Q: What’s been your biggest challenge as a founder?
The biggest challenge in building Delectant has been raising financing. It’s that way with any big idea, though it’s clearly easier with tangible gadgets and technology. Delectant is not a gadget. It’s a service, offered through employing new technology.
My colleagues and I strive to convince investors that Delectant is the next big thing and prove to them, without bankrupting ourselves, that it’s everything it promises to be.
But investors want guarantees, you have to be seen to be making money to acquire their investment. That’s a Catch-22 situation because you need their investment in order to make money to prove it to them. I haven’t met the investor who goes fully with his gut yet, or who’s willing to write a cheque just because they like me.
So, as the CEO, I have to keep our existing content contributors committed while we’re looking for funding and keep finding people who can source additional content, all while keeping the site looking beautiful. I also have to find ways of monetizing it while courting investors – it’s a lot of personalities and roles to juggle on any given day.