Raising money is a pain in the ass, that I get. Some friends have been asking how they can help us raise that seed round. While I would love their help with connecting me to people that are willing to seed us, is it right for us to give our friends equity (small amount) to help us raise a seed round?
The core team is focused on building the product and have been passing up consulting projects to focus 100% time/effort on this project. While I dont mind our friends wanting to connect us to people that have the cash to fund us, I dont know what the best way or best practice is to reward them (if their connection does indeed fund us in some way).
Part of me believes that my friends should be helping me regardless of what I give them while my co-founders think we should be compensating our friends for connecting us with potentially our seed investors.
Thoughts?
Curious as to if finding the RIGHT cofounder is still a major sticking point for most people just starting out.
were you able to take your idea and turn it into a real product?
assuming you found someone to help you make it, whether with a technical co-founder or you paid someone to make it for you, how long did it take you to finally find that person? any personal hardships you care to share that you experienced along the way?
what resources/local groups/meetups did you use to try to find people to work on the idea with you?
if you havent been able to make your idea into a reality, what is your road block? funding? not able to find a technical cofounder? have you tried to raise money to fund your idea? did you start to learn a new skill to build your product on your own?