Point

If you notice, there is one point in a startup journey after which the growth skyrockets and you start to define/influence the market in a big way.

Many of the successful startups started very differently (sometimes radically different) than what they’re doing now.  Youtube started as a dating site, Instagram originally started as Burbn, an HTML-5 mobile check in app which didn’t go anywhere for about a year. Guess how many users Pinterest had in the first year?  Just 10k.

One takeaway from the above examples and a lot of successful startups in general is, the founders were persistent enough to keep trying new things till the inflexion point was reached, because it’s so hard to figure out and build what users want. The cost of building on the internet is getting cheaper and technology startups have an unfair advantage over other businesses to reach that point faster.

Probably  “success” of a tech startup comes down to –  Can you iterate fast based on user feedback and stay determined long enough to reach that point? If you surround yourself with people (co-founder, team, investors) who are at least as motivated as you are and flexible at every stage, it doesn’t seem too hard.

2 thoughts on “Point

  1. Vivek – I do think that ‘iterating fast enough based on user feedback’ is indeed hard, even if you have a supportive team. Almost on a daily basis you need to have a pulse for users reaction to your product. Not only that, you should be able to decipher users actions, and predict what’s needed in the product to take it to the inflection point. I think successful co-founders really show their merit and camaraderie in such decision making situations.

  2. Well,I will completely agree with you Vivek.
    “Building what customer wants” is only the reason behind of success of popular startups.
    This was clearly explained in my favorite book “The Lean Startup” by Eric Ries.In this book he introduced several approaches in setting pivots in order to meet customer requirements.It was must one to read for all startup enthusiasts.

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