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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.
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.
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.
Unless you are a car/medical/nuclear energy/perhaps other industries too company.
How do we balance that against the Henry Ford faster horses problem? Surely it's possible to create something great that has no initial traction? If your main (initial) metric is growth, doesn't that limit directions and possible products?
Build something you and your peers want, then spread organically out of that beachhead.
So, speed of execution is the prime determinant? What if the idea was flawed from the get-go?
Then if you execute fast you'll discover that fast.
How do you spot the signs for no product-market-fit? Any criteria? I've been shipping and testing MVP, couldn't seem to get a lot of interests. My plan is to test more products (with quick MVP) until I get to the PMF stage.
Hiring is one of the problems. #startups hire in a hurry, stuck with no clear idea , downsize !
Sounds like Viaweb
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