Myself and friends have had great success meeting technical folks and candidates for co-founders at networking events such as Start-up Weekends (http://startupweekend.org/) and local networking events you find through www.meetup.com such as Hackers and founders, Startup Meetup, Minnesota Entrepr...
Congrats on the success you have achieved in just 3 years! That's statistically uncommon and reveals that the initial focus of the company was effective and worth reviving. Yes, it must be frustrating to feel like you are the only one carrying the company uphill. I've been in a similar position....
I think it's important to understand your business goals before jumping into app development. Have you created a Lean Canvas or something like that? Do you know who the customer is and what they want? Has the developer built anything that they can show, even a mock-up or prototype? It's tempting ...
It's disheartening to know your plight! Don't beat yourself up over it so hard. But you should know that you are not alone in this. Lemme begin with similar qualms. I was agitated over the 'get rich quick' scheme over the internet. The internet as we know is filled with scams. Those voracious ov...
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A couple of things: 1) Picking a co-founder should be treated as seriously as picking your wife or husband. So the best way to avoid conflicts is to really date as long as possible. 2) 50/50 splits almost *never* work between co-founders. Unless you are already very close friends with a lot o...
The answer depends primarily on two factors: 1) Do you have outside investors? 2) Do you have and/or could you obtain a legal release from the co-founder, and after this release, would the co-founder have less than 5% of the company? If you have outside investors in the existing corp and you wi...
What city are you in? Are you talking about your product or do you keep it secret? Finding a team is one of the most difficult parts. Make sure you ask friends of friends if they are interested. People often forget to tap their network to find talent. There are a lot of events that help find st...
Very possible, the hardest part is finding the area of interest. What niche market or opportunity do you see yourself enjoying as a hobby. Enjoyment or purpose is key because passive income often requires putting in some time. At least at the beginning and on going. Here is an example: I'm goo...
If you're bootstrapping, pay yourself less and re-invest in the company. If you've raised money, then pay yourself average salary as you aren't subsidizing and getting more stock (for the $$) as an investor would - so once you raised, then it's a shared risk - don't make the financial subsidy a ...