Cameron Armstrong pfp
Cameron Armstrong
@cameron
Day 6 of /lounge and I'm excited to finally ask this to all my smart friends: What is important in a startup that most people ignore? What do people focus on a lot, but actually isn't that important?
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Cameron Armstrong pfp
Cameron Armstrong
@cameron
Important: - Saying no to good ideas - Physical health - Casting about what they are literally doing for their startup in that moment Unimportant: - Listening to what users say instead of how they behave - Perfect pitch deck (this is a band aid) - Reading another essay about how to run your startup better
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Les Greys pfp
Les Greys
@les
Are we supposed to reply or quote cast?
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Nicolaus pfp
Nicolaus
@nicolaus
Important: - Why Not Important: - What
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Kyle Tut pfp
Kyle Tut
@kyletut
Important - customers Unimportant - announcements
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samvox pfp
samvox
@samvox
The synergy and alignment within the founding team are vital. Conflicts, lack of trust, or misaligned goals among team members can derail a startup. Also Proper financial planning, budgeting, and cash flow management are often underestimated. Running out of cash is one of the primary reasons startups fail
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Jayme Hoffman pfp
Jayme Hoffman
@jayme
Important that people ignore - Make product people want - Focus on retention Unimportant that people ignore - Conferences - Talking to investors when you’re not fundraising
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Jason Goldberg Ⓜ️ 💜 pfp
Jason Goldberg Ⓜ️ 💜
@betashop.eth
I actually think user interviews are a lot more important than usage data before you are pmf But most people do user interviews wrong The goal of the interview is not to get feedback on your product, it’s to suss out pain points and frustrations
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richie is foraging
@richie
1. speed is more important than anything else. founders often think they are moving fast when they could be much faster. if everything feels under control, you’re not moving fast enough. 2. logo is not important early on. as long as you have a logo and its not distractingly bad, its fine. you can rebrand post-pmf.
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Jason Goldberg Ⓜ️ 💜 pfp
Jason Goldberg Ⓜ️ 💜
@betashop.eth
Also, I do think it’s useful to pitch a few outsiders once a quarter. It forces you to prepare a story and it helps you understand the market better.
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Jason Goldberg Ⓜ️ 💜 pfp
Jason Goldberg Ⓜ️ 💜
@betashop.eth
Important: Focus Revenue or equivalent. It’s not PMF until someone pays or would be very very upset if your product went away Founder and team fit. You have to absolutely love the problem you are solving and the people you are solving it with Getting feedback from smart critics
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Piyush pfp
Piyush
@314yush
Startups ignore - providing long term value - knowing when to step out - doing non-scaleable thing first - empathising with users people focus too much on - how they feel - how to succeed - other’s opinions
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kompreni 🚂 pfp
kompreni 🚂
@kompreni
For me, as a dev, its spending less time coding, more time communicating
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wisdomlego pfp
wisdomlego
@daniel-hurley
Identity. Who and what are you? Subsequently, this signals moral and ethical goals to your constituencies.
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Cynthia pfp
Cynthia
@cryptocyn
Important: - minimal MVP - iterative development & rapid feedback cycles - small but engaged community - product-market fit Solving a problem for 10 people is better than solving none for 1000. No important: - many futuristic ideas - over-engineering - aesthetics over functionality - overthinking & underdelivering
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AfroRick pfp
AfroRick
@afrorick
The most important thing that I've found is that people don't build a community. They build in silence, most because they are afraid of rejection - although that rejection is EXACTLY what they need to hear so that the idea can be refined into something that an audience would want!
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Gengar368
@gen0x
1 Lemon: Team spirit in Angel. 2 Chằm Zn: Cashflow.
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amosnena🎩💜 pfp
amosnena🎩💜
@amosnena
Well-being of Founders and Team: Burnout and stress are common in startups. Ensuring that founders and the team maintain a healthy work-life balance is crucial for long-term sustainability.
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AfroRick pfp
AfroRick
@afrorick
What isn't important in a startup, and why many of them with a lot of money fail, is focussing on making noise instead of building a product that people would actually want. "Buying attention" is a short term win that leads to investor money down the drain and no PAYING customers.
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