My group contains friends I've known since college, from a variety of unrelated majors. We all work on different projects, but we keep in constant contact and offer to each other the brutal honesty that members of our respective teams could not otherwise offer. Additionally, we use each of our unique experiences to identify new problems, and new areas that might be worth pursuing. It's an incredible feeling.
Actually, for a long time, I've been thinking about creating a site that facilitates pairing people together for this purpose. I've been throwing around a few ideas for it, and have a pretty decent idea churning in the back of my mind. How interested would you guys be in a site like okcupid for entrepreneurs?
Moreover, the idea of "start-up" itself is too abstract -- would you focus on tech start-ups mostly? How would your site handle funding? What about scammers? It's an idea I'll probably think about for a couple months, and hopefully write some more about soon.
My site is largely unconcerned with funding right now, there are already excellent resources to get it. And scammers would be wasting their time: much like most startups, lots of people try really hard and get nothing out of it. Why scam the guy you will have to work hard to help and will probably get nothing?
The server is down so I couldn't review the article but I am very interested in your idea, I have been thinking about something similar for sometime as well but on a local level which should be easy in SF. I'd like to discuss this further with you.
"How I Closed My First Round of Financing In Less than a Week Using Only Ten Lines of Code"
I like to think of it as like being investors in each other's companies, but with no money exchanging hands, and no complicated term sheets. Each success for one of us results in more success for all of us.
I view the core group as a long term investment for whatever you are working on. I didn't build the core group just to execute the particular idea for Viximo. In fact, if I think you go into it with that mentality, you are setting yourself up for failure at the beginning.
Great article Brian, the breadth of this article is fantastic.
How does one move between core groups, how many can you be an active member of at once?
He didn't raise $5M in 4 weeks, it took years of laying the groundwork.
If you asked my investors about my history prior to Viximo, they wouldn't have a clue what I had done. It didn't matter. In any case, the point of the article isn't the exact timing of these things, it was a demonstration of what core groups can do. I spent a lot of time evaluating how/why what happened, happened (including my personal history). And I can honestly say, this was the one thing that was 90% of the cause.