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What I’ve Learned Searching for a New Startup Idea, Part 2

(this is part two of a series of blog posts about what I’m learning as I hunt for a new startup idea to work on with my cofounder) Find the Best Talent Hire only great people. Eliminate toil incrementally, even at the early stages. Slow growth to avoid hiring B players; this will result in a net decrease in product velocity. This model breaks at some point in a company’s growth, but I think you can keep a small-and-mighty team for longer than one would expect. This was a key advantage Stripe had in its early days. Be Curious and Start Small Have childlike curiosity. Don’t be afraid to build something silly, small, or seemingly useless. Too much filtering of ideas on the outset can cause you to miss something big…

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What I’ve Learned Searching for a New Startup Idea, Part I

I’m a couple of months into hunting for a new startup idea to work on with my cofounder. I’ve learned a lot and I’m trying to capture these learnings as I go to share them. Finding an idea to build a new business around is an interesting process: it’s much different than having a burning problem that you got excited enough about to quit your job. Finding a big idea is similar to being an investor—mixing analytics, experimentation, serendipity, patience, and convictions about what the future looks like into a specific bet on an industry, future trends, product shape, and initial feature wedge…

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