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46 propositions

49 inferences

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Claim

Building something users love and spending less than you make is key to startup success




Arguments

If it is true that...

Spending money slowly encourages a culture of cheapness

and

Startups should aim to be cool and cheap, not expensive and impressive

Then it must be true that...

Building something users love and spending less than you make is key to startup success

If it is true that...

Most businesses that fail do so because they don't give customers what they want

and

In nearly every failed startup, the real problem was that customers didn't want the product

Then it must be true that...

Building something users love and spending less than you make is key to startup success

If it is true that...

The initial idea for a startup is only a beginning and not the key to the whole process

and

Good people can fix bad ideas, but good ideas can't save bad people

Then it must be true that...

Building something users love and spending less than you make is key to startup success

If it is true that...

Understanding users is the single most important issue for technology startups

and

The best way to figure out what customers want is to watch them and talk to them about what they need

Then it must be true that...

Building something users love and spending less than you make is key to startup success

If it is true that...

A startup makes money by offering people better technology than they currently have

and

Generating ideas for startups often involves looking at something people are trying to do and figuring out how to do it better

Then it must be true that...

Building something users love and spending less than you make is key to startup success


Consequences

If it is true that...

Starting a startup does not require extensive knowledge about business

and

Building something users love and spending less than you make is key to startup success

Then it must be true that...

Understanding your business is key to success as a startup

If it is true that...

Building something users love and spending less than you make is key to startup success

Then it must be true that...

Three things are needed to create a successful startup: starting with good people, making something customers want, and spending as little money as possible