Why now is the best time to start a startup? Transformatoinal changes in technology, politics, economy, environmental make it condusive to build a startup. Yes, it's plenty of risks you have to take, it's a risk worth pursuing.
Do not build a new community <br />..is a lot harder than you think<br />They have won the battles<br />
Do not create a new market<br />unless your product is unbelievably innovative<br />Less competitors could also mean the market is too small<br />
Do not obsess with<br />your competitors<br />They’re likely as clueless than you are (even more)<br />
Do not make advertisingas your primary source of revenue <br />unless you’re sure that <br />you’ll be the top 5 sites<br />in your product category<br />OR <br />you’re serving an exclusive market <br />
Do not use viral as your primary strategy<br />More and more people are immune to the viral strategies <br />
IdeasEvolve<br />Don’t search for perfect ideas, it’s very likely your ideas evolve along the way<br />
Do not build many featuresin your first release<br />Acquire additional features after extensive observations<br />Twitter executes this approach very well<br />