Seeing Both Sides
MARCH 2, 2011
At the same time, the foursquare team was incredibly skilled at applying lean start-up best practices, specifically: Product-obsessed founders : both Dennis and Naveen were consumed with the product. Minimum viable product: they didn't wait years and years to perfect the product but instead got it out there to solicit user feedback.
www.paulgraham.com
OCTOBER 23, 2010
During the Internet Bubble there were a number of startups founded by business people who then wentlooking for hackers to create their product for them. In nearly every failed startup, the real problem was that customersdidnt want the product. Probably because the product wasa dog, or never seemed likely to be done, or both.
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www.paulgraham.com
AUGUST 1, 2008
In essense, let the market design the product. The way to get really big returns is to do things that seem crazy, like starting a new search engine in 1998, or turning down a billion dollar acquisition offer. He was a precise sort of guy, so hed measured their productivity before and after. Weve done the same thing ourselves.
crowdSPRING Blog
FEBRUARY 16, 2016
Myth #2: You need a lot of money to start. Businesses do require some capital, but this doesn’t mean that every startup has to raise millions of dollars in seed money. It was only in 1998 when Andy Bechtolsheim invested $100,000 in Google, Inc. They had proven themselves before they received an investment.
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