At the earliest stage the most common startup failure is obvious. Startups die when they never launch anything. They do a bunch of things that look like work and then just quietly disappear. Users are a sustaining life force so getting 100 who love you is critical path.
Which is why it's a good idea, if you can, to build something even before you're a startup. Zuck and Wozniak both did, for example.
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Zuck still does
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Agree. In my experience it's also a good idea to build something before participating in YC. Demo day favors post-launch companies.
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Validate your idea before you raise capital If you can get a certain amount of people sign up to say there would use your product then it has a better chance of working. Investors told me nobody would use
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The rise of maker culture :) Before startups, they were side projects.
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How does this work with a idea that requires a team / hardware (and hence capital) before they can get the first user? Example: Tesla / spaceX
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You make something that eliminates the biggest investor worry you can with the money you have.
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Spend Build test spend build test spend build test cry build test build test....
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