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7 + 3 Lessons You Should Learn From My Failed Startup

7 + 3 Lessons You Should Learn From My Failed Startup | Startup Revolution | Scoop.it

7 + 3 Lessons From Failed Startups
Great Inc post on lessons from a failed startup include:

 

1. Consider the entire experience

2. Raise money when you can not when you need too

3. Don't give away equity too soon or too fast

 

Read the other 4 from the Inc post: https://www.inc.com/yoram-solomon/7-lessons-you-should-learn-from-my-failed-startup.html 

 

I'd add three of my own lessons from my "failed startup":

 

1. Don't think in terms of success and failure, win and lose. Think about impact, learning, and potential. Startups require a more nuanced sense of win/lose. 

 

2. Don't hire your friends even if they are the right people because you are probably blind to faults, issues, or other "round peg in square hole" problems with friends. 

 

3. Create any startup in collaboration with customers. Don't do the "mad inventor" thing and go off and think you've created a better mousetrap. You won't. Instead, collaborate and build on what you learn from real customers facing immediate problems. 

Martin (Marty) Smith's insight:

Seven tips from Inc and three from me and the Curagami team. 

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Bad Ideas Rock!  A Lesson Every Startup Should Learn

Bad Ideas Rock!  A Lesson Every Startup Should Learn | Startup Revolution | Scoop.it

How Bad Ideas Become Good Ideas

Haunting, miserable and heartbreaking failure is nothing anyone every thinks will happen to them. Yet, failure is a necessary step says this Inc process post every startup should read.

Inc's focus is on how bad ideas impact design, but truths shared, far from self-evident, are good to learn. Bad things become good things by recognition and listening. Bad design becomes a good design by tweaking, testing, and more listening.  

Martin (Marty) Smith's insight:

Haunting miserable failure is a necessary condition of good design. For every charmed life capable of creating winning design from the jump there are thousands that must fail first. The "Charmed" are clearly exceptions to the rule as this Inc post shares. 

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