A: Work for a startup for a few years and learn.
Lots of startups get stuck
before they get to Product-Market-Fit.
What would be the reasons?
Here are some, I see on a daily basis. They are related to issues with founders or market (in no particular order):
A: Work for a startup for a few years and learn.
A: Idea validation failure
A: If you are deep and know you are at the same league as in Steve Jobs, this makes sense
A: Spend month(s) on the problem and not on the solution.
A: Cocreate the product with a set of dedicated users or customers.
A: Co-create the product with friendly customers. At least 5 in enterprise and a group of 100+ in the consumer category.
A: Understand market sizing/TAM. If I have to guess, more than 50% fail here.
A: Understanding how angels and VCs think of categories and investment. U can always do frustrated tweets saying "VCs don't get it"...
A: Very common mistake. Spend 24 hours on Google and you will find every competitor. Benchmark them before you jump on your product.
A: Most of the founding team come together based on friendship rather than competency. In addition to friendship, there should be a massive respect for competency between each other.
More from Startups
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when we put our Fast Checkout button on websites LOTS of people start using it to buy things
our goal is to put out Fast button on EVERY website in the world
the speed of our growth is primarily limited by our engineering resources
we already have some of the best in the world, our VP of engineering built much of Apples identity infrastructure before building Uber's new commerce stack
we engineers who have spent decades among the earliest engineers at LinkedIn, Nest, Google, Cisco, Lyft, Uber & more
our team have built identity, commerce and payment systems that support BILLIONS of people, and they are now building the next platform to do that: @fast
we have a chance to fix commerce, to fix the way the internet works, for BILLIONS of people
we need more help, we need your help
there is not often an opportunity as big as this, make the best career decision of your life and get ready for huge professional growth
reach out to us:
@domm @PeterGrassi1
[email protected]
[email protected]
let me pitch why you need to join 🚀
