Startup Advice
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Startup Advice
The importance of getting your problem statement right
first time founders often conflate the macro problem with the micro problem
I see startups who say that their problem statements are;
- we would need six globes to cover our emissions
- under representation of... See more
Pontus Karlssontwitter.comI stepped away from Heap last month, after nine fantastic years.
Here are some things I wish I could tell my 2013 self.
I was excited to write some code, and I had no idea what was in store on the path to 350+ people and a transformative product.
nametwitter.com
the idea here is not to eliminate risk—risk-free projects tend to be incremental. Instead, the goal is to name, quantify, and work steadily to chip away at risk. As a corollary, when presenting an idea for a new project or startup company, be candid about risk—it has the paradoxical effect of making your case more convincing.
Problem choice and decision trees in science and engineering: Cell
I was at Amzn early '00s when we lost 95% of our market cap. Later at FB I negotiated a down-round in '09, and then in '12 our stock dropped 50% post-IPO. I was on the board of a public company that went bankrupt (Borders) and a start-up that went under (Hello). Some lessons:
Dan Rosetwitter.comBut I will say, the thing I try to ask people to do is really take some time to introspect and just ask yourself, do you actually want to be here? If you could magically wave a magic wand and you were to start a new company right now, would it be this one? If it's not, there's no indentured servitude anymore. It's okay. It's okay to move on. And... See more
Reflections on a movement | Eric Ries (creator of the Lean Startup methodology)
How to Scale: Lessons from Stripe CEO | Khosla
khoslaventures.com