Vator Splah Oakland - Ali Partovi - Silicon valley startup (2014)

Silicon Valley Startup

Ali Partovi

@apartovi

crisis = danger + opportunity

Silicon Valley

embraces risk.

SUCCESS

FAILURE

SUCCESS

FAILURE

SURVIVAL

Even worse than failure

is survival without success.

Risk is a startup’s competitive advantage! Avoid strategies that reduce risk.

Do not diversify. Focus.

One brand.

One product.

One revenue stream.

People have limited attention.

Avoid multiple revenue streams. One is enough.

(It’s easier if your users are the ones who pay you.)

Don’t make decisions based on what other investors want to see.

You are the biggest investor.

Build what you believe in.

Then find the investors who believe too.

Don’t pursue money.

Create something people will want. Money will follow.

Be bold. Create a new world.

Don’t start a company around incremental improvement.

If you’re going to fail, fail fast.

As an entrepreneur, you diversify over time: by starting the next thing.

Business