The Average Person Can't Just Build a Startup

Can anyone really be a tech entrepreneur? Entrepreneurs are plagued with several problems at the inception of their startup. Issue one is cash. Do you have the money to finance your business. Issue two is skill. Do you have the coding abilities to create the tech yourself. The answer to these questions for most people are no and definitely no. So what does this mean for people trying to break into the tech revolution?

You can't without a ton of luck and help!

The average person doesn't have the network or financial means to raise even the initial funding for a company. Unless you happen to win a business plan competition or a pitch event, it is hard to get the $10K-$50K to start your business. On the other side of the equation is the coding ability. Most people can't code and don't know someone who does. I hear time and time again from friends and peers that they are looking for an engineer. I tell them that they and every startup, big tech company, and major corporation is too. And if you can't find a tech cofounder then you are at the mercy of hourly developers (who aren't cheap) to create your product. No bueno.

Now that I have put all of the bad news out there. What is the good news? At least you know. Now you can mitigate each of these issues without rose colored glasses. It's not easy to create a new startup that effectively tackles a major issue. There is major competition in every industry and sub sector. My tip for people that can't find time to learn to code is to find paying customers before they start. An interesting tip that Wiley from First Round capital provided was to meet with different potential clients months before you even create your product and get pre-sales or at least commitments. This could be going door to door and business to business. Or creating a Kickstarter campaign and raising funds.  Prove there is a market for your product and money and talent will find you.