K.I.S.S. advice for Entrepreneurs – "Make Something People Want"
- Posted by Howard
- on October 7th, 2006
This is timeless advice for entrepreneurs and venture capitalists when it comes to funding and starting businesses:
“Make and invest in things that people want.”
Forgetting the money, partners, business plans and stresses of it all – it is nice to be able to cut away all the noise for a second to think about THE important issue in a new venture.
David Hornik has a great post discussing a few key acxioms in “Paul Graham is Today’s Prius.” My favorite part:
Paul notes, the easiest way to make something that people want is to make something that you want. Yahoo! started out as a directory of Jerry and Dave’s favorite links. Movable Type was born out of Mena’s need for a better way to talk about herself. Jonathan started Friendster to find a girlfriend. Zuckerberg started FaceBook to find a girlfriend. Joe and Alon started JDate to find Jewish girlfriends. Ted started Dogster to find his dog a date. If you build something you want, chances are pretty good that someone else with want it as well. That has proven true time and time again — from Apple to Google to Noah’s Bagels.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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