I hope making this confession will make me feel better. Apologies for the length.
I started a startup in 2007 and convinced a very close friend to join me. We raised about $25,000 from F&F, left New York and moved to Silicon Valley because "that's what you do", right?
We rented a $900/mth flat in San Jose and settled in. The plan was to attend meetups, promote our product, meet VCs and hopefully raise more funding.
Our first VC pitch fell flat because we had no traction. I went back to the drawing board and fell into the killer feature trap. Feature and feature went into the product, month after month went past, and we burned our meagre cash.
We ran out of money. My co-founder went back to his day job but I decided I had to keep working. If anything, to pay my mum back her $10000.
I've finally got the product right, new business model and a few clients, including a subsidiary of AOL.
Here is the problem. Nobody knows that I run the company by myself. Just me, using multiple emails and aliases, doing customer service, marketing, tech support, software development etc.
I'm tired of doing so. I need more people but the company can't afford people yet. My friends are all in day jobs, trying to pay their bills so I can't ask them to contribute more than a couple of hours a week or the normal "can you give me a 2nd opinion on this design" question.
I read yesterday that Omar Hamoui (AdMob's CEO) was a one-man company when he got funded by Sequoia. I wish I could be open about being a one man company but I'm worried I may put people off.
Any advice?
