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Teams are remote, own the
business and don’t feel like employees Mix of highly experimented professionals and very creative millennials Matthew Mansfield Dami Dina Kevin Wolf Jean-Jacques Borie “We’re too slow and too old in this company”
Entrepreneurs break the rules Travis
Kalanick and Uber got sued non stop but kept going Uber and Airbnb were illegal from day one in many places but kept operating
Speed is the #1 competitive
weapon Rapid product beats competition Rapid results builds team morale which leads to more success Rapid results generate more interest Rapid results increases valuation (NFX Guild)
- Henry Ford The competitor
to be feared is one who never bothers about you at all, but goes on making his own business better all the time.
Set the time, not the
output What product can I build in: 3 months? (Directhit, Xfire) 8 days? (Hot or Not) 30 days? (Jiff) 1 month? (Meerkat) (NFX Guild)
How startups win No QA
No Usability Studies No Focus Groups No Politics No Endless Debates No Board of Directors No Bus Dev Deals No PR No Marketing Spend No Budgeting Process (NFX Guild)
Thanks! Loic Le Meur More
on my newsletter at leade.rs/loicnewsletter facebook.com/loic twitter.com/loic loic@leade.rs
Editor's Notes
I’m always paranoid (only the paranoid survives) and I’m always scared. Raise of meditation and mindfulness among the startups https://en.wikipedia.org/wiki/Shoshin Your mission is to always be learning - James Currier NFX
I’m always paranoid (only the paranoid survives) and I’m always scared. Raise of meditation and mindfulness among the startups https://en.wikipedia.org/wiki/Shoshin Your mission is to always be learning - James Currier NFX
The faster you launch the faster you know if customers will like the product The lean startup model: no waste
Uber was focusing on high-end limousine rides while Lyft was mainstream
Startup entrepreneurs work with Outside business angels and investors Which provide much more than $ Ideas Connections Force accountabilty I raised from 50+ business angels for my own startup Leade.rs
The faster you launch the faster you know if customers will like the product The lean startup model: no waste
iterate sometimes on a daily basis based on feedback and data
the service rating your company by your employees https://www.glassdoor.com/facebook
CEO sharing directly CEO interacting directly
Ev Williams and Jack Dorsey were doing a podcasting service They did not believe in Twitter for months Stewart Butterfield designed a game before slack Travis Kalanick and Garrett Camp decided to make Uber as they could not find a cab in Paris