Thursday, March 17, 2005
Once Again, It Seems the Best Way to Start a Startup is to Start One
If there is one message I'd like to get across about startups, that's it. There is no magically difficult step that requires brilliance to solve.
You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed.
In particular, you don't need a brilliant idea to start a startup around.
The author addresses his advice to technical students but most of the advice seems widely applicable. The more I read and hear from those who have successfully started a company, the more it becomes apparent that these people agree on the principles listed above. The hardest part is convincing yourself to make the leap.