Startup Advice
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Startup Advice
A simple rule of thumb for what makes an idea venture-scale is having a path to $100 million a year in revenue and hitting $1 billion+ valuation , in 10 years . Essentially, can you get big, fast? This is what VCs need to invest in in order to make their fund economics work. Very few ideas can hit this scale, and it’s important that you recognize... See more
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
If you notice something at your company below standards and don't fix it or make sure someone else does, you have set a new standard.
Complaining about it does not count as fixing it.
If someone gets upset/tells you to stay in your lane, they've set an even worse new standard.
nametwitter.comInstead of doing broad but thin market research (e.g., customer surveys), focus on one person (or a small group) and go as deep as you can, learning everything about how your product fits into their broader lives. Or become your customer—spend a day, a month, or even a few years in the role you're trying to sell to before attempting to build a... See more
Casey Rosengren • The Power of Designing for a Single User
Generally, teams think about switching costs as the amount of time and money needed to install one solution and remove another. But true switching costs are much more than that: they include the politics, emotions, career ambitions, esoteric business processes, competing priorities, and sheer laziness that all favor the existing solution. Those... See more
Jake Fuentes • Lessons learned from a startup that didn’t make it
Choose Your Reason and Season Wisely
Some entrepreneurs build businesses for a compelling, undeniable, passion-fueled reason regardless of their venture’s timeline. Others hop on a bandwagon or try to master a trend and either sink or swim in one short season. Rather than try to compete with a herd of rats who are already decades ahead of you in an... See more
Some entrepreneurs build businesses for a compelling, undeniable, passion-fueled reason regardless of their venture’s timeline. Others hop on a bandwagon or try to master a trend and either sink or swim in one short season. Rather than try to compete with a herd of rats who are already decades ahead of you in an... See more
Rachel Greenberg • The Backwards Hack to Surviving The AI Revolution as an Entrepreneur Isn’t Mastering the New Tech
A solid foundation requires a robust team structure. Hiring individuals who not only have the requisite skills but also align with the company’s culture is crucial. However, building a foundation goes beyond just assembling a team; it involves nurturing and equipping them with the tools and knowledge to excel. Continuous training and professional
i have thought about this hacker news comment nearly every day since november ninth twenty seventeen https://t.co/mz5auDBkKl