Is it a good idea to build a startup during this upcoming recession?

I had everything planned out and I quit freelancing for a trusted client around Feb. Unfortunately, I had to get an eye surgery March and I couldn't work for another two months, now finally, I am back in full force.

But I am having trouble whether I should be looking for a job or keep working on my startup.

How many of you are actually still working on building your startup rather than looking for a job? How confident are you that this recession is actually to your advantage rather than a huge disadvantage.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

I need advice on deciding what to do with the upcoming clients and their project development

Hi everyone,

I want to apologize for the long post, I tried to make it as shorter as possible but I wanted to be enough clear. I really wanted to talk to someone and get some advice cuz I feel like I’m stuck on a street without exit.

Also, I believe there might be others who are in the same situation as me so I hope this post will help them too.

Let me give you a short background first

Background:

I own a startup that is providing software development services for companies. The startup consists only of me mainly because I haven’t had the chance to grow a team yet but that’s another story.

I already had some clients that helped me built a portfolio and gain a lot of business experience but because the projects were very small (Prototype, POC) the money coming in wasn’t enough ($ 3K – $ 7K). I mainly used them for personal costs and to build a strong new brand, a website, and lead generation strategy – my biggest issue to date to which I believe I finally found the perfect solution.

As a one-man show, I was in charge of estimating some of the projects and developing them. I’m horrible at estimating software projects. I’m a developer but estimating was never my thing. Because of that (and lack of PM experience), I had some issues with too short estimates and receiving less money for more work and in other cases, the client kept adding new functionalities.

Lesson learned! But till today my main issue was that I was working with clients who were too small, didn’t had enough money, and kept losing my time in meetings without any results.

I’m finally changing the strategy and I’m about to launch a strong lead generation strategy that will result in qualified leads with money who can pay.

That’s is one of the reasons why I’m freaking out. In the best-case scenarios:

  1. You can be a small company with a team including a PM and a few developers
  2. You can be a startup but your team (consisting only of co-founders) have at least 2 developers in it; or 1 Dev and 1 businessperson

And you’ll be able to provide solid PM process and strong development while working on other stuff in the company which requires your attention.

In my case, I do literally everything. Outsourcing some of the work to freelancers was a good decision for some of the small projects but I’m not quite sure for a bigger one. I think that might be the best option but I'm not really sure. I don’t know anyone who has been in my situation or a mentor who can advise me.

I literary need 2-3 full months of paid work and I’ll be able to hire 2 devs

What do you think is the best option or what I should really do? I strongly believe there is a solution to my situation but I can’t find the sweet spot yet.

Thank you for taking the time to read everything.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Investor survey results: Upcoming trends in social startups

Voice-based social networks and gaming as a new form of identity were among the top emerging trends in consumer social startups, according to an Extra Crunch survey of top social tech investors. Meanwhile, anonymity and dating apps with a superfluous twist were spaces where investors were most pessimistic.

Extra Crunch assembled a list of the most prolific and well-respected investors in social. Many have funded or worked for the breakout companies changing the way we interact with other people. We asked about the most exciting trends they’re seeing and which areas they expect will soon spawn blockbuster social apps.

Subscribe to Extra Crunch to read the full answers to our questionnaire from funds like Andreessen Horowitz, CRV, and Initialized.

Here are the 15 leading social network VCs that participated in our survey:

Stay tuned next week for a followup article from these investors detailing their thoughts on social investing in the COVID-19 era.

Olivia Moore & Justine Moore, CRV

What trends are you most excited in social from an investing perspective?

First, it’s worth noting that consumer social is very hard to predict. Unlike enterprise software, there’s no rational buyer, and the things that take off can seem “random” or dumb. Startups that see huge success in this space are often pioneering a new feature or way of communicating that hasn’t existed before. Any VC who claims to know what the “next big thing” in consumer social will look like should probably go build it themselves!

Startups – TechCrunch