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Startups take off because the founders make them take off.
Generally, startups take a push to get them going. Once they are on the track, they will usually keep going, but there is a s...
Nearly all startups have to recruit their users manually. You can't wait for users to come to you. You have to go out and get them.
Almost all startups are vulnerable initially, like a newborn baby. It's harmless if know-it-alls dismiss your startup. Thinking "there's no way this tiny creature could even accomplish anything
You should take exceptional measures to make your users happy. Your first users should feel that signing up with you was one of the best choices they ever made. Then think of new ways to delight th...
Your attention to your users should be insanely great, to the point of being obsessive. It is not only the product that should be that great but especially the experience of being your user.
Focus on an intentionally narrow market. It's like keeping a fire contained at first to get it really hot before adding more logs.
Hardware startups face a problem where they need a minimum order for a factory production run, but don't have the funds. Without a product, they can't generate the growth to raise the money to manu...
The initial user can act as if they are consultants. Keep tweaking till you fit their needs perfectly, and you'll generally find you've made something other users want too.
A consulting-like ...
An extreme variant is where you are your software, where you do by hand things that you plan to automate later. It helps to build muscle memory from doing it yourself. It also lets you launch faste...
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A startup is a small company that takes on a hard technical problem.
Economically, you can think of a startup as a way to compress your whole working life into a few years. Instea...
There is a limited amount of money in the world but wealth is unlimited. Wealth can be created through work and new ideas.
Companies aim to create wealth and so do you when you join one. In a company your work is averaged with that of others so it obscures your actual contribution.
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Grit- ask on how determined a person in pursuing his dreams.
Rigor- ask if there was a time he considered a data to make a decision.
Impact- ask for what he have co...
Probe: give me an example…
Dig: who, what, where, when, why and how on every accomplishment or project
Differentiate: we vs. I, good vs. great, exposure vs. expertise, participant vs. owner/leader, 20 yard line vs. 80 yard line
Situation- What's the background of what you were working on?
Task- What tasks were you given?
Action- What actions did you take?
Results- What results did you measure?
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Survivorship bias is a logical error that twists our understanding of the world and leads to a wrong understanding of cause and effect.
We fall into survivorship bias when we assume that suc...
When we only pay attention to the exception above the normal, we end up misunderstanding reality. While there is much to learn from the anomalies, it would be a mistake to expect the same results from doing the same things.
Survivorship bias leads us to think that coincidence is a correlation. We want the encouragement from survivorship bias so we can believe in our own capabilities, but it results in an inflated idea of how people become successful.
The fact is that success is never guaranteed. It does not mean that we shouldn't try, just that we should have a realistic understanding.
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