If it works out, you're going to be working on this for 10 years.
The thirteenth search engine- and without all the features of a web portal, most people thought that was pointless.
It's better to have a few users love your product than for a lot of users to sort of like it.
Growth and momentum are what a startup lives on and you always have to focus on maintaining these.
Before product/market fit, your only job that matters is to build a great product.
The idea should come first, the startup should come second.
Long term thinking is so rare anywhere, but especially in startups. This is a huge advantage if you do it.
I myself used to believe ideas didn't matter that much, but I'm very sure that's wrong now.
Momentum and growth are the lifeblood of startups. This is probably in the top three secrets of executing well.
You have to let your team get all the credit for all the good stuff that happens, and you take responsibility for the bad stuff.
You want to think about what is the path for my first 10 or 15 employees going to be as the company grows.
Facebook has this famous poster that says move fast and break things. But at the same time they manage to be obsessed with quality.
... if you talk to say any of the first 40 or 50 employees, they all feel like they were a part of the founding of the company.
Share results (financial and key metrics) with the company every month.
Most startups are not nearly focussed enough. They work hard...maybe, but they don't work hard on the right things.
You can't be focussed without really great communication
If you compromise and hire someone mediocre you will always regret it.
If you want something in a deal, just ask for it.
In the early days of a startup, people's compensation is whatever you negotiate with a founder and it's all over the place.
Developing a personal connection with anyone you're trying to do a big deal with is really important.
You can basically change everything in a startup but the market.
You have to find a small market in which you can get a monopoly and then quickly expand.
The thing that kills startups at some level, is the founders giving up.
You want an idea about what you can say. I know it sounds like a bad idea but here's specifically why its actually a great one. You want to sound crazy but you want to ask to be right.
... and you can only have 2 or 3 things everyday, because everything else will just come at you; you know fires in a day.
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