25 Startup Tips I've learned so far
I hope to keep this series going as I learn more about startups. But in 3 years, I've raised over $11.5M in venture capital funding, built a product that is used by some of the biggest enterprises in the world, sold six-figure contracts to these enterprises, and have started scaling out my team. I hope in the next three years these metrics look small compared to what we've achieved. Here are 25 tips I've learned so far as a founder.
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Big company history is usually a bad startup sign.
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Hire slow, fire fast. Repeat this in your head. Write it down. Re-read this as many times as you need to.
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Get to $1-2M in ARR as a founder. Do founder-led sales.
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Watch your runway. Always make sure you have enough chances at bat.
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Market size matters... a lot.
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Great companies are constantly reinventing themselves. This is part of the journey.
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Ride waves/trends or get out of the way. Don't go against them.
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Your co-founder relationships matter a lot. Nurture them. Improve them. Cherish them.
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Sales is a learnable skill. Anyone can sell.
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Growth fixes everything.
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Get off Zoom. Meet in person. Sell in person. Make the effort.
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Take care of your body. Eat right. Work out daily.
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Nobody cares about your startup. Not your mom, spouse, friends. Isn't that freeing?
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Do not delegate product. EVER.
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Startups are full of first-time managers. That's ok. So be kind and flexible.
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Do not work with consultants or advisors.
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VCs are usually wrong. Keep going.
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Experts should lead experts.
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It's really hard & every founder you look up to has felt this same feeling. Keep going.
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Praise in public. Critique in private.
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Respect deadlines.
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Do not lose momentum. It's so hard to get back. Keep the momentum going.
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Do not look for startup ideas. Look for frustrations.
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As a founder, pay yourself first.
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When in doubt, talk to your customers.