- recruit the co-founders
- complementary (very very different)
- growth mindset + no agreement (sparks)
- let wrong people go quickly
- go outside confort zone and events to meet people - be social. not easy.
you learn only after "you have kids"
not recommended to work with friends
- can work but it is likely to go wrong
- traumatic to let people go, a close person even worse
there is always a way (for things you don't know)
- lawyer can help
- not having a lawyer
go with a startup lawyer / hungry lawyer, eager to learn
- start with chatgpt (lawyer charge by time )
- find someone that you can pay through other means than money
- don't go for lawyers from big companies (charge the leg)
Read/know what other companies do. Marty K. book (bible of product management ?)
A lot of people should not be manager. What (people) skill they have or are willing / want to learn.
hire a senior or scale up yourself?
- decide and commit
- growth increase chances of getting fired
- do I still contribute? (keep asking yourself and other people) - not every day, maybe every week?
- example: I save time, I have understanding / experiences.
- on other hand: impostor syndrome (am I running the business or "being run" - also happens).
- do a post mortem - deeply understand it to avoid repeating.
- shit happens: move on.
hard to let go when things scale (ex: from creating the product to people management) - you may need to "suck it up".
learning about yourself helps
mix intuition and data
- start with intuition?
- quickly try to corroborate with data.
- things are not under our control . you can / should make bets
naysayers can get one going (I'll show them) don't get spooked by first reaction
budget well make sure you don't run out of money realistic budget
scarcity of money makes better products? (forces focus)
you need to take care of yourself like in sports
- running / exercise / sport / sleep
- mental heath
- ex: podcast moment as creative outlet
- ex: cooking
to solve problems
- some problems can easier be solved in a room compared to a videoconference
as fast as possible (if product is not good) - cut the cancer
check for signals from market.
understanding the problem you are solving is really key
Ideation Club - try solve a problem (university event)