Startups aren't a goal unto themselves. They're a means of finding a company worth building. They should offer a coherent, focused product or service that solves a real, existing problem.
3. Win business plan competitions
Raise a lot of VC money
Fail quickly so you can build your resume
Land you on the cover of Fast Company
Create a social venue for 20-somethings
Get acquired and subsequently buried
Make you rich, quick
WAIT! THAT’S AN EASY QUESTION
It would be easy to assume that tech startups exist to:
4. Startups aren’t a goal unto themselves,
despite the impression you might get from the
current hype.
W H AT A R E S TA R T U P S F O R ?
5.
6. Startups are a means of figuring out a
company worth building.
W H AT A R E S TA R T U P S F O R ?
7. Improve people’s productivity
Let people do new, valuable things
Entertain, amuse or connect people
AN ECONOMIC FUNDAMENTALS PERSPECTIVE
Companies worth building provide a product or service which
8.
9. THE TEAM IS SMART, PERSISTENT,
COACHABLE, AND RESOURCEFUL