Finding people who are not only qualified for the job but also ready to share your vision and commit to it can be really hard.
We covered its NYC launch back in April, and now the startup is announcing a seed round of 0,000 in funding, led by Lightbank and including co-founder Peng T. The new funding will be used to help Coffee Meets Bagel expand beyond its current markets of New York and Boston, to San Francisco, where the startup recently moved its offices ahead of launching in that city.
Coffee Meets Bagel is rolling out slowly because it partners with local businesses to provide gifts and deals to lovers matched through its service, meaning there’s a strong place-based component.
You need to find a technical founder who can deliver.
Apart from the execution, these are some points worth keeping in mind: Have something tangible. # If you are a sales person – Have a killer pitch to sell your idea or start building a customer base.# If you are a marketer – Blog about your product or just run a landing page and collect your first leads.# If you are a UI/UX Designer – Build an amazing clickable prototype.# If you aren’t a designer – Read more about building an app as non-designer. You don’t want to work with someone who is on a full-time position in a big corporation and will be involved in three different startups on the side.
The fact that it’s private – no one else except the two people matched for 24 hours see each other – also makes it more effective.” Like competitor Plenty Of Fish.com, Coffee Meets Bagel offers its service for free, but it also uses a freemium model based around virtual credits to provide users with perks liek the ability to unlock the identity of mutual friends you and a match share on Facebook.
These can be earned by users through various tasks, but also purchased directly, and that represents the site’s primary revenue for the time being.
You need someone who doesn’t just know the tech stuff inside out but can also effectively manage projects, schedule tasks and resolve problems within the team. The first few months of running your own company are extremely hard.
If you’ve ever been a founder, you know it’s blood, sweat, and tears for a long long time down the line.
Kang explains why she believes Coffee Meets Bagel attracts highly-engaged users.
“It works better because it’s simple, private, and fun,” she said.
You need to find somebody who is willing to change the world with you and devote all their time and resources to your idea.