Tuesday, October 17, 2006

18 Startup Mistakes

Found this article by Paul Graham through Digg, and I thought it was interesting. It details 18 mistakes that cause a startup company to fail.

Here's a quick summary list. Read the article for details on each one.

  1. Single Founder
  2. Bad Location
  3. Marginal Niche
  4. Derivative Idea
  5. Obstinacy
  6. Hiring Bad Programmers
  7. Choosing the Wrong Platform
  8. Slowness in Launching
  9. Launching Too Early
  10. Having No Specific User in Mind
  11. Raising Too Little Money
  12. Spending Too Much
  13. Raising Too Much Money
  14. Poor Investor Management
  15. Sacrificing Users to (Supposed) Profit
  16. Not Wanting to Get Your Hands Dirty
  17. Fights Between Founders
  18. A Half-Hearted Effort

Although some of these are pretty obvious, you'd be amazed how many companies make these mistakes.

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