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Startups in 13 Sentences

paulgraham.com

21–30 of 103 posts

Re: Startups in 13 Sentences

#21
post #20

I have a great admiration for PG. But PG sometimes creates a false reality for those young kids of becoming millionaires some day with their startup. But the truth is most of them would be heartbroken when they realize that is not always possible. I hope some of you realize this and don't waste precious life and be happy. I hope I made sense.

It would be easier to accuse me of being repetitive than not warning people.

http://www.google.com/search?q=site%3Apaulgraham.com+%22most...

http://www.google.com/search?q=site%3Apaulgraham.com+%22prob...

etc

Re: Startups in 13 Sentences

#22

Earlier quoted context omitted.

I agree with the last sentence of your comment. As for the rest, maybe you should add: rule #-1: be modest :-) I am trying to write a post on my blog about what I call the "solo entrepreneur blues", which has to do with one of the biggest mistakes I have seen by entrepreneur friends: start alone and trust no one. I'll post a link once I have the tone right.

rule #-1: be modest Touché! start alone and trust no one I'd say that's a bit strong to describe my situation. I started alone, yes; but it's more a matter of not needing anyone than it is of trusting no one.

From my limited experience, having cofounders helps with rules 11. Don't get demoralized and 12. Don't give up. Now, I'm not saying you can't abide by these rules without cofounders but having them around keeps the momentum going. One of us is always full-speed ahead.

Re: Startups in 13 Sentences

#23
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

Although I agree with your comment, I must say that everyone (and I mean everyone), who is a startup entrepreneur, knows about HN, and reads all PGs essays knows that these are advices, opinions based on the experience from funding over 100 startups. Not rules, advices. And although I applaud your efforts and accomplishments at Tarsnap, I must say that you base your argument on significantly less than 100 startups.

And although I applaud your efforts and accomplishments at Tarsnap, I must say that you base your argument on significantly less than 100 startups.

I don't believe this sort of comment is helpful. For one thing, "X works" and "Y can work, too" are not two bits of advice which are in opposition to each other, and shouldn't be treated as such. (Even when X = "Startups should have multiple founders" and Y = "Actually, you can get by with one person if...")

For another thing, evaluating expertise by weight of incomparable circumstances is not logical. If it were, we'd all be taking advice from McDonalds on how to sell software, as the sum total of all customers of every startup company which has ever been mentioned on this site would not equal the number of cups of coffee McDonalds sold worldwide yesterday. Now there are many things to learn from McDonalds, but willy-nilly application of their ideas because they have mass on their side is a bad idea. (The sweet spot for pricing is below $5. Advertising is less about motivating people to buy in the near future than building your brand image for life. Literacy is a nice attribute to have in an employee but is not necessary if you exercise proper management.)

Re: Startups in 13 Sentences

#24
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

It's always important to hear about the counterpoints. As an outside observer I'm not sure its obvious that your company wouldn't have been better off with a cofounder and a quicker release schedule. All I'm saying is: there are exceptions where its best not to follow these rules and then there are successes despite not following the best course.

Re: Startups in 13 Sentences

#25
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

We followed 4 of these (3, 7, 8, 13) and broke 7 (1, 2, 5, 9, 10, 11, 12) and ultimately failed. The interesting part is that right up until failure, we had checkmarks besides #1, 11, and 12, making 7 yes and 4 no, and then they rapidly fell into the opposite column. It's amazing how quickly they can change.

Those 3 are also quite related - while I still had cofounders, we'd kinda prop each other up during the low points, so we didn't get demoralized, so we didn't give up. But when my last remaining cofounder quit, I tried to keep it going for 2 months, but the emotional burden was far too much. I couldn't do it - if you can, good for you, but I think that there's a lot of truth in these rules.

Also - I think there's too much wiggle room in "Understand your users." I don't have it listed in either column for my startup, which tells me that we probably didn't, but most startups won't have the emotional distance to realize that. Even now, I'm not sure whether we did or not: since getting out to Silicon Valley, everyone I've told about my startup says "Oh, that's a cool idea, I wish you'd been able to finish it." Maybe we should've moved out west before quitting. ;-)

Re: Startups in 13 Sentences

#26
This list is deceptively compact.. so many experiences summarized in so little space. Yes, I agree: nothing really unheard of...but all presented succinctly in one place by one cogent voice.

