Luke Emery

What's the most important lesson you've learned from a startup failure?

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Heleana Grace
Don't get too ambitious, at least not at the beginning. Allocate your resources to what your startup actually needs first, not what you want it to look like.
Luke Emery
@heleana Yeah MVP is the most important so you can get users. Features are easier to add than customers
Surya Manivannan
When I was getting into entrepreneurship, I based my startups around product ideas i found cool. As I tried to gain users, I spent most my time convincing them that the problem my product is “supposedly” solving is real. The most valuable lesson i learned is coming up with cool product ideas is easy. Identifying the right problem will get you half way up the mountain.
Luke Emery
@surya_manivannan1 Yes I think creating cool businesses is the worst idea ever because 10 million other people have the same idea. Whenever anyone tells me they are going to start a t shirt or jewelry company it hurts my heart
Surya Manivannan
@luke_emery yes Luke agreed. the traditional idea like you mentioned as well as the outrageous ideas 😂
Eugene Sanders
Accepting that failure is part of the process. Pivoting, learning, iterating - that's key. Client's experience on handling obstacles could also provide valuable insights.
alishay noor
Tom Saju
build an MVP and give more importance to market validation. The mistake we did was that we worked on making a perfect product but didn't got any customers.
Alexey Anshakov
Don't give up, and remember that every failure is just a step on the path to success.
phuong bui
is this problem realistic and painful enough?
Khushi Mittal
A key lesson I've learned from a startup failure is the importance of adaptability. The business landscape is constantly evolving, and startups need to be agile and willing to pivot when necessary. It's crucial to listen to customer feedback, monitor market trends, and be open to making changes to your product or strategy to stay relevant and meet customer demands.
Tsagaankhuu.T
Real answer is "Don't give up"
Pradyum Yadav
One of the most valuable lessons I've learned from a startup failure is the significance of building a strong team. Success is rarely achieved alone, and having a team with complementary skills, shared vision, and a strong work ethic is crucial. It's important to focus on hiring the right people, fostering a positive company culture, and empowering your team to make decisions and contribute to the company's success.