Launch your product when it has a quantum of utility, build what people want, be careful when choosing between need and want, have a combination of positive and negative traits, choose a price that gets you customers, and find angel investors through networking.
- Launch your product as soon as there's at least one person who would benefit from it, or in other words, as soon as you have a quantum of utility.
- Build something that at least ten people really love, even if it doesn't make everyone happy, and focus on building what people want rather than what they need.
- When it comes to business, people often buy what they want (unhealthy food) instead of what they need (healthy food), so it's important to be careful when choosing between need and want as a business owner.
- To be a good founder, one needs a combination of positive traits like determination and willingness to try new things, and negative traits like not being able to work for a large company for too long.
- Choose a price that gets you customers in the beginning and don't worry too much about it because you can always change it later, and for finding angel investors, focus on setting clear goals and finding connections through networking.
- To find angel investors, ask people who work at startups to introduce you to their investors.