Lessons Learned - Deepstash

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Lessons Learned

  • Sometimes when an investor tells a startup founder “no,” it’s a positive sign for the business. When an idea is truly big and transformative, it can draw a polarized reaction or a “squirmy no.”
  • The best businesses can emerge from moments of desperation.
  • Lavish attention on the few people who love your product in the beginning.
  • Early hires are essential for crafting a company’s culture.
  • Many founders make the mistake of becoming too attached to their initial ideas.
  • Watch how customers are actually using your product.

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MORE IDEAS FROM THE SAME BOOK

  • Kathryn Minshew, the founder of The Muse job site, says investors told her ‘no’ 148 times before the first one agreed to invest.
  • Huffington’s wellness startup Thrive has a rule that nobody should interview a job candidate while they’re tired!
  • Chinese parents’ dissatisfaction ...

Rapid decision-making is essential. When you’re moving fast, you may make mistakes. But the biggest mistake is not making decisions fast enough, because the only thing that matters is time.

“Whether your staff is 70,000 or only seven, a leader needs two things to create a strong unified team: an elevated mission and everyday human contact.”

  • The best leaders develop talent from within rather than just hiring expensive stars. If you hire people at senior positions, you are a failure as a leader.
  • If you’re a good entrepreneur you can assume that your instincts are right 95% of the time and your ideas might...

How do you get the idea for a business and then lead it to success?

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