Monday, June 14, 2010

8 Steps to Starting a Start-Up

Here is a good post which I read in a blog from Ben Casnocha

8 Steps to Starting a Start-Up

As good as a list as I've seen from VentureHacks:

  1. Move to Silicon Valley. [BC: Not mandatory]

  2. Pick a great co-founder with complementary skills.

  3. Select people with intelligence, energy and integrity.

  4. Pick a big market.

  5. Develop the minimum viable product to test your hypothesis about what the market needs. Preferably it’s a product that you’re passionate about since you’ll need to stick with it to an irrational point (the Internet especially is efficiently arbitraged).

  6. Iterate like crazy until you find product/market fit. If you don’t find it, do not raise money, do not pass go. Start over.

  7. If you have found product/market fit, raise money from high-quality people that you trust. Keep control.

  8. Scale. Hang on.

The links within the list are good as well.


  • Interview with Australian teen who had a party when his parents were out of town and refuses to apologize on TV.
  • Clint Eastwood lists three reasons why he will never win an Oscar.
  • Chris Yeh comment on my post on interestingness: "Things are interesting when they are both novel yet strangely familiar. It's like when you meet a new person, yet it seems like you've known them forever."
  • Interesting photo project of strangers touching each other.
  • Mexico's conflicting interests when it comes to the drug trade. Another masterful analysis from Stratfor."