🚀 Why Startups Fail: Top 10 Mistakes to Avoid 🚀

[@claursen1]

Great advice. Thanks for sharing.

[@FeeltheBoot]

Glad it was helpful!

[@nicolassuarez2933]

Outstanding! Let me paraphrase Y Combinator's slogan: Build something people want and love without any money upfront, haha!

[@FeeltheBoot]

That would be ideal!

[@ARreymago]

Glad your back!

[@FeeltheBoot]

Thanks!

[@amonifinau4048]

Thank you!

[@NoriInSFTech]

I'm working on my startup. I did have a co-founder issue the last 2 times. Thank you so much for this well-structured helpful information!

[@FeeltheBoot]

Thanks!! The latest episode is an interview with an amazing founder who had some significant co-founder issues.

[@Mr.Monta77]

In my experience, hiring the wrong people and sharing equity too early is a suicidal strategy. I hired a graduate from MIT in my tech company as the CEO, only to discover he was unable (and perhaps unwilling) to complete any task. He was talkative, charming and caring, but devoid of any actual real world skills. His mother asked me, confidentially like, if I was sure about this? But I was blinded by his MIT credentials. Huge mistake. And very costly at that.

[@FeeltheBoot]

Thanks for sharing that. Wow! Putting the wrong people on the team in the early days can be a disaster. Making them CEO multiplies the damage they can do. I understand getting blinded by credentials through.

[@Mr.Monta77]

@@FeeltheBoot Thanks, and I found out later that he had paid his chinese and indian class mates to write much of his degree requirements. Well, I got an education in hiring right there. But anyway I find your videos valuable and I’m grateful to share your considerable experience. I will be in touch via you website. Signed up today. Thanks.

[@FeeltheBoot]

@@Mr.Monta77 yow! That's bad!!

[@sguploads9601]

Omg - i am exactly at stage when we move from MVP to 1.0 and it's hell. Its literally hell. I have even clients paying me - but they just dont see how much mess i fight everyday. i am really think to rise moey just becouse of it!

[@FeeltheBoot]

I feel you! It is such a hard transition!

[@alexisrobbins1736]

On the market need part, my concern is that while they will improve their own earnings significantly from using our product over alternatives, only progressively minded early adopters might realize this, with other potential customers thinking, incorrectly from my view, that their existing solution is 'good enough.' You said there's no way out of this - do you discount customer education?

[@FeeltheBoot]

As long as you can identify a population of early adopter users who will embrace your solution enthusiastically, you are fine. Just make sure that the larger mainstream of potential customers would embrace it with enough evidence.

[@alexisrobbins1736]

@@FeeltheBoot Thanks for clarifying!

[@Hamza-amribet]

New founders !!! Take notes✍️

[@FeeltheBoot]

Thanks for the support!

[@mike.1]

I'm developing a financial application and building a brand. How many users or revenue until someone buy it for $1,000,000?

[@FeeltheBoot]

It's hard to put a number on it. The better question is who would buy it and why? Once you understand the motivations of the buyer, you should have a feel for where you need to be before they are interested. For example, if they want tech or intellectual property, the number of users does not matter much. In general, you don't see many $1m sales other than Acqui-hires.