AlphaLab has been helping startups get off the ground for six cycles (has it been 3 years already?), so they have a nice pool of alumni to offer advice to new batches of companies.
Thankfully the advice they share is not always private. Last week AlphaLab posted a few highlights from what the latest grads had to share with the new guys.
- Launch Quickly. This is often the first piece of advice alumni offer up–and for good reason. Both a pillar of the lean startup model and adopted maxim of many startups, “shipping fast, and often” allows companies to test out market assumptions and use valuable user feedback to quickly pivot their product or service to fit the needs of their customers.
- Learn How to Say “No.” This refers both to taking on potential customers that will cause you more problems than you can handle, and the laundry list of features your customers will inevitabply want you to add.
Click here to read the rest of the advice the alumni had to offer. Take special note of number three and be sure to add this blog to your PR email list. Thanks!