Saturday, July 19, 2008

7 Deadly Sins of Startups

A blog post by Roger Ehrenberg has been making the rounds on various technology / entrepreneurial / investment sites.

It is a "post mortem" on his failed technology start up and he discusses 7 "deadly sins" he believes led to the company's failure. Well worth a read. Here is his sin list:

While we certainly made more than seven mistakes during the nearly four-year life of Monitor110, I think these top the list.

1. The lack of a single, "the buck stops here" leader until too late in the game
2. No separation between the technology organization and the product organization
3. Too much PR, too early
4. Too much money
5. Not close enough to the customer
6. Slow to adapt to market reality
7. Disagreement on strategy both within the Company and with the Board

No comments: