'DON'T Do A Startup, You Will FAIL,' Says Top Startup Investor

Dave McClure

Photo: 500hats.typepad.com

In doing research for another story, we stumbled into this presentation for people thinking about doing a startup from super angel Dave McClure.He lays out all the reasons doing a startup is awful. Entrepreneurs should read this, see it as a challenge, and realise they can handle these minor annoyances.

It’s so overwhelmingly negative that it becomes positive. It’s the sort of thing people should read every few months.

The right and wrong reasons to do a startup

Doing a startup is not a lot of fun

Start off focused on the product

Get used to hearing people crap on your idea and get comfortable with ignoring them

Make sure you attack the right thing

You better be organised

Watch out for investors!

There's a war for talent out there, so you better be a great recruiter

You're not just running a business, you're running a day care camp

It's not enough to just have a good product

In conclusion ...

Doing a startup is a lot of hard work! But, if you do it right it should be very rewarding (both emotionally and financially).

Then again, maybe you want the easy way out? In that case do what you can to go work at Google, it's awesome there →

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