2/ Stay focused! Ignore things that are a waste of time: meetups & conferences, meetings with no clear agenda, fundraising if you're not fundraising, reading lots of tech media articles, etc. Every week should feel like significant progress in the first year.

10/ Truth is, you're going to be using your gut a lot because you lack data. To compensate: talk to customers, meet people who will play a devil's advocate, & understand the tech from 1st principles. Meet people live tho. It will make a meaningful difference in what you'll learn.

12/ If you have bad customer retention, you're probably not ready to scale the company. Fix that first, then focus on growth. The #1 reason I've seen 100s of companies fail is by becoming addicted to a clever distribution strategy before their product was good. It's a trap!

Many of the best product people I know are historians of our industry. They can tell you about features built by companies big & small many years ago. Their intuition is guided by years of studying failure and success. The sooner you become a historian, the better you’ll be.

1/ Every startup goes through the same repetitive bottlenecks: (1) you need to improve the product, (2) you need awareness to test the product, (3) you have scaling problems because people like the product.

The strange truth in startupland: more well-funded startups fail because they're well-funded. Adding money to business that isn't working doesn't make it work. Once product/market fit is in place, and product distribution is humming, adding money is an accelerant.

I’ve asked multiple entrepreneurs this week how long it took to find product/market fit. Answer: two years. I followed up asking how long it took to get to $1M ARR from scratch. Answer: four years. Settle in, it’s a long journey.

Unlearning is just as important as learning. Instead, we often get so stuck to our beliefs, ideas and doings (i.e. our identity). Keep loose ties with your “identity” and your world will become infinite.

Owning things you don't really want to own ... is how you really learn

"Startups don't stop growing because of market, competition etc, they stop growing because their leaders stop growing" - good food for thought from James Currier NFX Poshmark

Impressive and Inspiring!

"A champion is defined not by their wins, but by how many times they recover when they fall." —Serena Williams

Can we (ServiceBusiness) help the homeowners while following #SocialDistancing? SmartField Labs might have some help for you!

Such an authentic and thoughtful note “I am truly sorry. Please know this is not your fault. The world will never stop seeking the qualities and talents that you brought to Airbnb that helped make Airbnb. I want to thank you, from the bottom of my heart..” news.airbnb.com/a-message-from…

Probably 20 years or more of constant work to get that “overnight success - Olympic Gold!”...

Very succinctly summarized the difference between pleasure and happiness. One of my fundamental realizations while I was making the leap for entrepreneurship!

More like, forever 😂.

Thanks for educating us all Paras Chopra

One of the most amazing stories in entrepreneurship originated from the revolutionary fervour of a man in Bengal. Nani Gopal had to flee Calcutta to avoid the British police and came to the US, where he took a job as a salesman & married an American schoolteacher

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