ITNorthWest Voice

This is a blog for all the technology entrepreneurs based in the North West of Ireland - musings about our business, companies, interests, trends and any other random thing that hits us.

Monday, November 08, 2004

The five habits of highly effective startups

From a Red Herring article by Eric Hahn (former CTO of Netscape) The 5 are.... 1. Identify a market with an underserved need and attractive economics which could potentially be pursued by a new company. 2. Build the best possible team, including an appropriate balance of domain experience and unbridled, youthful passion. 3. Get into the market with the absolute minimum viable product in the absolute minimum amount of time – while maintaining quality (it’s a hard balance to achieve – this is where experience really counts). 4. Do whatever it takes to delight your early customers (or users in a consumer business). Spare no expense to make every single one reference-able. 5. Listen and learn from your customers, technical experiences, competitors – develop metrics with which to measure yourself and use these to incrementally expand as fast as the market and capital will allow.


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