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Lessons on Building Successful Startups – Paul Graham

June12

Paul Graham puts it together beautiful – the answers to the most pertinent questions asked by most entrepreneurs. What does it take to build a successful startup?? Well the answer boils down to just three things….

1. Good People – Yes importance of a great team is absolutely essential to build a successful company. Remember the age old saying an A play with a B team is worse of than a B plan and an A team.

2. Make something that customers actually want – Put in the research and effort in understanding your potential customers by talking to them, interacting with them and learning from them. Ultimately whether its a service or a product its the customer who is the source of our bread and butter! If you are building a product company ship beta releases get feedback, make changes and then ship.

3. Money! – You need funding to build your company there is no getting away from that, but plan it out. Bootstrapping or raising seed money is the way to go initially until you have build a beta version. Today first generation entrepreneurs have plenty of options of funding whether its debt, angel or even early stage venture capital.

Paul Graham in his article “How to Start a Startup” illustrates what it takes to build a successful startup – a must read!

http://paulgraham.com/start.html

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This is a forum for entrepreneurs and professionals to connect, learn and grow with each other. The objective of this blog is to give you access to relevant resources, business opportunities and networking opportunities to enhance your entrepreneurial and professional lives.

About Author:

Digbijoy has a wide ranging experience across diverse sectors, initially started his career in education marketing with reputed educational institutes and then subsequently joined the advertising and events industry to execute several projects including a state election campaign for a national party, conceptualizing and running a restaurant chain in Delhi and several other projects.

He joined the Delhi chapter of The Indus Entrepreneurs (TiE Delhi), where he worked for over 3 years and drove various key initiatives like mentoring, deal flow, marketing, sponsorships etc and left his last position as Associate Director of the chapter in 2008 to pursue his entrepreneurial ambitions. He subsequently joined techTribe- India largest Career Networking platform where he served as director strategic relations and drove unique initiatives and partnerships for building and sustaining community engagement. Post techTribe he co founded an online supplemental education start-up – TenMarks Education INC. which was acquired by Amazon.com in October 2013.

Post TenMarks he lead Ennovent India as its country director which is an innovation accelerator. Ennovent provide services to accelerate innovations for sustainability in low-income markets in developing countries. It specializes in helping clients discover enterprises with novel solutions, develop business models to start-up enterprises, provide finance by facilitating early-stage investments and grow operations to scale profit and impact. Since 2008, Ennovent has worked with over 4,800 Network members, 15 Circle members and 10 Solution clients to accelerate over 80 innovations in 10 countries.

Currently Digbijoy Co-leads the Startup Program for Amazon Internet Services Pvt Ltd enabling the best startups leverage the power of cloud.

Lets Connect:-
Email: digbijoys@gmail.com
Linkedin: http://in.linkedin.com/in/digbijoy
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