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Re:Ask HN: Have funds, want to create a startup by vasilipupkin on Sunday May 21, 2017 @09:36AM (#14387226)
You make good points, however, you misunderstood my request a little bit. I am not planning to hire engineers before I have an idea. Rather, I am looking for potential collaborators - engineers who are bored doing the same old thing and want to create something new. Fortunately, for the right people and the right project, I have access to funding. Hopefully, that clarifies things a bit

Also, I do disagree with your statement that ideas have absolutely no value. That's a categorical assertion. Ideas have a lot of value- I have personal experience with monetizing good ideas. I do agree that ideas are only one of the inputs and the details of the execution matter just as much

Re:Ask HN: Have funds, want to create a startup by smt88 on Sunday May 21, 2017 @09:54AM (#14387310)
Ideas have no value for multiple reasons. Other people[1][2][3] have written about this at length, better than I could.

First, they're never new. Someone has already had your idea and, most likely, beaten you to the market with that idea. If they haven't, it's probably a bad idea. First movers have a disadvantage.

Second, ideas should be disposable. If you have an idea and the market won't bite, you need to throw away that idea immediately. Getting attached to ideas kills more startups than anything else.

There's a good reason you can't protect a business idea in the US, the way you can protect an invention or a novel. You can, however, protect a process -- i.e. execution.

I'll give you some honest feedback, which I hope will lead you to a more targeted pitch to engineers:

I wouldn't work with you because you're proposing an idea-first approach, and, as an engineer, I don't need you. I have lots of ideas, and I can build the product myself.

The value of a non-technical person in an early-stage startup is closing sales, ideally before the product is built. If you can't come to me and say, "I have 10 customers who will buy a product that solves [x] problem for around $[y]," then it doesn't make sense for me to work with you.

1. https://www.entrepreneur.com/article/236605

2. https://www.quora.com/What-is-the-worth-value-of-an-idea-for...

3. https://www.forbes.com/sites/jjcolao/2013/04/03/your-idea-is...

Re:Ask HN: Have funds, want to create a startup by vasilipupkin on Sunday May 21, 2017 @10:56AM (#14387581)
Look, you are very categorical in your statements, using terminology like never, always, etc. Why do you assume I am a non-technical person? I am very technical :) I am also not proposing an idea first approach. I am just trying to find likeminded collaborators. By all means, go build your idea yourself if you can :)

Also, online posts talking about how ideas are worthless are just silly. Of course, if you want to sell an idea, that by itself will not fetch any money. But in order to execute, you have to decide what you are going to work on first. At no point did I propose pulling this decision out of nowhere. I am interested in talking to potential collaborators who are interested in brainstorming together. Ideally, it would be engineers who are secure enough ( like me ) from previous success, such that they are not worried about the risk of working on something new

Re:Ask HN: Have funds, want to create a startup by smt88 on Sunday May 21, 2017 @11:12AM (#14387644)
If you don't want to discuss, why post on a discussion site?

> I am also not proposing an idea first approach

Then why do you want to brainstorm? Why do you say the only two things you need are engineers and an idea?

Re:Ask HN: Have funds, want to create a startup by vasilipupkin on Sunday May 21, 2017 @11:30AM (#14387715)
Where did I say that the only two things I need are engineers and an idea?

I want to brainstorm because I am trying to choose what to work on next. I am not going to choose randomly. I am not a random person posting on this site. I've already done big things successfully and want to do more big things even more successfully in the future :)

Also, I do want to discuss. I don't want to discuss whether ideas are worthless ( I have monetized ideas before quite successfully ). I want to discuss the ideas themselves :)

Re:Ask HN: Have funds, want to create a startup by gus_massa on Sunday May 21, 2017 @10:28AM (#14387452)
Assuming you get two collaborators, how will be the equity split approximately? 33+33+33? 40+30+30? 90+5+5?
Re:Ask HN: Have funds, want to create a startup by vasilipupkin on Sunday May 21, 2017 @10:53AM (#14387567)
I think the baseline is to split it equally, 33%, unless there is a very good reason that one of the three collaborators deserves more or less than that. Greed is not what is motivating me at this stage in my life
Re:Ask HN: Have funds, want to create a startup by siegel on Sunday May 21, 2017 @01:43PM (#14388241)
How do you intend to use your own money to fund this startup, then? Unless you intend to just give a straight loan to the company to be paid back with interest at some future date, then this will eventually be an unequal split. That's fine. But just be careful about how you do this.
Re:Ask HN: Have funds, want to create a startup by vasilipupkin on Sunday May 21, 2017 @02:42PM (#14388527)
I'll buy preferred convertible equity probably in addition to common stock, so that I'm both an investor and a founder
Re:Ask HN: Have funds, want to create a startup by siegel on Sunday May 21, 2017 @02:58PM (#14388613)
That's a sensible approach. Of course, then you won't be entirely equal in terms of your ownership in the company once the security converts.
Re:Ask HN: Have funds, want to create a startup by siegel on Sunday May 21, 2017 @02:06PM (#14388328)
One more thing: So, you have a 33-33-33 split. That means you can be fired, unless you build in protections for yourself. You don't want to put in a bunch of money into a startup, get fired, and have nothing to show for it.
Re:Ask HN: Have funds, want to create a startup by vasilipupkin on Sunday May 21, 2017 @02:42PM (#14388518)
I'm not too worried about this at this stage. But I agree with you