This sounds silly but when I launched my first startup 5 years ago, we didn't put in a vesting schedule π
Wanted to see what others have done but also things we know to avoid in the future!
Hiring lawyers on a retainer before launching a product, lol. Sharing this here so no-one would do same stupid thing I did when I was starting.
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Didn't build a audience before launch.
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to get lost with all the possibilities we have ^^
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Not starting any sooner.
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Prioritisation. The initial goals for the startup should be to get the direction right in terms of product, market, possible users etc before throttling on execution and tech-related challenges. Going about the process without a hypothesis resulted in panic and random dart-throwing as a strategy.
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Nothing new to this thread, but not jumping on marketing and sales earlier. If I were to go back, I'd start and/or hire marketers MUCH earlier.
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My biggest mistake was to rely on not qualified engineer whole working on the first prototype of the guitar we're making. We had a problem just before showing it on the conference, as the prototype didn't work! We have managed to find a good engineer after this fail.
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Be more resilient and focus on only one product
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Biggest mistake was get a technical co-founder who had stopped coding in his career a long time ago. He may not be needed to code, but he is the final bastion if all code breaks down, (and it inevitably did)
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