Starting a startup is hard. This thread will contain some key advice I think are particularly noteworthy:
1. “If you’re not embarrassed by the first version of your product, you’ve launched too late.” - @paulg The first version of my product was not great, but hey, it worked.
More from Startups
Led Zeppelin wrote “Rock And Roll” in 30 minutes.
The White Stripes, “Seven Nation Army”, 10 min during a soundcheck.
The Rolling Stones, “I Can’t Get No Satisfaction”, 40min.
Making a startup in 24 hours is perfectly fine.
I really think this idea of starting a starup in 24 hours is bad idea. Gives people thinking that you can do something meaningful in short period of time. https://t.co/l3x2ov33Qn
— Myk Pono \U0001f60e (@myxys) November 10, 2018
I worked on my first startup for 2.5years. It was an events app. Sunk in cost and expectations were so high, that I had to close it, despite getting consistent revenue.
In comparison, I wrote @CryptoJobsList in 2 days. And it's way more meaningful than what I've been doing in my events startup for 2.5 years.
When I let go of my engineering ego and let go of expectations that I need to raise capital and hustle for 4+ years — I started lauching fast and interating fast without any expectations — then I started coming up with something truly meaningful and useful ✨
12 startups in 12 months by @levelsio
24 hour startup by @thepatwalls
— are great challenges that make you focus on the end product value, iterate fast and see what sticks and ruthlessly kill what does not work.
With this, let's get motivated with some curated readings & posts by fellow #24hrstartup participants & indie makers. Check them out below!
✍️ Andrew Parrish wrote - "Why I'm Participating in the 24 Hour Startup Challenge".
@makersup's takeaway - Makers love possibilities, the joy of building. Any aspiring maker should experience the end of lurking on forums & reading @wip's to-dos.
Read:
👩💻 @anthilemoon created a list of @women_make_ members participating in the #24hrstartup challenge. Do let her know if she missed anyone!
More at: https://t.co/zYKVZEq8aq

Creating a list of @women_make_ members participating in the #24hrstartup challenge this weekend \u2013 please let me know if I missed anyone! \U0001f469\u200d\U0001f4bb #womenmake pic.twitter.com/Kh7O7fKv7h
— \U0001d400\U0001d427\U0001d427\U0001d41e-\U0001d40b\U0001d41a\U0001d42e\U0001d42b\U0001d41e \U0001d40b\U0001d41e \U0001d402\U0001d42e\U0001d427\U0001d41f\U0001d41f (@anthilemoon) November 14, 2018
😺 We can't forget one of the key platforms in shipping indie, can we, @ProductHunt?
Check out @ProductHunt's guide to launching at: https://t.co/VB6WgGx6sa.
In addition, it would be wise to prepare for the launch. Fine tune your assets and post at
🚢 Well, we definitely can't leave out the man behind all of this, @thepatwalls!
Launching isn't easy, but know what you'll be facing even before coding. Check out @thepatwalls' "words of shipping" at:
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Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.