If you wanted to build an Internet startup in 2005, you had to buy your own servers and hire someone to manage it. Now, that's unheard of.
Who would you talk to? That is the first question for almost any startup that you need to answer. Who is my user and where am I going to find them?
If you're a digital startup, building and highlighting your social proof is the best way for new users to learn about you.
I think that's exactly what Silicon Valley was all about in those days. Let's do a startup in our parents' garage and try to create a business.
Please don’t get hung up on this question of whether you need to have experience in an industry before you launch your startup.
Like having a child, running a startup is the sort of experience that's hard to imagine unless you've done it yourself.
What's crucial is to never get stuck. Making hard decisions is such an important part of being a startup in order to keep moving forward.
In the startup world, you're either a genius or an idiot. You're never just an ordinary guy trying to get through the day.
Everyone starting a startup for the first time is scared, and everyone feels like a bit of an imposter.
It's a fight to get anyone other than your mom to care about your startup.
The answers to all a startup's challenges are out there. By setting up the right mechanisms for gathering feedback, the road to success can be a less bumpy ride.
San Francisco is a great startup community that you shouldn't even try to model yourself after because it's just special.
The life of a startup is full of ups and downs, an emotional roller coaster ride that you can't quite imagine if you've spent your whole career in a corporation.
The lean startup method is not about cost, it is about speed.
The challenge in a startup is you hit a lot of turbulence, and you want people who understand that it's just turbulence and not a crisis.
For a startup, you need to stay small so the others don't attack, or you aim to be one of the big guys. If you don't do it right, you might lose everything.
I was one of the early folks at eBay, and by 1999, it was completely overrun by consultants from McKinsey, Bain, and BCG. It went from being a cool, fun startup to an MBA factory.
When valuing a startup, add $500k for every engineer, and subtract $250k for every MBA.
VCs like acquisitions as much as IPOs because the acquiring companies often can rationalize paying large multiples over the current valuation of the startup.
In the startup world, you're either a genius or an idiot. You're never just an ordinary guy trying to get through the day
The economic costs of starting your own business can be significant; in fact, most new startup companies fail because of undercapitalization.
Every startup has a chance to change the world, by bringing not just a new product, but an entirely new institution into existence.
Customer Development changes almost every aspect of startup behavior, performance, metrics, and, as often as not, success potential.
For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
My most radical shift was leaving Intel and joining Google, a small startup at the time, even though I was pregnant.
The Lean Startup has evolved into a movement that is having a significant impact on how companies are built, funded and scaled.
Most startup companies have two people, and they figure out creative ways to swarm problems. They move faster and have more impact.
If you're a small startup considering selling your company, there's definitely far worse places to work than Facebook.
In 2000, just before the first dot-com bubble burst, it cost a whopping $5 million to launch a tech startup.
Co-innovation between a startup and an enterprise works best when each party fills a gap in the other's capabilities and when they share equitably in both the work and the rewards.
Startupfest is a very positive conference. I think a lot of it has to do with how different culturally it is from other startup or tech conferences.
In an era of endless innovation and constant disruption, what is any company really worth? How does a startup determine its valuation?
You can work hard and be smart, but you need to think about when you're going to be part of a startup and build it. You only have so much energy, whether you want to admit it or not.
Each industry in a region should develop a playbook that expands and details the strategy and tactics of how to build a scalable startup.
I'm sure that the ideas being incubated at places like Startup Village today will form the core of the technologies of tomorrow.
No matter what I've wanted to accomplish, whether it was raising capital, investing in a startup, or selling a company, legal has always been a cost and a roadblock to the ultimate goal.
Our job as leaders is to find those innovators and release their mojo - lean startup-style - to serve the American people better.
Key is the question of where do new ideas come from. Historically, four places: government labs, big corporations, startup companies, and research universities.
Every thing at a startup gets modeled after the founders. Whatever the founders do becomes the culture.
The best founders are extremely thoughtful and have an eye for quality. I don't know if there's any generic advice here that would be helpful. Startup knowledge is a moving target.
By maintaining an active feedback system at every stage of a startup, founders can reduce their burn rate, increase their virality coefficient, and retain key hires.
I mean, look, the government is not a startup obviously. But projects to change government I think are best thought of as startups.
Working at a startup to make a lot of money was never a thing, and that's why I decided to just finish up school. That was way more important for me.
It's difficult to get large groups of people, to the extreme levels of focus and productivity that you need, for a startup to be successful.
One of the most fun and interesting things about YC is that we are kind of a startup ourselves. We are constantly changing and evolving what we do.
If one engineer at a startup tries Slack and says, 'I hate it. I am not going to use this,' that's it for us. We won't get evaluated.
Creating the right advisory board for your startup can be the single most important step you take in building a new business.
It turns out that one of the biggest drivers of investors are both successful and non-successful startup founders.
Venture capital is about capturing the value between the startup phase and the public company phase.
Using the Lean Startup approach, companies can create order not chaos by providing tools to test a vision continuously.
You can have a startup and one other thing, you can have a family, but you probably can't have many other things.
On Startups: "I hate it when people call themselves "entrepreneurs" when what they're really trying to do is launch a startup and then sell or go public, so they can cash in and move on.
One of the things that's so interesting when talking to minority founders specifically is that there is really a knowledge gap in understanding what the risk-reward profile is for doing a startup.
It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down.
Campaigns are crazy things. They're half startup, half enterprise.
I would advise any startup to take the time to define their unique culture and work at making it a reality.
Most phenomenal startup teams create businesses that ultimately fail. Why? They built something that nobody wanted.
It takes years and years, usually a decade, to create a great startup.
A new DAO is like a startup. It requires a product/market fit, business model realization, and a lot of users/customers.
If a startup stays in Microsoft, it does not have a chance, because all it tries to do goes against what Microsoft is about.
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