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Failure Not So Bad, But Learn The Ropes
This Fortune post is encouraging and informative. Encouraging because fewer startups fail than urban myth predicts and informative because insights shared about learning the rules of the road are accurate to our startups experience.
If you think creating a startup is unstructured and free you'd be wrong, very wrong. Startups have an intricate ballet of rules, gatekeepers, and customs. Ignore any of those things at your startup's absolute peril.
I don't think my startup failed due to impolite attention to rules and regulations. We failed because we didn't have the right people sitting in the right seats on the bus. Friends and business partners can be one and the same, but hiring friends creates more work not less.
When hiring friends you need to guard against your assumptions and playing rough can be harder with friends. Playing rough is needed because every startup is a life or death struggle against time, competition and the evolution of markets. This post shares all of that and more. A good read for any wannabe startup entrepreneur.
Via Jay
