Zach

Zach

Maker of Fomi

Forums

Get 1% equity in a startup just by sharing your problem? It has become a reality!

Guys, over the past 3.5 months, we encountered one significant issue at ProblemHunt:

  1. Many contributors who shared problems aren't very motivated to provide feedback to developers for various reasons. Even among those willing to give feedback, not everyone agrees to work with more than 3 5 different developers (for context: currently, one contributor receives messages from 7 15 people on average). And without quality feedback, it s difficult to clarify all the details and build a great product.

  2. To solve this problem, we talked to some of the contributors and found out: they are willing to provide feedback much more actively if they can receive 1% equity in the future startup. According to them, this would give them strong motivation to help with advice and actively participate in testing.

  3. Therefore, we decided to run an experiment over the next few months. Now, in the problem submission form, contributors can optionally indicate that they want to receive 1% equity in the future startup. And we will mention this in the publication for you.

  4. By the way, if you currently have a problem and also want to get 1% equity in a future startup, you can seize this opportunity right now on ProblemHunt!

Hey guys! 👋 I'm Boris, founder of ProblemHunt

1. So, how did I come up with the idea for this product?

It's simple: first, I failed 3-4 startups in a row. The main reason was that I was building products that people didn't need. Then I stepped back to reflect and learn from my mistakes. During this reflection, I came across a series of essays by Paul Graham (the founder of Y Combinator) about how to build startups, starting with the search for ideas. I realized that the entire focus should not be on startup ideas , but on the problems that can become the foundation for a startup. And that's how the idea for ProblemHunt came about a place to find unsolved problems that people are willing to pay to have solved.