As the Indian startup ecosystem celebrates @zomato's IPO, here are the 5 lessons an early-stage founder can learn from it about entrepreneurial mindset, product & marketing.
Thread 🧵
1/ Don't obsess over unimportant things
Early on, founders treat every decision as being equally important.
- “What should be the color of this button?” becomes a team discussion.
- The font/ font size of the pitch deck is a serious team meeting
1/ (contd.): Zomato’s story
Even naming the startup becomes a bottleneck!
Zomato started as:
- Foodlet.in
- Then changed to Foodiebay.com in 2008
- Finally changed to Zomato only in mid-2010
I’ve built 2 startups & tens of products and I am often asked this question - “How do you validate your startup idea?”
So, in this thread, I share:
- What a realistic expectation of "validating an idea" is
- 9 ways to a validate your idea
Thread 🧵
Disclaimer: This isn't magic!
Let's be clear from the outset: **No method validates your idea a 100% other than actually just going for it**.
If there were a way to do that, there would be no failed startups. Don't fool yourself to think otherwise.
So, what's this about then?
The goal is to:
- Get a better sense of market demand
- Acquire a first group of users for your startup
- *Improve* your odds of success
- Do all of this affordably & quickly
With this context out of the way, let's start with the 9 methods!
After spending thousands of dollars on building a marketing website, my startup with $1 million in revenue runs on a NoCode builder that costs $10/month.
In this thread, I share the 11 hard lessons I've learnt about building a quality marketing website.
Thread🧵
1/ Good not Custom
A marketing website is important. However, CUSTOM design & development is not!
So:
- Don't waste time & money building the perfect website (doesn't exist)
- Instead, spend it on building the business
2/ Common mistake
Even if you know to code, don't think that *NoCode tools* are "beneath" you - that's just ridiculous.
You need to do what your startup needs - that's definitely not a custom coded website that looks like Stripe or Slack.