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The Importance of Realism in Startups

Stashed in: 106 Miles, FAIL, Learn!, Awesome, @msuster, Failure

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"We learn from mistakes. We learn from losses."

Number 1 is impossible in today's fundraising environment.

Avoid the stupid mistake I made (and talk about in the video):

  • raising too much money too quickly
  • building too many features (a mile wide & an inch deep)
  • getting too much press before we were ready
  • focusing on M&A to fix our problems
  • believing our own hype

Sounds like the same mistakes others have made!

It's easier to make the mistake and learn from it than to try to avoid the mistake.

Trying to avoid the mistake could create other problems not mentioned on this list.

Life isn't about avoiding mistakes. It's about making the mistakes and quickly learning from them.

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