How to Succeed With Your Startup?
I just watched Sam Altman's talk about "how to succeed with a startup". It is short, yet inspiring and I want to share it with you too.
You can watch the full video here ๐ https://youtu.be/0lJKucu6HJc?si=...
or here is my listed notes of what you need to create a successful startup according to Sam Altman:
โ
A product so good that people tell friends
โ
Easy to understand product
โ
Exponential growth in market
โ
Betting on real trends (eg. Iphone) vs fake trends (eg. VR)
โ
Ambitious vision
โ
Confident and definite view of future
โ
Huge if it works
โ
Team (smart, hard working team)
โ
Have optimists in your team
โ
Have some idea generators in the team
โ
Spirit of "we'll figure it out"
โ
"I've got it, I'll do it" spirit
โ
Work with people that have bias towards action
โ
The blessing of inexperience
โ
Momentum (never lose it)
โ
Competitive advantage over time
โ
Sensible business model
โ
Distribution strategy
โ
Frugality, focus, obsession, love
โ
Speed and agility
What do you think, how do you see yourself according to this list of items?
4
Huudle AI Project Assistant