5. The CEO doesn't need to be a techie, but (s)he needs to understand how the sausage is made.
7. Some people hit a home run first time, but this is rare. Failure that you learn from makes you stronger and better prepared for your next time at bat.
9. It's usually easier to raise in Silicon Valley than in most other areas. There's lots more money floating around here.
12. Two things always fail: A good team with a bad idea, and a bad team with a good idea.
13. If the product applies to you as a user, it usually requires less work to build a good product. But if you're allergic to work, you're in the wrong business anyway.
20. Entrepreneurs answer to everyone, but not as serfs.
24. Funding is tricky. Make sure you have enough to follow your roadmap, but do your best to avoid dilution when you can. If you get more than you need, use it for more runway.
Bonus: Don't fundraise in November/December if you can avoid it.
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[ 63.7 ms ] story [ 44.1 ms ] thread7. Some people hit a home run first time, but this is rare. Failure that you learn from makes you stronger and better prepared for your next time at bat.
9. It's usually easier to raise in Silicon Valley than in most other areas. There's lots more money floating around here.
12. Two things always fail: A good team with a bad idea, and a bad team with a good idea.
13. If the product applies to you as a user, it usually requires less work to build a good product. But if you're allergic to work, you're in the wrong business anyway.
20. Entrepreneurs answer to everyone, but not as serfs.
24. Funding is tricky. Make sure you have enough to follow your roadmap, but do your best to avoid dilution when you can. If you get more than you need, use it for more runway.
Bonus: Don't fundraise in November/December if you can avoid it.