Warning! Early Success Reality-Distortion Minefields Will Destroy Your Startup – Part 2
Warning! Early Success Reality-Distortion Minefields Will Destroy Your Startup – Part 2 According to the Startup Genome Project, 74% of high-growth Internet startups, with serious star potential, fail. Many of these tragedies are the consequences of the leadership drinking their own Kool-Aid, and refusing to move more slowly and cautiously when ramping up. They mistake […]
Warning! Early Success Reality-Distortion Minefields Will Destroy Your Startup
Warning! Early Success Reality-Distortion Minefields Will Destroy Your Startup “We need to figure out how to scale this system to support a million users simultaneously” –– CEO of an education software technology company (2008) during a private discussion. I was speechless for a few seconds. This gentleman was running a firm with only one customer […]
Drop the Vision: Your Startup Needs to be Customer-driven
Drop the Vision: Your Startup Needs to be Customer-driven A lot of management theory focuses around the power of vision, however for many startups, this is a false promise. It could end up costing you the success you’d been working towards. I’ll concede upfront that if you are Thomas Edison in 1877, and you asked […]
5 Lessons Learned From Crowdfunding
5 Lessons Learned From Crowdfunding In recent years, crowdfunding has become a serious option for product developers — and a welcome alternative for those long constrained by traditional funding models. Bootstrapping is painful, angel investment involves a lot of effort and energy, and venture capital is primarily only for startups that are well along their […]