Just reposting a comment I made on the
Lean Startup Circle. In a nutshell the writer was asking how you you build a solid startup that can come out on top when barriers to starting companies are so low, leading to increased competition. The context being assuming one is following a Lean Startup / Customer Development / Agile Development methodology, or similar. My thoughts:
I think what you’re asking about comes down to execution. There are very rarely truly unique start-up ideas. One always has competitors.
You win by…
…not having a team that flames out due to internal squabbles (big
…having a specific well-seeded route-to-market (“something viral” doesn’t cut it)
…building a corporate culture that attracts the best talent for above
Note - I don’t mention features and functionality because that’s
something I think you learn from your customers as you nail down your product/market fit.
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