Things we did wrong as a startup
neiljoglekar.com
neiljoglekar.com
For the hiring tip, you say "don't hire friends" and then immediately after "in some cases it worked out great". Perhaps could use an example of how this was #1 on your list of 3 worst mistakes.
#2, don't raise money too early. And then you say you actually backed out of the deal and didn't raise money after all. So this #2 greatest mistake didn't happen to you but almost did?
I guess things are going so great you are having trouble finding some things that went wrong?
One observation of small teams with smart people: It's easy to get sucked into lengthy analysis/strategy sessions, which can lead the team down false paths and inaction on product.
I think the author is basically saying the same thing.
Paul's essay [1] on 18 mistakes (be known that these may be challenges for some, not really mistakes) that can kill a start-up discussed these issues very nicely.
Enough said.
If you have two choices one bad and another less bad you will chose the less bad, when instead you may just want to step back and ask is either choice the correct one.
Why do supermarkets put the most frequently sold items at the back, when it would be so much easier for customers if they were right by the entrance?
But you're right about not always choosing the "less bad" when there are other options you may not be considering.
Three so far, a few more to go...