Those Odds Stacked Against Me

Just what are these odds stacked against me? The one that comes to mind first is, NO co-founder. From my research about start ups, I found that single founder companies fail more often then those with two or three co-founders. The reason being is, there is a ton of work to be done and one person can not do it all. That's not to say that single co-founder companies all fail, there are those who succeed, but the odds are really slim.

Number two odd stacked against me is: Not having a good idea. Now this is something to be debated. Of course bad ideas usually burn out quickly. But what about an idea that doesn't look like a good idea? According to Paul Graham, there are plenty of those around. Facebook, Airbnb, Google to name a few. When these ideas were in there infancy who really thought they were good ideas? Only the founders, and some lucky investors. But the founders of these great companies carried on with the task of building their start up, because they could see the idea was a good idea, and they, probably like me, could not get that nagging monkey off their back, they had to keep building them.

Number three odd stacked against me is: No funding. The surest way to sink a company is no money. When someone starts a new business they have to have funding. The tricky part is when you're building this new business you're not usually making any money. So it's all burn rate money in the beginning. Start ups often use their own money, and then money from family and friends. They also spend a ton of TIME seeking funding. We have some new options now with the new laws allowing crowd funding. There is money out there, but who is going to invest in your start up if your idea does not look like a good idea? And you do not have a co-founder?

So there are three big odds stacked against me. Certainly there are lots of tiny odds to add to that list. How am I going to continue on? We'll I like what the swimmer DianaNyad said today, after swimming from Cuba To Florida this past weekend. She said “Find A Way”. That is what I must do. Find a way.