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8mo ago

How I spent ten years on 18 projects to understand the fundamental rule of startups

My journey in startups began 10 years ago, and I've launched 18 startups, most of which failed. Briefly on why they failed:
1. Contract Online my first startup in 2015, which was supposed to be an online service for remote signing of contracts for any transactions between individuals. A kind of analogue of a secure transaction. For this startup, I even managed to attract a business angel who invested $16,500.

Reason for failure: I had two lawyers on my team who discovered in the process that the legal framework at the time could not provide reliable grounds for protecting our users in remote transactions. The contracts would not have been considered legally signed.
2. Natural Products In 2015-2018, I became very passionate about healthy eating, but in the process, I discovered that products in all chain stores are full of chemicals, and stores with truly natural products are inaccessible to the majority. Hence, the idea emerged to create my own online platform where you could order natural products directly from farmers at affordable prices.

Reason for failure: For several years, I tried to launch this project, even trained as a baker of natural bread and tried to create my own farm, but in the process, I found that few people are willing to pay for truly natural products, even if these products were only 20-30% more expensive than market prices, and not 2-3 times more, as in premium stores. Hence, the market was so small that all my attempts were doomed.

5mo ago

Are the best startups built on boring problems?

I came to exactly the same conclusion that real startup ideas often come from simple and boring problems. From my own experience: I spent three years on a startup that was supposed to revolutionize online education, but in the end it had 0 users. Now I ve just started solving a simple problem for home appliance repair technicians and immediately got my first paying users on a very rough MVP.

5mo ago

⚡ 5 New Problems to Build a Startup | ProblemHunt

  1. A 3-year search for a simple tool to track both personal and business finances in one place. Nothing fits.

  2. Website owners constantly need minor edits in the admin panel. They are forced to pay specialists for 5-minute tasks. We need an AI agent that does this on command in the browser.

  3. An indie hacker spends 20-30 hours manually cold launching each new product in directories, Reddit, and blogs. There is no tool that fully automates this and proves its effectiveness.

  4. A freelancer often loses in proposal competitions due to the inability to quickly create personalized and visual website concepts for each job order.

  5. A Telegram channel owner is losing their audience without understanding the reasons for unsubscriptions. There is no simple tool for automatically collecting feedback from departed subscribers.

⚡️ 5 New Problems to Build a Startup | ProblemHunt

Hey, Product Hunt Community
1. Argentina: Students between two provinces depend on unpredictable public transport that regularly causes lateness and missed classes.

2. USA: Voice cloning kills the character of a voice, making it too perfect and lifeless. Need a way to preserve natural imperfections without sacrificing quality.

Hi builders! 👋 It’s Saturday. What’s your way to relax and recharge?

My way is daily walks and regular meetups with someone s orange cat who also loves walking with us

The key insight we got while working on ProblemHunt 🦄

The key insight we got while working on ProblemHunt: a startup's success directly depends on the intensity of the pain it solves. Everything else is secondary. This is exactly what Paul Graham (YC founder) meant when he wrote about the importance of solving acute problems, not shallow ones.

⚡ First real validated problem | ProblemHunt

Guys, over the last month we conducted in-depth research. 28 small business representatives confirmed that they experience a background concern about legal risks related to their website, and current solutions cover only ~20 30% of these fears. This is an opportunity for startups the Legal AI market is already $3.11 billion and growing.
Best,
ProblemHunt
Boris and Victoria

⚡ 3 New Problems to Build a Startup | ProblemHunt

Hey Product Hunt

1. No simple, affordable credit layer to bridge payment processors with user balances developers rebuild credit tracking, consumption logic, and refunds for every app.

2. For 5 years, goods have been stolen from the office. There is no available service that automatically analyzes camera footage and sends alerts about suspicious activity.

3. Risk of a LinkedIn ban due to false positive bot detection. Official support is unhelpful. Need a tool that warns about suspicious activity to avoid losing 11,500 followers.
Boris,
ProblemHunt

⚡️ 3 New Problems to Build a Startup | ProblemHunt

Hey, Product Hunt Community
1. Argentina: Startups lose knowledge as they grow. Manual documentation doesn't work. Need a smart tool for automatic knowledge capture and retrieval. Willing to pay from $25/month.

2. USA: Moving with furniture is a weeks-long headache. No service picks up everything and pays fairly. Willing to give up to 50% commission just to get rid of this pain.

3. Andorra: Centralized tracking of tasks, time, and attendance for field staff. No unified dashboard, manual entry leads to errors and wasted time. Ready to investin a solution.
Best,
Boris
ProblemHunt

ProblemHunt - Startup ideas people actually need

Problem: the main reason startups fail is a lack of market need. 42% of startups built solutions that didn't solve real problems. Solution: we manually find people with unresolved problems they are willing to pay to solve.
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