- Your idea isn’t new. Pick an idea; at least 50 other people have thought of it. Get over your stunning brilliance and realize that execution matters more.
- Stealth startups suck. You’re not working on the Manhattan Project, Einstein. Get something out as quickly as possible and promote the hell out of it.
- If you don’t have scaling problems, you’re not growing fast enough.
- If you’re successful, people will try to take advantage of you. Hope that you’re in that position, and hope that you’re smart enough to not fall for it.
- People will tell you they know more than you do. If that’s really the case, you shouldn’t be doing your startup.
- Your competition will inflate their numbers. Take any startup traffic number and slash it in half. At least.
- Perfection is the enemy of good enough. Leonardo could paint the Mona Lisa only once. You, Bob Ross, can push a bug release every 5 minutes because you were at least smart enough to do a web app.
- The size of your startup is not a reflection of your manhood. More employees does not make you more of a man (or woman as the case may be).
- You don’t need business development people. If you’re successful, companies will come to you. The deals will still be distractions and not worth doing, but at least you’re not spending any effort trying to get them.
- You have to be wrong in the head to start a company. But we have all the fun.
- Starting a company will teach you what it’s like to be a manic depressive. They, at least, can take medication.
- Your startup isn’t succeeding? You have two options: go home with your tail between your legs or do something about it. What’s it going to be?
- If you don’t pay attention to your competition, they will turn out to be geniuses and will crush you. If you do pay attention to them, they will turn out to be idiots and you will have wasted your time. Which would you prefer?
- Startups are not a democracy. Want a democracy? Go run for class president, Bueller.
- You’re doing a web app, right? This isn’t the 1980s. Your crummy, half-assed web app will still be more successful than your competitor’s most polished software application.
I specifically enjoyed item #1. As entrepreneurs go through the “conceptual idea finding” phase of starting a business, its so easy to find something interesting and easily discredit the idea with even the slightest hint of competition. Or, they find nothing out there and quickly think that “it can’t be a good idea if no one is doing it”. Six months later, a company that was doing the idea is highlighted in business section of the local newspaper and you proclaim “there goes another one of my ideas”.
How do you know when to commit? When do you have enough data to jump into it? This is the question I have not been able to answer. I’ve struggled with trying to jump off that that successful corporate life boat and onto the unstable, risky business starter.
For me, the easiest part of all of this is executing. I’ll beat any other software product in a horse race any day and I’ve done that with the products I’ve worked on.
Oh well. Maybe a shot of Whiskey and swift kick in the ass if all I need.