What's the biggest mistake you've made as a founder?

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This sounds silly but when I launched my first startup 5 years ago, we didn't put in a vesting schedule 😅 Wanted to see what others have done but also things we know to avoid in the future!
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One big one - we tried to unnecessarily re-invent the wheel too many times, like designing our own onboarding flow and trying to define a new category. Learned over time that copying incumbents is part of the startup process, you have to pick what to innovate selectively in order to be able to spotlight those differentiators without getting lost in the details.
That's a great tip on copying incumbents and then picking out what to innovate selectively
My biggest mistake is actually trying to Avoid mistakes by applying a specific framework. (lean ... ) Mistakes might be very different depends on products type. Sometimes trying to release as soon as possible can get you troubles but sometimes you have to release asap and go further to reach potential customers. Not Trying AB testing outbound vs inbound marketing for software based product.
Some good points! I think finding the fine line between releasing early and taking too long comes with experience haha
that's it ! EXPERIENCE. There is always something to learn as a founder.
OH GOD, so many mistakes. Overpaying employees and not negotiating influencer contracts.
did a lot of that
Waiting too long to start
Waiting for around 6 months for US registration when we could have started off with an Indian Company.
Not validating idea!
Doing more customer research early on and having more conversations with customers, investors, partners, and advisors. The more interactions I've had the more data I gather.
There are too many, but if I look at the recent times, not buying Dogecoin on time.
Haha I had dogecoin at 1 cent and then I sold it at 10 cents 😅
Oh what you gonna say for the people who bought it at 60 cents and waiting now
Settling for mediocrity in people I worked with. Always need to have everyone around you lift you up with their work ethic and capabilities.
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