February 17, 2010 | In: Development, business

Startup in 13 sentences

This is a great list of startup commandments by Paul Graham

1. Pick good cofounders
2. Launch fast
3. Let your idea evolve
4. Understand your users
5. Better to make a few users love you than a lot ambivalent
6. Offer surprisingly good customer service
7. You make what you measure
8. Spend little
9. Get ramen profitable
10. Avoid distractions
11. Don’t get demoralized
12. Don’t give up
13. Deals fall through

Paul elaborates on his points on his blog

Number 9 is my favourite!

“Ramen profitable” means a startup makes just enough to pay the founders’ living expenses. It’s not rapid prototyping for business models (though it can be), but more a way of hacking the investment process. Once you cross over into ramen profitable, it completely changes your relationship with investors. It’s also great for morale.

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