I have to give credit to Keith Kraten @ Clustrix for his Linkedin post on the Startup Specialists discussion group. His list of 6 core things a start-up should be doing is dead on!
I’ve been involved in 5 start-ups, some funded some bootstrapped, and every one of these 6 was huge in each one of them. I currently work for CodeBaby and we are executing on all 6!
Here’s the list, enjoy!
I have been involved in 4 start ups and here are my take aways (the core things that matter)
1) Don’t bother to optimize existing technology. If it’s not disruptive, its not worth the effort.
2) Only enter large fast growing markets where the total addressable market is substantial.
3) Attracting & retaining top tier human talent is CRITICAL! (rockstars)
4) Don’t regurgitate speeds and feeds, tell a compelling story.
5) Execution is everything.
6) It’s all yak yak until dead presidents change hands!
-Keith Kraten
Cheers -j
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Hey man, thanks for the credit! We spun up 2 more evals this week and closed another deal. Had a great trade show (Velocity). Were off and runnin. Board meeting tomorrow with Sequoia, USVP and ATA. Good luck in your endeavors.
KK
By: Keith Kraten on June 30, 2010
at 4:16 am