Dharmesh Shah

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Startups: The Elevator To Success Is Out Of Order

By Dharmesh Shah on September 27, 2012

"The elevator to success is out of order.  You'll have to use the stairs...one step at a time." ~Joe Girard

As a community, I think entrepreneurs have gotten more knowledeable over the years.  We know the difference between pre-money and post-money valuations.  We've read "The Lean Startup".  We've dug into the details of SaaS economics.  

Despite all of this education, one thing remains relatively unchanged:  The number of entrepreneurs that think that if they just have the right idea and turn into the right product, they will be skyrocketed to success like Facebook, Instagram or Dropbox.  For some reason, this magical leap to success is a persistent delusion.  

The reality is far from this.  Even the super-successful startups that we all know and love did not get that way easily.  Behind every major success story, there is usually a major effort.  It's not enough to be just smart and passionate.  There's real work involved.  And though you may jump and skip a step here or there, for most of the time that you build your startup, you'll be doing it one step at a time.  Take comfort in the knowledge that others are doing the same thing.


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The 7 Deadly Sins of Startups

By Dharmesh Shah on September 13, 2012

Not all of these are quite "deadly sins", but the "47 common mistakes of entrepreneurs" didn't quite have the same ring to it.  Enjoy.

The 7 Deadly Sins of Startups

1) Lust: Be not easily lured by the fun, sexy market. [tweet]

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2) Gluttony: Many ideas makes mayhem. More startups die from idea gluttony than starvation. [tweet]

3) Greed: Pure pursuit of profits is perilous. Pick a problem you're passionate about. [tweet]

4) Sloth: The lazy shall languish in obscurity. Toilers triumph. [tweet]

5) Wrath: Don't get angry with your competitors. Attack the problem instead. [tweet]

6) Envy: Do not copy others out of envy of their strategy. Be yourself. [tweet]

7) Pride: Hubris kills. Humility has a power all its own. [tweet]

Which of these "sins" are you committing?  Any others you'd add to the list?

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