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Tuesday, May 16, 2006

a *must* read:The hardest Lessons for Startups to Learn

Paul Graham has always given us great articles on startups.
Here is his new essay called "The hardest Lessons for Startups to Learn"
The startups we've funded so far are pretty quick, but they seem quicker to learn some lessons than others. I think it's because some things about startups are kind of counterintuitive.

We've now invested in enough companies that I've learned a trick for determining which points are the counterintuitive ones: they're the ones I have to keep repeating.
Here are the lessons to learn according to Paul:
  1. Release Early.
  2. Keep Pumping Out Features.
  3. Make Users Happy.
  4. Fear the Right Things.
  5. Commitment Is a Self-Fulfilling Prophecy.
  6. There Is Always Room.
  7. Don't Get Your Hopes Up.
  8. Speed, not Money
Paul's writing style is lean and clean, read it.

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