Absolutely superfluous comment: I heart pg.

Re: Startups in 13 Sentences

#27
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality.

Quality is a vector, not a scalar. What's the average of Steve Jobs and Steve Wozniak? I don't think that's a meaningful question. But the vector sum of their skills was a startup with amazing technical and artistic skill, product focus, business aspirations, charisma, and salesmanship.

And I'd like to help you become ramen profitable, so let me demonstrate what I mean by putting on my Steve Jobs hat [1] and telling you a story.

I'm in the market for something like tarsnap, so i was very excited to hear about it, for the first time, in this random HN comment 23 days ago:

http://news.ycombinator.com/item?id=458793

...because the product sounds great. I may sign up any day now. But I distinctly remember that, after reading this enthusiastic blurb, I spent several minutes trying to figure out if tarsnap had any kind of decent security model. I remember this because I literally laughed out loud when I finally managed to figure out the answer, after clicking through more than one link and reading a few blog posts -- tarsnap was designed by a cryptographer! Indeed, now (but only now) I learn that it's even better than that: You're the FreeBSD Security Officer, which presumably involves a great deal of practical expertise in reviewing and fixing insecure software.

Why isn't this information on the tarsnap homepage, next to a "buy it now" button?

---

[1] It's not nice to go all Steve Jobs on someone without being asked, so I'm deliberately toning down my Jobs impression. This is like a 2 on the Steve Jobs bluntness scale.

Re: Startups in 13 Sentences

#28
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

We followed 4 of these (3, 7, 8, 13) and broke 7 (1, 2, 5, 9, 10, 11, 12) and ultimately failed. The interesting part is that right up until failure, we had checkmarks besides #1, 11, and 12, making 7 yes and 4 no, and then they rapidly fell into the opposite column. It's amazing how quickly they can change. Those 3 are also quite related - while I still had cofounders, we'd kinda prop each other up during the low po…

the emotional burden was far too much. I couldn't do [a startup without cofounders] - if you can, good for you, but I think that there's a lot of truth in these rules.

I think it would be very interesting to chart the success rates of sole-founder startups vs. whether or not the founder had a graduate degree: I get the feeling that the sort of struggles single founders often go through are very similar to the sort of struggles graduate students go through when they've been working for X years and still don't have a thesis in sight. If someone can work quietly in a corner and churn out a thesis after a few years, does that make them more likely to be able to churn out a startup by themselves?

Re: Startups in 13 Sentences

#29
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. Quality is a vector, not a scalar. What's the average of Steve Jobs and Steve Wozniak? I don't think that's a meaningful question. But the vector sum of their skills was a startup with amazing technical and artistic skill, product focus, business aspirations, charisma, and salesmanship. And I'…

Why isn't this information on the tarsnap homepage

Because the tarsnap web site sucks. (Hey, you did ask!)

Until very recently the vast majority of people interested in tarsnap were people who knew who I was, had seen my work on FreeBSD, and read my blog -- so putting information about tarsnap onto my blog was only natural. Now tarsnap is starting to gain recognition as something beyond "that thing which Colin is doing", it's probably time to revisit where and how information about tarsnap is presented.

Re: Startups in 13 Sentences

#30
post #7

I have check marks next to 8 of these, and I'm working on a 9th (ironically, #9 -- "Get ramen profitable"); but I've broken 4 of these rules, and I don't regret it in the slightest. Rule #1 -- Pick good cofounders. I picked no cofounders, based largely on the fact that that I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. (Ok, that's being a…

I couldn't think of anyone who would be interested in joining me who wouldn't dramatically lower the average founder quality. Quality is a vector, not a scalar. What's the average of Steve Jobs and Steve Wozniak? I don't think that's a meaningful question. But the vector sum of their skills was a startup with amazing technical and artistic skill, product focus, business aspirations, charisma, and salesmanship. And I'…

What's the average of Steve Jobs and Steve Wozniak? I don't think that's a meaningful question.

I agree entirely. I did say that I was being a bit facetious. :-)

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