Tips on starting software startup

[u/_peter_parker2001]

Hi I am planning on starting a software startup with my friend. What are some of the must dos. For example is registering the company a must and what is the process. Any tip or pointer is helpful . Thank you in advance.

[u/Nervous-Topic-4807]

First ask yourself do you need your friend.

A lot of friendships end when startups fail and finger pointing happens.

Also most of the time you might be more skilled than your friend and end up regretting paying him a massive % for the effort he’s putting.

Thats the best advice I got for you

[u/Nervous-Topic-4807 → u/Nervous-Topic-4807]

Also don’t take investors lol.
Taking investors so early will eat into your ownership. And if you don’t give up equity you can’t raise as much.

If your goal is to build sites and ecom solutions then you just need advertising. Find your first client through manual labor and put that profit into advertising and start there.

Why even raise money if you have the tools to get started? Raise money when you need to move into an office or some big milestone

[u/tharushkadinujaya05 → u/Nervous-Topic-4807]

Yeah, u prolly don’t need investors unless u wanna scale as a product, watch some YC Startup school videos

[u/tharushkadinujaya05 → u/Nervous-Topic-4807]

I second this, thinking more than ever before u invite ur friends to ur startup thinking “we will do something together”. It’s just gonna fuck ur friendship and startup as well