- Demonstrate to you and your team that your idea is implementable
- Once you start burning cash, and until you reach profitability, time is your enemy
- Successful companies understand marketing is not just promotion and advertising. Industry leaders focus first on the marketplace and identifying market problems that exist and can be solved with technology.
- A great developer will do research, will select the right tools, libraries, and frameworks, and will find the fastest way to get the new parts of the application done.
- Even if you don’t have a lawyer, find ways to prepare articles of incorporation, corporate bylaws, board minutes, shareholder agreement, stock option plan, and employment agreement.
- If you don’t have scaling problems, you’re not growing fast enough.
- People will tell you they know more than you do. If that’s really the case, you shouldn’t be doing your startup.
- Lead through experience and competence, not through title or position
- You will have at least one catastrophe every three months
- To Run a Startup, You Must Stay in High Learn Mode
- People will think your idea sucks. They’re even probably right. The only way to prove them wrong is to succeed
- Network to build investor relationships before you ask for money
- Building a product that is perfect for everyone is impossible! Your two choices are: Build a product that is tolerable for everyone and Build a product that is perfect for a subset, and then let others come around
- Customer service first. Take care of the people who give you money. Everything else grows from here
- Maintain your HEALTH, SANITY, and FRIENDSHIPS
What is the commandment that has guided you to your success today?
