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I actually disagree with this. Of course, building the wrong product and having poor sales/marketing and all that other stuff matters a lot, BUT if the startup
by vasilipupkin 10y ago
I actually disagree with this. Of course, building the wrong product and having poor sales/marketing and all that other stuff matters a lot, BUT if the startup's technical people are weak and cannot quickly iterate, then this startup will bleed money really fast, while not being able to quickly modify the product as needed. So, I would say, you need to do technical diligence on the founders, but not necessarily on their code
- ilaksh 10y agoI've worked one at least two or three little startups where they were iterating fast but the code never really worked (core functionality broken) and the non-technical people' didn't even find out until I came in to 'fix a few bugs' and found a pile of spaghetti which could not possibly function correctly. So just be careful how you define 'iterate' and how much emphasis you put on 'quick'.
- vasilipupkin 10y agoexactly, so that's what happens when a startup tries to iterate quickly, but doesn't have the right technical people who can pull it off.