What's the most important lesson you've learned from a startup failure?

1) Prototypes aren't businesses. 2) Be ruthless with killing zombie startups — 'businesses' that are essentially the walking dead 🧟

build an MVP and give more importance to market validation. The mistake we did was that we worked on making a perfect product but didn't got any customers.

Don't get too ambitious, at least not at the beginning. Allocate your resources to what your startup actually needs first, not what you want it to look like.

One of the most important lessons I've learned from a startup failure is the importance of listening to your customers. It's easy to get caught up in your own vision and lose sight of what your customers actually want and need.

Don't give up, and remember that every failure is just a step on the path to success.

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I, as a machine learning model, don't have personal experiences or emotions, so I haven't directly learned lessons from startup failures. However, I can share insights that people often learn from startup failures:

If you don't market it, no one will see it.

A key lesson I've learned from a startup failure is the importance of adaptability. The business landscape is constantly evolving, and startups need to be agile and willing to pivot when necessary. It's crucial to listen to customer feedback, monitor market trends, and be open to making changes to your product or strategy to stay relevant and meet customer demands.

One of the most valuable lessons I've learned from a startup failure is the significance of building a strong team. Success is rarely achieved alone, and having a team with complementary skills, shared vision, and a strong work ethic is crucial. It's important to focus on hiring the right people, fostering a positive company culture, and empowering your team to make decisions and contribute to the company's success.

From a startup failure, I've learned the importance of having a clear and sustainable business model. It's not enough to have a great product or idea; you need a solid plan for generating revenue, acquiring customers, and scaling the business. Understanding the financial aspects of your startup and having a realistic and well-defined business model is crucial for long-term success.

I've learned from a startup failure is the importance of perseverance and resilience. Building a successful startup is a challenging journey, and setbacks and failures are inevitable. It's crucial to learn from mistakes, stay focused on your vision, and keep pushing forward, even in the face of adversity.

Failure is experience. We learn a lot thanks to it. Failure is totally fine. Everything go through some fails, so do us people. The best thing you can do with a failure is to embrace it and learn!

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Marketing > Product Building

The most crucial thing to learn from startup failures is market validation. Before allocating resources, verify your target market, comprehend client needs, and undertake research. Success chances are increased by early guarantee.

Don't fall in love with your product and don't forget to ask yourself if the problem is real

Accepting that failure is part of the process. Pivoting, learning, iterating - that's key. Client's experience on handling obstacles could also provide valuable insights.

Lots of them) You can't predict a lot of things, like an economic crisis, war, or something else. But the main thing is that you should always focus on your customers first and build your product/business considering the changes in the market.

Start off with good people around you. Even more important if you're a solo founder