This is an instance of the more general rule that when startups think anything other than building great things and engaging with users will make them grow, they're usually mistaken.
Show this thread
When startups think a partnership with some big company will be the silver bullet that makes them grow, they're usually mistaken. What makes you grow is building amazing things and making customers love you.
-
-
-
When YC tells founders that the only things they should do during YC are build things and talk to users (and live healthily and spend time with family), they're not saying something about YC. They're saying something about startups.
Show this thread
End of conversation
New conversation -
-
-
1. Learning by yourself how to please your audience to death 2. Optimizing that as much as possible 3. Scale (i.e. the silver bullet in this case) If the startup is a 2/100, a 10 multiplier will only do so much. If the startup is a 60/100, then we're talking 20 vs 600
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Happened to us. 1 big partner kept all our R&D maxed out on a single project and we were not in a position to say "no" because they were 90% of our revenue. Eventually, we told them we won't be continuing. Turning a product startup into a service company is dangerous
-
I think this happens a lot. Services revenue is tempting until you have product revenue + it can be hard to see that taking services revenue is at odds with getting to product revenue until you've experienced it. Quantitative revenue is cool until you have qualitative revenue.
- Show replies
New conversation -
-
-
I have made the exact same mistake ( we can call it learning now, a costly one )
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This Tweet is unavailable.
-
Vanity metrics (such as big name association) are what allowed disasters such as Theranos and the Fyre Festival to happen.People love shiny things and big names are...shiny.Warm intros have helped more money get raised than any brilliant idea/company ever could on merit alone.
End of conversation
-
-
-
Agree. My co-founder calls it chasing "logo salad." Having Your Startup + Fortune 500 Company in the same press release is some level of validation, but once chasing logo salad becomes a -goal- rather than outcome, that usually signals a problem.
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.