startupspark.com— Startups always make mistakes, it's part of the process. But here's a list of the 5 most common ones that you should be able to avoid.
Mar 15, 2007View in Crawl 4
They missed out the two pretty big issues.#6 Make sure you have the right team. It's unlikely that you'll know how to do everything (or indeed have time to) plus VC's and other investors will look at your team above practically anything else. It's rare for sole traders to get big.#7 Living in the wrong area. In order to attract the right team, plus other support services, you need to be in the right area. It's no surprise that places like Silicon Valley give berth to so many start-ups.
Living in the wrong area, which is in one of the comments above, may not always mean Silicon Valley. If your product is for the technorati yes. But if your mass market and revenue source is the non-tech savvy crowd being here may give your product vision blinders!
quicMar 15, 2007
wow, i don't care at all about this!!!
skitzzoMar 15, 2007Submitter
@quic - funny, that's precisely how I feel about you!
foberMar 15, 2007
Damn, I thought this was about the Windows startup.
appletalkMar 15, 2007
To me, #3 is the most important of all
supercubeMar 15, 2007
Could you have been any more vague with the title or description?
brundlefly76Mar 15, 2007
I never had a problem with #3 - I outsource everything.#5 is the toughest lesson that I had to learn, and the learning of it never ends.
Closed AccountMar 15, 2007
as if digg is full of people who are capable of starting a business
youtoolMar 16, 2007
A common mistake is selling too much (#3). An Excellent product and high sales does it for me.
phreak79Mar 20, 2007
They missed out the two pretty big issues.#6 Make sure you have the right team. It's unlikely that you'll know how to do everything (or indeed have time to) plus VC's and other investors will look at your team above practically anything else. It's rare for sole traders to get big.#7 Living in the wrong area. In order to attract the right team, plus other support services, you need to be in the right area. It's no surprise that places like Silicon Valley give berth to so many start-ups.
traffichoneyMay 27, 2009
Living in the wrong area, which is in one of the comments above, may not always mean Silicon Valley. If your product is for the technorati yes. But if your mass market and revenue source is the non-tech savvy crowd being here may give your product vision blinders!