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Stats
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