Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

If you have 2 start up ideas, can you run with both or is it best to just concentrate on 1?

And if you run with 2, would this deter investors from investing in 1 of your businesses?

15 Replies

Michael Leeds
0
0
Michael Leeds Entrepreneur • Advisor
CEO & Founder
Do one thing.
Arshdeep Baweja
0
0
Arshdeep Baweja Entrepreneur
Senior Engineer Mahle filter systems
Concentrate on one
Wade Eyerly
1
0
Wade Eyerly Entrepreneur
CEO, co-founder at Beacon
Concentrate. It often makes sense to build a business, in its earliest stages, in the background of a day-job, or educational activity. That said, once you "dive in" a startup will be all consuming. One of the most talented, intelligent human beings I know tried to do two startups at once and as a result they both failed. I'd focus. There's an old adage in football - if you have two quarterbacks you have none. Investors will feel the same way. My advice: Focus. Focus. Focus.
Donavon Urfalian
2
0
Donavon Urfalian Entrepreneur
A.I. Engineer / Entrepreneur / Founder & CEO @ Umazed / Kodo Startups
It depends on what stage you are in both of them. If you are at the idea stage, then you have to focus on one. There are people with talents and work ethics then they can handle two startups, but usually one is already launched with traction. Again, if they are both early stage, then chase after one rabbit, otherwise if you chase two, one will get away. I'm sure you get my metaphor.
Scott McGregor
0
2
Scott McGregor Entrepreneur • Advisor
Advisor, co-founder, consultant and part time executive to Tech Start-ups. Based in Silicon Valley.
If you are a well known successful entrepreneur, like say Steve Jobs, or Jack Dorsey, your past success will be so attractive to the investors who previous backed you this won't be a problem, but few people here are that successful. If you are unknown, chances are your businesses are unfundable except by friends and family anyway, until your ventures show traction. So unless both are already getting good traction this is a moot question, except that your split attention might make it take longer for each to get to traction. You can decide if the delay from split attention would be tolerable.
Sidney Sclar
0
0
Sidney Sclar Entrepreneur
SID the SECURITY PRO at sidthesecuritypro.com
One product at a time. Clients have trouble making a decision with one product, let alone given choices.
Dane H. Madsen
0
0
Dane H. Madsen Entrepreneur • Advisor
CEO, SVP Business Development | Domestic & International, Product Marketing | Open to new connections
Yes - even when you look at Musk or Dorsey as examples of running multiple startups, this was not the intent ( and Musk used is own capital). An outside investor expects you to be focused on the business they fund. It is not uncommon to require a founder to disclose all potential conflicts including other interests. Dane Madsen Dane@DaneMadsen.com [removed to protect privacy] Mobile Sent from my mobile device. Forgive typographical and grammatical errors.
Arthur Lipper
0
1
Arthur Lipper Entrepreneur
Chairman of British Far East Holdings Ltd.
It sure should.
Vinuth Tulasi
1
0
Vinuth Tulasi Entrepreneur
Member of Technical Staff at Stealth Mode Storage Startup
Why do you want to start both at once?
Is it the fear of one of them getting outdated if you start late? or is it that some one else can copy or come up with this idea even before you could start?

If any of this, then I would say, file a provisional patent for one of them or both and concentrate working on one single idea.

The other option is see how you can combine both the ideas into one single mashed up idea.

Rob Gropper
0
0
Rob Gropper Entrepreneur
Director at PetHero, SPC - Member at Eastside Incubator - Principal at Tuxedo Technologies Group
ask Jack Dorsey... or Elon Musk... but if you are a first timer then by the time you get to pitching for funding you should be focused 100% on just 1.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?