“Build something 100 people love, not something 1 million people kind of like.” – Brian Chesky, cofounder of Airbnb According to the Startup Genome Project around 70% startups failed because they scaled too quickly.
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If the Startup Genome Project says that, they're mistaken. The reason most startups fail is that they make something that doesn't appeal sufficiently to users.
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The paramount concept of "Product-Market Fit"...
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Isn't that somewhat the same problem? You scaled before you had a good enough product?
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The SGP is not staying that. They say 70% startups failed due to the reason.
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For most people it is extremely dumb to think he can somewhat build a startups successfully.
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Paul, I see only semantics difference or is there more ? Way I interpret genome quote is premature growth/scaling hypothesis focus before proving value hypothesis is a recipe for failure. What you say is not solving value hypothesis is a recipe for failure
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Given how some investors tend to push their investee companies to chase growth numbers as soon as they see early signs of PMF - it is not untrue that premature scaling is the real cause of trouble. These startups don't get time to build products that will be "loved".
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