Over the last few years working for a couple of startups, I have learnt this important lesson - For a startup to be successful, the following 2 principles are extremely important and in the same order as below: Focus Momentum These 2 principles are crucial, especially in the initial few years when you are trying to establish your foothold. Focus : I came across an interesting article this morning which reiterated my learnings. It talks about how Facebook in the initial years was relentlessly pursuing "growth" to be the key focus area, although many skeptics wondered how they would monetize or generate revenue eventually. I believe - "A startup should have a vision that is so big, that it inspires everyone around you. At the same time, it should have a focus that is so clearly defined, that it serves as a guiding light to everyone around you." Focus is even more important if you are entering a new product category. Yes, you will foresee multiple opportunities in di...
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