The Golden Trio - Deepstash
How To Build A Company

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How To Build A Company

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The Golden Trio

Use these three criteria to evaluate an idea:

  1. Longevity — Will it stay relevant for a long time?
  2. The monetization sweet spot — Can you make a living?
  3. Limited but extensible scope — Can you pull it off?

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Longevity

Riding the hype train can get your project trending quickly, but you'll have nothing left when the hype is over. So find something that has longevity instead. What's something people will keep searching for in the coming decades? Email, DNS, online meetings, and timezone conversi...

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53 reads

The monetization sweet spot

If your project can't attract any users, then it's obviously not going to generate any meaningful revenue, let alone allow you to eventually build a business around it.

Too much monetization potential, on the other hand, can attract regular businesses, or venture-backed businesses. So ideal...

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31 reads

Limited but extensible scope

You can't undertake a massive project on the side, so the scope needs to be minimal. Once an initial version is live, it should be extensible incrementally. Adding many small features that add up to a great product. Since side projects are primarily done in the evenings and weekends, the availabl...

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CURATED FROM

IDEAS CURATED BY

abigadanie

Engineer in electronics

For Developers..

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Other curated ideas on this topic:

Principles for giving effective feedback

  • Make it relevant:  if what you're telling someone isn't aligned with their goals in some way, the impact of your feedback will be limited.
  • Stay focused on a limited number of issues you want to address.
  • Provide context, if you hope to influence someone's...

The Planning Fallacy

We tend to underestimate the time it will take to complete a future task despite knowing that previous tasks have taken longer.

What you can do about it:

  • Break projects down into smaller parts and estimat...

The triple constraint factor

The triple constraint factor

The triple constraint theory tells us that every project operates within the boundaries set by three constraints:

  1. Time (the deadlines)
  2. Scope ( the features)
  3. Cost (the budget)

These constraints are inter-conne...

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