right fit. He was laid off from Intel and really wants to pursue an opportunity working with a start-up, and may also be able to bring some of his colleagues to the team.
I want to share my story with this community as I am sure there have been many people here who have been in a similar situation. Anyone who could offer any advice to me as I continue forward would be much appreciated.
Also, should I start learning programming/coding, or continue to delegate those tasks and focus on what I know best? (In hindsight, I should have learned programming when I started three years ago, however, I didn’t want to waste time learning it when I could find someone to build it, but here I am).
Thanks for taking the time to read this.
Yesterday, I had a meeting with two programmers (because I have little knowledge of programming/web development) who are very interested in helping to build this, one of which has 20 years experience working with Intel. I told them that all I can offer is equity in the company as I have just finished school and do not have a steady income yet. (My plan is to get a job while this is being built in order to pay for the cost of anything we need in the future, and in the meantime, study my industry and plan the marketing and execution strategy for when we launch). The programmers told me that it is a pretty complex idea as it is similar to LinkedIn, so it is hard to tell how long it will take to build a working model.
I have been working on this concept for the past three years as I was completing my degree, and have failed to execute three times as I was not finding the right people to build this. However, after meeting with these programmers I feel that one of them is definitely the right fit. He was laid off from Intel and really wants to pursue an opportunity working with a start-up, and may also be able to bring some of his colleagues to the team.
I want to share my story with this community as I am sure there have been many people here who have been in a similar situation. Anyone who could offer any advice to me as I continue forward would be much appreciated.
Also, should I start learning programming/coding, or continue to delegate those tasks and focus on what I know best? (In hindsight, I should have learned programming when I started three years ago, however, I didn’t want to waste time learning it when I could find someone to build it, but here I am).
Thanks for taking the time to read this.
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