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What are some strategies of getting started with Entrepreneurship And Tech Startups?

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Tech Lead at Taro Community4 days ago

I've been talking with different founders about startups and exploring different getting started with Entrepreneurship And Tech Startups? I also watched several of the Taro videos on Entrepreneurship here. and it got me thinking about when the right time might be to start my own venture. Since I have high tolerance for risk, Could you provide some insights into what are strategies of finding co-founders?

Moreover, what are your thoughts on working on side projects or trial work with potential co-founders before fully committing to a startup? How effective is this approach for building strong, collaborative teams and testing ideas?

Additionally, I remember Alex and Rahul did explore incubators and accelerators as part of this process from one of the Taro Videos. These programs often facilitate co-founder matchmaking and provide a supportive environment. I also got accepted to On-Deck Program for their next cohort for 1 intensive week and thinking about applying to YC in the future with future co-founders. How beneficial are these resources for someone in the early stages of startup planning?

How beneficial are these resources, and which ones would you recommend prioritizing in the early stages of startup planning?

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    Helpful Tarodactyl
    Taro Community
    4 days ago

    Could you provide some insights into what are strategies of finding co-founders?

    Common startup wisdom is to start a company with someone who you know well. Starting a company is pretty tough, so you’ll need to rely on close bonds to get through those hard times. Cofounder breakups are a major cause of startups failing. Look into your network and see who you know well. Prioritize people who know how to code, but don’t be too worried about their coding skills as they’ll figure it out. The most important thing to look for in a cofounder is mainly enthusiasm and how well you know them. My cofounders were college classmates who I took classes with and worked on many school projects with.

    Moreover, what are your thoughts on working on side projects or trial work with potential co-founders before fully committing to a startup? How effective is this approach for building strong, collaborative teams and testing ideas?

    It can definitely work if you don’t have other options. I haven’t had any experience with this method so others can chime in. From first principles it seems like it’ll give you a sense of how you work with this person in a controlled environment. Only issue is it doesn’t test how you guys deal with setbacks, but a trial run is better than nothing.

    I also got accepted to On-Deck Program for their next cohort for 1 intensive week and thinking about applying to YC in the future with future co-founders. How beneficial are these resources for someone in the early stages of startup planning?

    They definitely help in terms of networking and recruitment. many of my friends who work in VC say these accelerators (like YC) pay below market rate but they give a lot of brand name. I even have one who advised me that YC’s the only accelerator really worth taking since the brand is so powerful. So make sure you keep in mind when you join On-Deck. Another thing to be careful is to go through at most one accelerator. Going through more than one accelerator will not only dilute yourself, but is also a signal to investors that you’re inexperienced and have low confidence on your product.

A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model.
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