How Design Thinking Transformed Airbnb from a Failing Startup to a Billion Dollar Business
We had this Silicon Valley mentality that you had to solve problems in a scalable way because that’s the beauty of code. Right? You can write one line of code that can solve a problem for one customer, 10,000 or 10 million. For the first year of the business, we sat behind our computer screens trying to code our way through problems. We believed this was the dogma of how you’re supposed to solve problems in Silicon Valley. It wasn’t until our first session with Paul Graham at Y Combinator where we basically… the first time someone gave us permission to do things that don’t scale, and it was in that moment, and I’ll never forget it because it changed the trajectory of the business.
Co-Founder Equity Calculator
The Co-Founder Equity Calculator is based on almost 3 years of one-on-one discussions with entrepreneurs through the co-founders meetup, the startup conference and advising various founders.
Bored People Quit
There is a bevy of unpredictable reasons that someone will leave, but boredom is an aspect of their daily professional life you can not only easily assess, but also fix. More importantly, boredom is not initially catastrophic. Boredom shows up quietly and appears to pose no immediate threat. This makes it both easy to address and easy to ignore.
Whom Should You Hire at a Startup?
The company with the best team on the field will win. This will be the team who hires the most talented people, channels them in the most productive configuration and gets the most output from their unique capabilities.
So how exactly do you assemble such a team?
Culture And Fit
Companies are not people. But they are comprised of people. And the people side of the business is harder and way more complicated than building a product is. You have to start with culture, values, and a committment to creating a fantastic workplace. You can’t fake these things.
The 7 Ways Dropbox Hacked Growth to Become a $4 Billion Company
Did you know Dropbox has spent very little on advertising, yet it is worth $4 billion? What have they done that’s made their business so successful?
They’ve implemented many growth hacks that we’ll discuss in this article. What’s a growth hack? Instead of using traditional advertising to “buy” each new customer, it’s possible to use growth hacks to acquire customers in ways that scale. In other words, the cost of acquiring each additional customer is much closer to $0. All you have to pay for is the execution of the growth hack, and then it keeps growing your business at little to no extra cost.
The Role of Non-Technical Cofounder In a Web Startup
There’s plenty of work to go around at a startup. Take it off your technical co-founder’s back so he can get the most out of his time building the product.
A good non-technical co-founder is not just a “business guy” or “salesman”. He is the person who helps create an operationally and commercially viable company around the product. Doing this well can be equally important to have a good product, or, to put it better, the product would take twice as much to develop and end up worth less if someone wasn’t taking care of all the rest. These are not mere administrativia I’m talking about. It’s parts of execution that some folks can do remarkably better than others and can make the difference between a simple tech project and a successful technology company.
How to Get Startup Ideas
The way to get startup ideas is not to try to think of startup ideas. It’s to look for problems, preferably problems you have yourself.
The very best startup ideas tend to have three things in common: they’re something the founders themselves want, that they themselves can build, and that few others realize are worth doing. Microsoft, Apple, Yahoo, Google, and Facebook all began this way.