What Is A Startup
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. Instead of working at a low intensity for forty years, you work as hard as you possibly can for four.
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Tips On Selling A Startup
- Minimize risks by selling your startup in the early stages, giving up upside for a smaller but guaranteed payoff. Unfortunately, big companies tend to be risk-averse, so it is easier to sell an established startup than an early-stage one.
- Selling allows you to diversify away f...
The Issues With Running Startups
- Your competitors decide how hard you work. And that’s often as hard as you possibly can.
- Payoff is only on average proportionate to your productivity. You might end up earning as much or less than you would in a big company if the endeavor fails, and failures are common...
Start with a small market and dominate
Every startup is small at the start. Every monopoly dominates a large share of its market. Therefore, every startup should start with a very small market.
The perfect target market for a startup is a small group of particular people concentrated together an...
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