3 Startup Mistakes Tech Entrepreneurs Should Avoid
Here is what I learned on what not to do in early-stage startups, after 12 startups and a top-notch master’s degree in entrepreneurship
“Startups don’t fail because they lack a product; they fail because they lack customers and a profitable business model.” — Steve Blank, author of the four steps to the epiphany
No matter how good of a software development team you have, customers never pay for a piece of code you wrote, they only pay for solutions to their problems.
In March 2016, I was devastated when the website that we developed for 5 months, ended up getting only 3 customers after launch. The idea was to create a database and a search engine for sports facilities in Istanbul so that if someone wants a gym with a sauna or a park to run in, they could find on the website, with a very flexible search engine.
After the failure, my colleagues thought the idea was solid, but we should have developed a mobile application instead. However, the idea was far from solid, due to the following reasons:
- Nobody had actually told us that they were having problems…
