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The best business advice I was given was in my year 10 woodwork class by my teacher—who was teaching woodwork to boys who were both frivolous and quick to make decisions on cutting into beautiful pieces of timber. The best advice I have ever received came from one of my mentors from the US. Demi Markogiannaki—founder at WeTeachMe.
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Because at least while the VC spigot is open and flowing for high-potential individuals that fit a pattern that some VCs seem to favor they can access cheap capital that isn’t terribly dilutive and can use the to fund development and swing for the fences with limited focus on monetization. If that’s you, you can ignore my advice.
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Every extra set of features that you added that served one narrow use case end up being features you need to support in future releases adding complexity to future development, usability testing, regression testing, etc. My advice? Every team I fund comes across as laser focused on their core mission.
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No one gives a s**t about your features other than your product manager and your developers. You then need sub-themes or “supporting evidence” to reinforce your key theme. If you wants some words to support the image – fine. Startup Advice' NEVER lead with features. These are weaved through your story.
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And I spoke with the CTO of another great company I used to be on the board of and enlisted his support in potentially being an advisor to one company. The following post is advice I gave to my good friend Sam Teller when he was just a junior baller, “ Never Ask a Busy Person to Lunch.” ” You simply need to ask.
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