- Find Co-Founders: One of the biggest challenges for many entrepreneurs, particularly first-time ones, is finding appropriate co-founders. There’s evidence that the probability of startup success goes up with the number of founders. The reasons are mostly obvious [Note to self: Write future article about this so called “evidence”]. Most of the people that you would deem “worthy” to join you in your startup are likely going to want to learn a ton about you. A blog is a great way to communicate your passion and vision and find like minded people. Though you could go to networking events, have speaking engagements or do other promotional things, a blog is much more efficient.
- Find Employees: Similar to the motivation above. If I were an employee looking to join a startup, I’d want to read about how the founders were thinking about the business before I’d join. We’re entering another tight labor market and it’s getting harder and harder to find and recruit the right kind of people. A blog can help you make sure the right people find you (and select you).
- Find Early Customers: Though success in the blogosphere is often fleeting, and only attracts the “early adopter” types, getting these early customers is still important. A lot of these people read blogs because they’re passionate about the area that they work in.
- Get Early Feedback: A blog is a great way to start getting feedback (some good, some great, and some crap) about your product idea and strategy. I’m not a big believer in “stealth mode” (for most startups), and lean towards getting some type of external market validation early. A blog provides a vehicle for those that are passionate about the area you are working in to let you know what they think about your offering. If they think your product sucks (and it actually may), at least you have a chance at finding out why.
- Find Investors: Not all startups need to raise capital, but some do. If you’re thinking about raising funding, a blog is a great way to communicate the “larger vision” of what you are out to do. Investors also look at what kind of “street cred” you have in the blogosphere. At the core, investors are looking to properly assess the “risk” associated with your startup. Any evidence you can show that you have a clue about what it takes to succeed in today’s competitive landscape helps. Show me a startup that has 20,000+ visitors a week coming to its blog and I’ll show you a startup that has a higher chance than average of raising funding.
Re: OnStartups.com