It’s Easier to Succeed with a Hard Startup

Source: Hard Startups

Hard Startup

  • Requires a lot of either/and
    • money
    • time
    • coordination
    • technological development
  • Attracts more talented people in the long run as talented people want to work on something they find meaningful. Hard startups can attract talented people using their
    • mission
    • likelihood of massive success
    • quality of people
    • statement of “the world needs this, it won’t happen any time soon if we don’t do it, and we are much less likely to succeed if you don’t join.”
  • If people care about your success because you seem committed to doing something significant, it’s a background force helping you with hiring, advice, partnerships, fundraising, etc.

Advice on doing hard startups

  • Let yourself become more ambitious — figure out the most interesting version of where what you’re working on could go. Then talk about that big vision and work relentlessly towards it, but always have a reasonable next step.
  • Be willing to make a very long-term commitment to what you’re doing.

If it becomes difficult to hire many talented people

  • think about startups that can become quite successful with less than ten people