Don’t be fooled by the title of this one. This cofounder sounds very well-grounded, and he seems to have built his company in exactly the right way. Impressive example of someone who intuitively got it right (and continues to get it right).
Interesting post about how the proliferation of startups has diluted the talent in Silicon Valley. Makes the point that startups may be better off holding out for A players, even if it might slow them down in the near-term. Pretty compelling if you ask me, based on my experience outside of Silicon Valley.
Strongly supports the notion of shipping your product early and letting customers help you clean up the bugs. This is obviously a balancing act (since you don’t want it to be too broken), but the point is that the product doesn’t need to be perfect before it ships.
Super helpful salary range for startup founders – $50-75K. If you’re raising a seed stage, most of the money should go to the company. If you can save up enough beforehand, then maybe you can pay yourself less. The less you can pay yourself, the more runway you’ll have to figure out your product and how to make money.
Just don’t go in too deep. That’s the mistake I made with my first startup. Left me without a place to live and lots of credit card debt. In hindsight, I should have thrown in the towel sooner because recovering from that has definitely slowed my progress towards starting another company (hopefully one that will be successful).
Always always remember that other people see the world differently than you do, sometimes much differently. And there’s nothing you can do to change this because their perspective has been developed over the course of their entire lives. It takes time to change these things.