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Heuristics to maximize antifragility translated as lessons for a startup: Heuristic 1: Minimize the cost of experimentation. You can do this by limiting yours
by resiros 4y ago
Heuristics to maximize antifragility translated as lessons for a startup:
Heuristic 1: Minimize the cost of experimentation. You can do this by limiting yourself to experiment you can easily implement, i.e. MVPs that you can launch in 1-2 months
Heuristic 2: Try to maximize the number of experiments you can do. Let's say you have 18 months runway, and 2 months per experiment. You should focus on trying out 9 ideas / mini-pivots / features in these 18 months. You should focus more on the number of experiments to run than the outcome of the experiments.
Heuristic 3: Keep your optionality. For instance, it's better not to get locked into a contract with a large enterprise early on, since this will limit your possibilities.
Heuristic 7: Keep it simple. Narratives lead to complex solutions. Simple solutions work best.