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9mo 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.

10d ago

How I wish someone had told me this 10 years ago

1. Confirmation bias is the thing that keeps 90% of startups living in the illusion that "it's almost working" for months on end.

7mo 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.

24d ago

A new product has emerged that solves a pressing LinkedIn problem. Feedback is needed.

Guys, at the end of March, this problem appeared on ProblemHunt.

Nika @busmark_w_nika, a marketer from Slovakia, came across it. She was dealing with the exact same issue and couldn't find a solution anywhere. In the end, she decided to build a product for herself and even started learning programming. Recently, she published her first Chrome extension that solves her problem. She's now looking for testers. If anyone is interested in her product and would like to help with feedback she would be very grateful. Her Email: businessmarketingwithnika@gmail.com.

7mo 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.

25d ago

⚡️ 5 New Problems to Build a Startup | ProblemHunt

  1. Georgia: A private breeder needs a platform to find trusted sellers who work for a commission. One helper at 10% commission already boosted sales. Need more people like that.

  2. USA: Need a super simple AI agent that learns by watching your screen and automates routine tasks. Existing solutions are complex or expensive. Willing to pay $10 30/month.

  3. Russia: A psychologist needs an advertising bot that analyzes her workload and automatically adjusts her ads. She is willing to pay for a solution and is open to discussing the details.

  4. Serbia: A photographer moving to the US needs clients. Platforms require reviews, agencies are expensive. Wants a website + ads that bring bookings. Willing to pay $100 300/month.

  5. We conducted research related to this problem "Managing Type 1 Diabetes Without AI Assistance." We found 23 people from different countries and spoke with each of them. They all confirmed that they experience this problem and that it is acute for them. We will try to prepare a document with all the details in the near future.

Guys, we are also currently in the process of relocating to another country due to the war in our country. This process takes a lot of time and energy, so our activity in finding problems for ProblemHunt has noticeably decreased, but we plan to resume it at the beginning of this fall. Thank you for staying with us.

3mo ago

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

3mo ago

⚡️ 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.

3mo ago

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.

10mo ago

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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