10 Entrepreneurs Share Must-Know Tips for New Founders

Ten tips that echo across founder interviews.

  1. Pick your co-founder as carefully as a spouse
  2. Talk to customers every week
  3. Start ugly; iterate fast
  4. Keep burn rate low for as long as possible
  5. Hire people smarter than you
  6. Fire quickly when it's not working
  7. Say no to 95% of opportunities
  8. Your first 100 customers matter more than the next 1,000
  9. Take care of your health; no company is worth your body
  10. Ten-year time horizon; most overnight successes took a decade

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