Loic Le Meur 10 rules for startup success
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Introduction
Everyone's favorite French entrepreneur and now Bay Area resident Loic Le Meur has created his 10 rules for startup success. Loic is currently the founder of Seesmic, a kind of video Twitter. Previously he founded ublog which merged with six apart.
This originally appeared in FT article linked above.
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Don’t wait for a revolutionary idea. It will never happen. Just focus on a simple, exciting, empty space and execute as fast as possible.
2
Share your idea. The more you share, the more you get advice and the more you learn. Meet and talk to your competitors.
3
Build a community. Use blogging and social software to make sure people hear about you.
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Listen to your community. Answer questions and build your product with their feedback.
5
Gather a great team. Select those with very different skills from you. Look for people who are better than you.
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Be the first to recognise a problem. Everyone makes mistakes. Address the issue in public, learn about and correct it.
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Don’t spend time on market research. Launch test versions as early as possible. Keep improving the product in the open.
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Don’t obsess over spreadsheet business plans. They are not going to turn out as you predict, in any case.
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Don’t plan a big marketing effort. It’s much more important and powerful that your community loves the product.
10
Don’t focus on getting rich. Focus on your users. Money is a consequence of success, not a goal.
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