Hey startupers
Long time reader and contributor on my main account. Using a throw away here for anonymity.
I'm going to be intentionally vague. Making my best effort to not be too vague to receive advice.
I'll start off by saving for the majority of my life my primary goal in life has been trying to create a billion+ dollar company and drive the most possible impact to change the world that I can.
Over 10+ years I've tried and tested hundreds of ideas. I've gotten traction with maybe 1-2 dozen. I've made money with a handful, and I've been made sustainable profits with a couple.
Less than 6 months ago I started transitioning from my last successful business. I kept it running and automated myself away with the goal of moving onto the next much bigger thing. This business wasn't anything crazy, but it was profitable and a good source of passive income for me personally.
My plan was to spend spend some time exploring my interests and looking for next startup ideas. I would "reset" and take all the lessons I had learned with the goal of scaling up in my next venture. As much of a cliche as it is, almost before I had realized what happened it found me.
It's been a crazy few months but we have already made over $1M in profit. This has completely shattered my expectations and no doubt my life has changed. For me, this money is life changing and I'm extremely grateful for the success I've found here. It also really goes to show that hard work pays off. I can't tell you how many thousands of hours I've put into companies that have never made any money.. but that's a story for another time.
Now I'm ready to scale this business up to the next levels. I believe there is potential to make this a billion dollar, or even many billion dollar company.
This is where I'm not sure what to do next. I have no previous experience with VCs or any form of funding. I'm willing to reinvest nearly 100% of the profits here because that's how much I believe in my vision of this company. I'm also open to the possibility of taking on funding to mitigate risk, and increase the chances at success.
Honestly, I don't even know what the first questions to ask are. I'm a technical founder. I'm ready to start hiring engineers and begin making the vision a reality but I'm out of my element as far as the funding and or finding advisors to help me in this journey.
I have a cofounder who has joined me and I'm not even sure how to go about splitting equity and how that should best be done to ensure the future success of the company.
I think what I would benefit from the most is having some form of guidance, startup advisors? Where do I find these people?
To anyone who has been in a similar situation, what would you suggest I do next?
Finally I just want to say that I love this community and I'm extremely grateful for everyone here. ? You've been extremely helpful and encouraging over the years.
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