Monday, December 10, 2007
Thursday, December 6, 2007
While searching for "startup" Paul Graham's article showed up and l was able to relate to most of it. Here are some of the key points:
- In particular, you don't need a brilliant idea to start a startup around. The way a startup makes money is to offer people better technology than they have now.
- Hire people who could be described as an animal
- Produce something that customers want. Authors gives a restaurant example.
- Word "business" is not that difficult to understand in a technology startup.
- Spend money wisely. Burn it slowly.
- Are you a "startup" material?
- Don’t wait for a revolutionary idea. It will never happen. Just focus on a simple, exciting, empty space and execute as fast as possible
- Share your idea. The more you share, the more you get advice and the more you learn. Meet and talk to your competitors.
- Build a community. Use blogging and social software to make sure people hear about you.
- Listen to your community. Answer questions and build your product with their feedback.
- Gather a great team. Select those with very different skills from you. Look for people who are better than you.
- Be the first to recognise a problem. Everyone makes mistakes. Address the issue in public, learn about and correct it.
- Don’t spend time on market research. Launch test versions as early as possible. Keep improving the product in the open.
- Don’t obsess over spreadsheet business plans. They are not going to turn out as you predict, in any case.
- Don’t plan a big marketing effort. It’s much more important and powerful that your community loves the product.
- Don’t focus on getting rich. Focus on your users. Money is a consequence of success, not a goal.