How do I learn more about entrepreneurship/startups and maybe starting one?
3 by jptboy | 1 comments on Hacker News.
I’m currently a fullstack dev at a big tech company in SV. I graduated college with a CS degree a few years ago and my friends and I want to potentially start a startup with are in the same boat. We understand that 90% of startups fail, but we want to try something new and we would be happy starting a self-sufficient small cash business. I took an entrepreneurship class in college where we read the Lean Startup. My mental model of creating a startup is this. This could be completely wrong and probably is but it's the idea that I developed in my head in college. Steps could be out of order as well, and there might not be an order to these things. 1.Think of an idea/ find co-founders (starting a company with friends has risks) 2. Interview possible customers and see if this idea solves a great “pain” they are having. A “pain” for Patreons' customer would be that before Patreon existed it was hard to earn money from fans as a content creator. 3. See if enough people have this “pain” to even pursue the startup. 4. Make a financial model and figure out the business strategy and how the business will make money 5. Make an MVP/proof of concept and try to get customers that pay you on day 1 6. Grow/market and gain more customers??? No idea how this works 7. Secure funding or be self sufficient cash business? Pitch to VC/investor??? No idea about this There is a lot of marketing, sales, financial modeling, and accounting that goes into this. My colleagues and I just know about tech (embedded/ systems, fullstack) and a little bit of entrepreneurship from the lean startup. What's the most efficient resource to learn more about startups and these concepts? A buddy of mine from college whose startup recently got 200k in seed money told me to look at free videos/materials from incubators/accelerators. Are there any other books or resources Hacker News recommends? I’m probably wrong on a lot of what I think I know.