57 startup lessons
I am a cofounder of RethinkDB — an open-source distributed database designed to help developers and operations teams work with unstructured data to build real-time applications. There are already very good lists of startup lessons written by really talented, experienced people (here and here). I’d like to add another one. I learned these lessons the hard way in the past four years. If you’re starting a company, I hope you have an easier path. People If you can’t get to ramen profitability with a team of 2 – 4 within six months to a year, something’s wrong. Fundraising If you have to give away more than 15% of the company at any given fundraising round, your company didn’t germinate correctly. Markets The best products don’t get built in a vacuum. Products Product sense is everything. Marketing Product comes first. Sales Sales fix everything. Development Development speed is everything. Company administration Personal well-being Thanks to Michael Glukhovsky for reviewing this post.
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