March 31, 2007

Startup Thoughts 2: Lessons from when I was exploring creating a startup

Category: Entrepreneur — by Amit D. Chaudhary @ 10:10 am
  • A co-founder is critical, he\she gives suggestions or pushes an idea in a different direction than you would, recommends changes to approach, and will ideally complement things (If you rush to implement, she\he would explore more) and finally is the first person to sell a concept to.
  • Ideas do not matter that much. Somebody might be doing or has done what you start with and things will change.
  • Remember it is a for profit venture, you should at least plan to ensure it quite useful to many users and maybe some plan of making money. Otherwise it is a personal project.
  • A startup will require a lot of focus, time and energy to do it justice. It should ideally be the only thing in your life, the Frog if you may.

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