Startups are inherently risky, but prematurely going all in is even riskier. Instill a bootstrapping mindset to get you to the first significant milestone. Not Product/Market Fit, but Problem/Solution Fit. Problem/Solution Fit is when you go from hoping you’ll create something people want to knowing you will. Spend three months now to save you three years later. The Bootstrapping Operating System: https://lnkd.in/gqusDjhU
Risky decisions = Potentially detrimental Slow progress = Sustainable growth Balancing risk with patience is key to long-term success. Sustainable growth is worth the wait.
Great perspective, Ash Maurya! Prematurely going all-in can be incredibly risky for startups. Spending the time to validate problem/solution fit upfront is a wise investment that can pay dividends down the line.
💯 Fall in love with a problem, not the solution.
I can't agree more! Chances to have a successful product are diminishing if there is no viable solution to URGENT & IMPORTANT problem for those who have MONEY to solve the problem.
Thanks for sharing Ash!
Founder Coach | Helping Early-Stage Founders Get Traction & Paying Customers and Create Product/Market Fit Strategies | Former Founder ($80M+ Exit) | Making Startup Success Less Complicated
5mo100%. According to the annual CB Insight poll on Why Startups Fail, every year, close to 40% of startups fail due to "No Market Need". Taking a few months to validate is time well spent to avoid being one of the 40%!!!😎👍