Don't launch
startuplessonslearned.blogspot.com
startuplessonslearned.blogspot.com
Some other points he makes include -
- Startups should be optimized to learn [product and customer are being discovered]
- Sales metrics are a good thing [start small with $5/day search engine marketing, iterate until this yields results ]
- Bite off small chunks of development [and release them, as they often are a distinct usable feature]
Coordinated marketing and product launches make sense in the context of a Product Development model but cut into your ability to learn in the context of a Customer Development model. Instead of allowing your initial customers to teach you about your product, you are skipping that step and going straight to teaching the market about your product.
A few months ago, I launched my pet project to the public, with some nice publicity on websites like TechCrunch, but it was incredibly difficult to capitalize on the benefits of launching a premature product.
I thought it was successful. (it was certainly better than not doing a marketing launch at all)... but this didn't take into account the fact that it would have been significantly better if we had launched with good timing and with a better tested product.
I'll know for next time :)
It is incredibly different to capitalize on the benefits of launching a product on Techcrunch, unless you are selling your product to exactly the type of people who read Techcrunch. If your product is Amazon S3, they're great customers to have. If your product solves business problems for bakers, not so much.
The people who benefit most from Techcrunch are the startups where the company is the product, because "We got 100,000 users!" (who don't pay us money) and "We got on Techcrunch!" (who don't care about us) sound impressive when you're trying to sell that sort of product.
In that post, he mentions bidding directly against searches for competitor products. If the competitor has trademarked the terms, is it legal to use them as keywords? I've heard of companies receiving "cease and desist" orders for such behavior.
The general approach seems to be, unless the trademark holder specifically complains, you can place ads on their keywords, and even use their trademark in your ad, as long as you're not pretending to be them. "We're better than X", for example. And if the trademark holder does take issue with it, they're at least as likely to take it up with Google as they are to take it to court.
Joel makes similar points eloquently in "Good Software Takes Ten Years": http://www.joelonsoftware.com/articles/fog0000000017.html
If one can't execute all those simultaneously, it's better to sit back and watch competition do it instead, and whilst doing this, it may or may not be advantageous to be public.