By maintaining an active feedback system at every stage of a startup, founders can reduce their burn rate, increase their virality coefficient, and retain key hires.
Sentiment: NEGATIVE
The answers to all a startup's challenges are out there. By setting up the right mechanisms for gathering feedback, the road to success can be a less bumpy ride.
Founders, presuming they know their customers, assume they know all the features customers need.
Many founders hire just because it seems like a cool thing to do, and people always ask how many employees you have.
There's a lot of glorification of startups and being a founder. People brush the failures under the rug, but that's the worst thing you can do. You kind of have to face it head on.
I hear so many startups talking about how they can raise VC instead of questioning whether they need it in the first place.
For a startup, you need to stay small so the others don't attack, or you aim to be one of the big guys. If you don't do it right, you might lose everything.
There is a long history of founders returning to companies and doing great things. Founders are able to set the vision for their companies with an authority no one else can.
One of the perks of being the founder is that you get to build the company in your image.
Startups are rapidly changing systems. If you use an annual review cycle, you aren't getting feedback at the same pace that you need to adapt and change the business.
Every successful business, even Google, Facebook, Twitter, started with a combination of manual improvements and friends of the founders using the site.
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