I’m going cut right to the chase here. Though the NewME Spring cycle is only 2 weeks old I’m quickly beginning to realize that start-up/founder/entrepreneur density is critical to the success of new business creators. I actually wish we were closer to the epicenter but I’m thankful nonetheless. Now back to what I was saying. For me, I first realized just how important density is/was when I started to get to know the 5 other founders in the house. In some cases their co-founders stayed creating a very rich and diverse knowledge and skill base. Having individuals in similar phases of their product/business development proves to be incredibly valuable. Here’s why:
- You receive great feedback on what you’re building and fellow founders can be extremely resourceful
- Accountability. As a solo founder I currently don’t have someone to keep me focused and help me stay out of my own way. This is incredibly important.
- Depending on what you’re building they can be great first customers, though you have to be careful not to let the growing friendship and knowledge about your product skew or cloud your judgement. It’s important to maintain your focus on building the right business
- The energy is irreplaceable. For Atlanta this is best experienced co-working spaces like Strongbox West or Hypepotamus in San Francisco it’s in almost every neighborhood. Can’t beat it.
That’s all for now, I just thought I’d share that thought. What you do you think? What did I miss?