What feels like the most difficult part of starting a company?

Raising funds33%

A good idea34%

A good team20%

High probability it fails10%

Other (please comment)1%


4.2k views4 Upvotes9 Comments

I increase both sales and users by getting my clients news coverage. As a result, WotNow app received $250,000 in seed funding. in Software, Self-employed
The founder needs to be serious about it. If they have the funds to invest into it, then why wait for seed funding?

ex. Co-founders had millions in their bank accounts. Despite the app's successful growth, they did not did not have the heart to invest more money into it.

What are you thoughts?
CIO & Digital Transformation Advisor - Independent Consultant in Software, 2 - 10 employees
So far in my life, I was Entrepreneur twice in US building call center technologies and Healthcare IT services. To me, having a good idea which solves real world problems is the first major step one need crossover. However, having investments, teams, ets are next important steps. If we have the good compelling idea and solution, others would flow in.
Group Chief Information Officer in Construction, 5,001 - 10,000 employees
Comprehensive business plan and leadership that can flexibility execute it
Managing Partner, Partnerships & Strategy in Software, 1,001 - 5,000 employees
Building systems and processes to support growth/scale. Not difficult, but takes work.
Director of IT in Manufacturing, Self-employed
Acquiring customers to support growth.
CTO in Software, 2 - 10 employees
Being in the process of it now, what I'm finding most difficult is sales. Ideas are cheap, and it's execution that matters anyways. It's difficult to put together a good team, but once you have some experience, you develop some instinct for choosing the right people. The probability of failing is always there. But without sales, there's really no business
CTO in Software, 51 - 200 employees
I founded 10 companies and in my experience it’s not the idea or money but are people always the hard part.

We can have a great idea and and a lot of money but to run a profitable business you need people with competence and passion that work with you day by day.

You can “buy” people time but not their passion.
Founder in Media, 2 - 10 employees
A good team makes it significantly easier to make smart & fast PMF pivots to ensure your MVO comes to life as a great idea. A good team makes it much ea raise funds as well.
CPO, 2 - 10 employees
Solving a problem that people want solved and are willing to pay for

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