Thread
Things you think as a first time founder that just ain’t so:
Good traction or growth is just a couple more features away.
It almost never works like this. Don’t burn time and capital trying to make fetch happen. If you can’t start selling design mockups of your next few months of roadmap, cut bait on the plan attack and keep looking.
It almost never works like this. Don’t burn time and capital trying to make fetch happen. If you can’t start selling design mockups of your next few months of roadmap, cut bait on the plan attack and keep looking.
One time costs are an important concept.
“Well our burn was $600k this quarter, but accccctually it was $450k because we had legal fees, an employee separation, a new office deposit, and a team offsite”
No. There are always one time costs. You burned $600k; your burn is $600k.
“Well our burn was $600k this quarter, but accccctually it was $450k because we had legal fees, an employee separation, a new office deposit, and a team offsite”
No. There are always one time costs. You burned $600k; your burn is $600k.
Fancy Firm X emailed me and wants to talk! They must be interested, and even if not it’ll be good learning for me.
I’ve come to the view that you’re either fundraising, or you’re not fundraising. The entire job of the person who emailed you is to talk to people like you. When… twitter.com/i/web/status/1651670022677229568
I’ve come to the view that you’re either fundraising, or you’re not fundraising. The entire job of the person who emailed you is to talk to people like you. When… twitter.com/i/web/status/1651670022677229568
You can hire someone pixel perfect if you just wait long enough and meet enough people.
It doesn’t work this way. You’re looking for diamonds in the rough, if there’s no rough and they’re a real diamond why are they joining your tiny startup?
It doesn’t work this way. You’re looking for diamonds in the rough, if there’s no rough and they’re a real diamond why are they joining your tiny startup?
We should invest to avoid tech debt that will cripple us later.
Tech debt is a champagne problem that almost no startup gets the privilege to deal with. You are in the business of taking on debt of all sorts right now to build something so big that you can pay it down later.
Tech debt is a champagne problem that almost no startup gets the privilege to deal with. You are in the business of taking on debt of all sorts right now to build something so big that you can pay it down later.
Our big competitors are terrible.
Saying “they have clunky products with unhappy customers” is another way of saying “they are very feature complete, and customers continue renewing despite frustrations because they solve a real business need.” Respect your competitors.
Saying “they have clunky products with unhappy customers” is another way of saying “they are very feature complete, and customers continue renewing despite frustrations because they solve a real business need.” Respect your competitors.
I need coaching on how to be a great leader and advice on how to build strong processes and systems.
No you don’t; not until you’re big. What you need to do is block out all the noise that isn’t talking to customers, building a great product, and constructing the right team.
No you don’t; not until you’re big. What you need to do is block out all the noise that isn’t talking to customers, building a great product, and constructing the right team.
Culture is created on day one. I need to spend the time here to be intentional upfront.
Sounds right, but is wrong. Your culture will naturally flow from how you do your only three jobs. Culture is something you do naturally at first, and intentionally only later.
Sounds right, but is wrong. Your culture will naturally flow from how you do your only three jobs. Culture is something you do naturally at first, and intentionally only later.
