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1. Don't quit your job if you can't live off savings for at least a year. Having a job allows you to have a safe base to experiment ideas without the burden of
by xenopticon 10y ago
1. Don't quit your job if you can't live off savings for at least a year. Having a job allows you to have a safe base to experiment ideas without the burden of making profit.
2. This is business, forget about the tech stack you are using or finding the perfect tool. Your main goal is to create value and make someone's life easier. My advice is to use the tools you are most familiar with, this will allow you to be productive without worrying about things like "which chart library is the best for Angular 2 RC 5". There are successful business that started out with a spreadsheet.
3. Be aware of survivorship bias. While Levels apparently succeeded bootstrapping many of his businesses (and I think he did), there are hundreds of other people that you'll never hear the name of who failed miserably and wasted many keystrokes on launching a failed product.
4. "Perfect is the enemy of good". Ship things fast and don't be afraid of doing things that don't scale like processing payment, hard coding a few things (if you know what you're doing) and even calling users to get a feedback on your product.
- porpoisemonkey 10y agoAbout #1... If you're going to work in the same field while trying to start a company it's important to have your employment contract reviewed by an attorney. Intellectual property rights can become contentious if your business starts making money.