Sometimes the Simplest Ideas Are the Best: BuildV1

buildv1.jpg

If you’re an entrepreneur, chances are you’ve run into this problem: you come up with a great idea, a brilliant idea, an idea you can’t wait to dig into, but you can’t find the right business partner. In fact, if you’re an entrepreneur, you haven’t just run into this problem once, you’ve probably run into it a dozen times.

Even with a large network, it’s extremely difficult to find someone who’s passionate about your idea, gets it, has the right skills, and has the ability to jump from whatever they’re doing into a new project. It’s a major pain point, and it’s not easy to solve.

My friend Eric Stephens showed me something he’s been working on today to help stop the pain. It’s called BuildV1, and its aim is simple: to connect entrepreneurs. You post if you need help growing your startup, or if you’re looking to get involved with a startup. Browse postings on the site or via RSS. That’s it.

It’s so simple, it almost seems like it couldn’t possibly work.

I think Eric’s challenge here is a tricky one: To get enough of the right kinds of entrepreneurs on the site to make it worth using, but without letting it get so crowded that the wrong kinds show up and noise increases. Down the line, he can do this by segregating on location, industry verticals, company size, etc.

For now, the challenge is getting people to show up. I hope he can do it, because I could really use a site like this.

Link: BuildV1

Posted on 26 July '06 by Amit Gupta, under Business, Entrepreneurship.

5 Comments to “Sometimes the Simplest Ideas Are the Best: BuildV1”

#1 Posted by Nathan Waters (26.07.06 at 06:50 )

Very interesting, I like the idea.

But as you said, implementing the thing will be a pain in itself.

I think for a business partnership to work you need to know the person in a more long-term sense than just finding them on a website looking for a partner.

You’d want to know what experience they have, what are their goals, their passions in business, their strong and weak points, their backgrounds to an extent both personally and with business.

And that’s before even looking at doing a partnership. Once you start looking at a partnership you then need to be sure that both of you are on the same level, have the same vision and goals for the project and can keep each other motivated to achieve success and stay in for the long run.

Soo… a suggestion for BuildV1 could be to focus on creating an application that either builds these long-term business relationships over time, or to develop the application as a place where already established relationships (perhaps through an online forum, instant messaging/chat, or social networking site) can workout their compatibility on the particular proposed business project and perhaps even quickly draw up a collaborative business plan, partnership agreement and even an on-going workspace for the business partnership to utilise.

What do you think?

cheers
nathan
http://www.nathanwaters.com

#2 Posted by Amit Gupta (26.07.06 at 10:58 )

Hey Nathan,

I think you’re absolutely right that finding the right business partner requires a whole lot more than just a few minutes reading profiles. Nobody would choose a partner that way.

But I’m not convinced BuildV1 needs to build structure around the connection to get two potential partners to get to know each other. If you find someone interesting on the site that you might want to work with after reading up on his/her background and experience, then you make contact and get to know them over whatever channels you are most comfortable with (in person, email, voice, etc.) They sure *could* build a lot of extra stuff around it, but the simplicity of their implementation is really what attracts me.

Amit

#3 Posted by AdamD (26.07.06 at 14:06 )

I would add that maybe what BuildV1 will be best at is connecting people first for fun side projects. They can discuss ideas and build something simple together. Once they know each other, maybe they will work on something bigger.

#4 Posted by Eric (27.07.06 at 00:18 )

Amit, Nathan, and Adam,

Thank you so much for your feedback!

I wrote a detailed response to all of your thoughts on my blog: http://blog.buildv1.com/article/13/the-cat-is-out-of-the-bag

I’d love to hear your feedback on my post.

Thanks

[...] Thanks to Amit for showing me BuildV1 and Ryan for pointing me toward Cambria House. [...]








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