A startup’s initial problem is usually what the product should be and how to get the first users. It may sound like those are two problems, but they’re not. Ideally you solve them simultaneously, and the process of trying to get users shows you what the product should be.
- Paul Graham
And you have to fully explore the problem and solution space for your specific problem. You want to be able to FULLY understand every tiny aspect of that space. Only then will you be able to build a product that can cover the entire space and does not miss out on important parts.
Advice
- Launch now
- Build something people want
- Do things that don’t scale
- Find the 90 / 10 solution
- Find 10-100 customers who love your product
- All startups are badly broken at some point
- Write code - talk to users
- “It’s not your money”
- Growth is the result of a great product not the precursor
- Don’t scale your team/product until you have built something people want
- Valuation is not equal to success or even probability of success
- Avoid long negotiated deals with big customers if you can
- Avoid big company corporate development queries - they will only waste time
- Avoid conferences unless they are the best way to get customers
- Pre-product market fit - do things that don’t scale: remain small/nimble
- Startups can only solve one problem well at any given time
- Founder relationships matter more than you think
- Sometimes you need to fire your customers (they might be killing you)
- Ignore your competitors, you will more likely die of suicide than murder
- Most companies don’t die because they run out of money
- Be nice! Or at least don’t be a jerk
- Get sleep and exercise - take care of yourself
Source: trust me bro, linkedin