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Jessica Livingston’s Pretty Complete List on How Not to Fail

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Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#2
Jessica asserts that conventions are too distracting and you shouldn't go to them.

I don't completely agree with that. Depending on what type of business you're making, the best way to get work done is to go to conventions, because that's the only time you can easily meet with a bunch of people that are related to your industry and make new partnerships, check out new hardware/software solutions to save time or money, possibly hunt for some new talent to join the company, discuss business propositions, etc, can all be possible in much shorter period of time than doing the same outside the convention.

Even just having the opportunity to meet someone face to face that you've been doing business with for the past several months can be useful.

That being said, you don't need to go to a lot of them. Attend only one or two of the most productive ones per year (most productive ones are not always the largest), and you should get a lot done without spending too much time at them.

Also don't go if you're strapped for cash, as they're often expensive (depending on the industry). They're not absolutely necessary, and they can be a waste of time if you don't utilize them properly. But they can be helpful tools.

Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#3
How many startup founders do you know think they aren't building something people want?

These are some nice tips, but the problem with this advice is that it probably won't change founder behaviors.

Most startup founders I know would think that they are focused, building something people want, not over hiring, etc...

With the exception of the default alive or dead, none or the other tips are really quantifiable.

I appreciate everything Jessica has done, and she has a wealth of experience and exposure to a wide variety of startups, but this advice is too subjective.

Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#4
post #3

How many startup founders do you know think they aren't building something people want? These are some nice tips, but the problem with this advice is that it probably won't change founder behaviors. Most startup founders I know would think that they are focused, building something people want, not over hiring, etc... With the exception of the default alive or dead, none or the other tips are really quantifiable. I ap…

She does mentions how to deal with that problem:

> If you do the first two things I told you, make something people want and focus, you’ll get growth as a result. And that means you can use growth as a test of whether you’re doing those two things.

Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#6
I also think it's super important to make something you can sell in addition to making something people want. Frankly, there are so many things people want but not every founder has resources or is well-equipped to sell it.

Your goal as a founder is to maximize chances of __your__ success. Having the right founder-market fit goes a long way.

Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#8

Jessica asserts that conventions are too distracting and you shouldn't go to them. I don't completely agree with that. Depending on what type of business you're making, the best way to get work done is to go to conventions, because that's the only time you can easily meet with a bunch of people that are related to your industry and make new partnerships, check out new hardware/software solutions to save time or money…

I think conferences and conventions are the kind of thing that you can get some utility out of once your business is somewhat established and running, but not so much when you have a new startup that you need to take off the ground. Since YC focuses on the latter it's understandable that they would advise against them.

Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#9

Jessica asserts that conventions are too distracting and you shouldn't go to them. I don't completely agree with that. Depending on what type of business you're making, the best way to get work done is to go to conventions, because that's the only time you can easily meet with a bunch of people that are related to your industry and make new partnerships, check out new hardware/software solutions to save time or money…

I think the difference you're talking about comes down to /why/ you're going to the conference.

If you're going to meet either of the two main goals - growth, talking to users - then you're going to do those things, not to go to a conference.

Re: Jessica Livingston’s Pretty Complete List on How Not to Fail

#10
just as a side note. She pretty much says that "ugly duck hiring" (hiring start-ups that seem to be on a good track but have burned too fast through their money) may be a thing to make money with.

PS: And i don't like the "not fail" part. You don't want to not fail. You want to succeed. If you fail and succeed the failing is fine.

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