What is a common cause of failure for post-seed companies?
— Fake product market fit is a common cause of failure for post-seed companies.
What signs indicate fake product market fit?
— Signs of fake product market fit include excessive hiring, more business people than engineers, lack of metrics dashboards, and scaling the sales team without seeing any progress.
How can startups prevent fake product market fit?
— Startups can prevent fake product market fit by choosing an honest KPI, tracking retention carefully, capping burn, raising less money in the seed round, and starting with strong technical co-founders.
What can cause co-founder conflict in a startup?
— Co-founder conflict can be caused by weak previous relationships, unclear roles and responsibilities, lack of trust, and unrealistic expectations.
How can startups improve product development?
— Startups can improve product development by establishing a repeatable product development cycle, involving the whole team in brainstorming, collecting qualitative and quantitative feedback, and using product management software.
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