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What's the risk in building a company to solve your own problem?

By datalab
September 11, 2018

We have built Rhizata many times - like, more than 10 times - for various startups in NYC, SV, and Austin. In each circumstance, we look at the source code for a web/mobile/IOT products and it is not "built to scale" which prevents the business from growing revenue/clients/signups/funding as fast as they would like.

So, we built Rhizata to solve this problem for all businesses.

My question to the community is - what's the risk with this approach? All feedback is welcome.

Web link: https://rhizata.com
IH Link: https://www.indiehackers.com/product/rhizata

I tried associating our product on IH to this post, but it failed a few times.

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  1. 2

    As others previously mentioned, this question is rather unclear, so I will be addressing the one in the title.

    The biggest risks you take on are...

    1. Time investment. Time is a big deal, and building a product that solves a problem takes a significant chunk of time. Consider first if the problem is worth this (biggest, imo) risk.
    2. Financial investment. Nowadays, with the democratization of tech, this is not a big issue - however, it depends on the problem you're trying to solve.
    3. Emotional investment. Be prepared to invest emotionally on something and the possibility of either success or failure. This is a hidden investment many don't realize when making a product, and it's much better if you realize that you are invested rather than finding out later.
    Sergio Mattei Díaz's avatar Sergio Mattei Díaz
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    8 years ago
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  2. 1

    I don't understand your question entirely. I don't know what Rhizata is either.

    But nevertheless, I will answer with my opinion on the fundamental question in the title.

    I believe that solving your own problem is one of the best approaches to starting a business.

    1. It makes you more passionate about the problem and the solution.

    2. It provides you with a drive you may not otherwise have.

    3. It gives you an insight in to the mindset of your target market immediately, as you are part of that audience!

    Colin Winhall's avatar Colin Winhall
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    8 years ago
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    1. 1

      We thought it was a good approach too. The hard part is now finding people who have also experienced this problem.

      datalab's avatar datalab
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      8 years ago
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    2. 1

      This comment was deleted 7 years ago

      's avatar
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      8 years ago
      1. 1

        Thanks Thomasm1964 - that's it. I also added a link to the original post.

        datalab's avatar datalab
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        8 years ago
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