If you want to work on your startup idea, the bar for starting a company should always be very high. VCs have a diversified portfolio and most of their investments die; you don’t have a diverse portfolio and so you’re taking far more risk than the VCs.
Some ideas to improve your search process:
- Join a specialized community for founders in transition, e.g., Versatile VC’s own Founders’ Next Move. Many generalist online communities also have verticals focused on entrepreneurship, e.g., LunchClub or Meetup. See How to find the right online communities.
- Talk with VCs in your space. Many VCs keep a list of ideas they think have high potential. Versatile VC posts publicly our list of startup ideas we want to fund.
- Engage with a VC which has a formal program to support individuals who have not yet founded a company, but likely will in the future. See our list of Completely Free Tech Accelerators: No equity, no cash cost.
- Join a “Talent Investor”. Antler and Entrepreneur First both pay people a small stipend (~$2K/month) to iterate on and develop a fundable startup idea, and invest in the most promising ones.
- Pay a small fee to a neutral company like Day One, OnDeck, or TackleBox to help you refine and validate your startup idea. Feedback.vc is a panel of VCs who will give you feedback.
- Partner with a venture studio or impact foundry. See The 300* Startups Studios Taking on the World.
- Consider partnering with a software development shop. To get yourself off the ground, consider working with some of the software development shops which are willing to take equity as payment; see Should you co-found your company with a software development shop?
Whatever path you pursue, even if it’s raising VC, it’s critical you fill out your Linkedin profile in detail. If you worked as a product manager at Google, you don’t need details; the job is widely understood. But as CEO of a startup, it’s hard for outsiders to evaluate what you actually did. It doesn’t matter if your startup sold for billions; most people won’t know what it did.