This recipe will beat all three: ship quickly, then relentlessly optimize for growth, and don't hire a lot of people till you have it.
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Someone wondered how startups fail. In most cases, because they don't make something people want. That can happen by (a) failing to ship, (b) shipping but never getting any growth, or (c) mediocre growth combined with high expenses.
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Obviously this won't work for all startups. Boom or Oklo can't avoid spending before growth. But even in cases like those you can adapt the recipe. Just replace "growth" with "convincingness to investors." E.g. hitting milestones.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Sorry but how shipping 'something people don't want' faster can solve the problem? Am I missing something here? Did I misread?
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I guess the general idea is to redesign the product sooner and burn less money on the initial failure. That'll give you a few more tries to create something people actually want.
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In crypto, your customers can be other crypto companies in the space, speculators, developers, etc. It’s not as apparent, but the customers surely exist and number in the hundreds of thousands at least.
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You are presenting 2 very different theories: 1. Nobody wants the product to begin with, and 2. Poor business sense. Not sure if your tweet is just poorly worded, or if you should just not give business advice?pic.twitter.com/hnAGHci4NX
Thanks. Twitter will use this to make your timeline better. UndoUndo
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My son and I are building a startup card game. Can I use this Tweet in the instructions?
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Of course. Good luck.
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