Having started two companies and been on the boards of several more, I have some first hand insights to what work and what doesn’t for early stage companies. While the following are my top four, there are certainly many others. And none of these are truly unique to me.
Similarly, there are always examples of companies who’ve done just the opposite and yet prospered immensely.
a) Amazon losing $7 on each book and making it up in volume,
b) Twitter not needing revenue and
c) Zenga raising money when its not needed.
So without further adieu, here’s what I look for as best practices within an early stage company:
Ideas are easy, Implementations are hard
While its imperative that companies be able to pivot based on customer feedback (see bullet...