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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

#11

You can do all of the above and still fail. Often, success or failure is luck-based and completely not skill-based.

Sometimes there's an argument that following the advice reduces your chances of failure. Ultimately like most things in life, it's a healthy dose of luck combined with hard work.

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

#12
> So while I’ll tell you that it is going to be harder for you as a woman,

I read this phrase a few times. I'm genuinely curious - and didn't really see it in the article - what are the reasons for which Jessica is referring?

Edit - downvoted for asking a genuine question...? Did it ever occur to anyone that I may be asking to see how I could help, seeing as I'm involved with a few startups?

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

#13
Focusing on growth and revenue sounds like the right thing to do for a p2p dog walking marketplace, or a SaaS enterprise meal planning app, but what about the startups solving big problems? Is month over month user growth relevant to a nuclear fusion or jet airplane startup?

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

#14
It would be wonderful if these sorts of articles (which efficiently generalize advice based on thousands of data points) could back their assertions up with a few telling case studies. It's often too easy to nod sagely at advice like "don't loose focus" but not actually recognize the pathology in ourselves in our day to day lives.

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

#15
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's giving solid advice based on having watched closely 1,000 startups succeed and fail. Just consider the advice and, if anything, give some thanks. Sheesh.

In fact, a lot of founders =think= they are building something people want but actually are not. Sure, they are unlikely to change based on a blog post but that's their problem.

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

#16

You can do all of the above and still fail. Often, success or failure is luck-based and completely not skill-based.

In a recent YC Podcast, the guest talked about luck (sorry I can't remember who it was). The interviewer asked about how much of their success can be attributed to luck. The guest agreed that, yes, there was some luck involved but luck is like collecting lottery tickets. You can take actions with your startup to increase the chances of succeeding, just like buying more lottery tickets increases your odds (by a tiny margin). You can't just start a business and wait for it to succeed or not, you have to take action and put in effort.

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

#17

You can do all of the above and still fail. Often, success or failure is luck-based and completely not skill-based.

Luck can be when opportunity and preparation meet. It's possible to increase the chances of those intersecting.

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

#18
post #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.

I worked at one startup (only four employees) that took advantage of conventions and we were able to meet several people we were considering doing business with, sign on for some market data we needed, see what other companies were working on, and meet in person the people we hired to do various things for us.

I worked at another startup with the same number of employees where we never did anything but work, work, work, focus focus focus, everyone was in such a hurry to get everything done that there wasn't time spent to see where the market currently was, what the competition was, and if we were working on products that would be desirable and successful. That company crashed and burned real hard.

If nothing else, conventions give you and your employees a bit of a forced breather from that lifestyle. But again, they aren't truly necessary, they're just tools, and can be useful or a waste of time.

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

#19

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…

Whenever someone advises "don't do this", it's usually pretty easy to come up with valid reason to do this. Fine.

The lesson here is either avoid the sinkhole of conferences/events. Or, if you are so inclined to go, make sure you understand that unless you are extremely focused and efficient, it is likely to be a waste of time for you.

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

#20

> So while I’ll tell you that it is going to be harder for you as a woman, I read this phrase a few times. I'm genuinely curious - and didn't really see it in the article - what are the reasons for which Jessica is referring? Edit - downvoted for asking a genuine question...? Did it ever occur to anyone that I may be asking to see how I could help, seeing as I'm involved with a few startups?

Some: * "networking events" with alcohol become minefields * investors will literally try to get you to sleep with them for an investment * people will not take your technical team seriously (so you look riskier) * conferences are prisons of harassment * selling to customers takes longer because (again) people don't take you as seriously

That's literally off the top of my head from things I've literally seen first hand.

Can we stop pretending the real world isn't full of douchebags?

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