Most startup failures result from entrepreneurs who are better at making excuses than products. Jay Samit More Quotes by Jay Samit More Quotes From Jay Samit While commercials interrupt consumers' enjoyment of a TV program, social media allows video to enter the conversation between friends in a non-intrusive way with an opt-in choice. Jay Samit social-mediafriendsmediaway To truly launch a great product, you need partners. Channel and marketing partners share in your success and share in the costs of reaching your target audience. Jay Samit yourgreatyousuccess I tell people: walk around for one month and write down three problems in your life every day. At first it's easy - you got stuck in traffic, you missed your alarm - but by the end of the month you're looking really hard to get your 90 problems. The most common things on your list are now billion-dollar businesses. Jay Samit walkdayyoulife Onboarding starts with satisfying the most basic of Maslow's psychological needs: belonging. New hires shouldn't arrive to an empty cube and be forced to forage through corridors searching for a computer and the bare necessities of office life. A new hire isn't a surprise visitor from out of town. Plan for their arrival. Jay Samit newbelongingsurpriselife Never expect that your startup can cover every aspect of the market. The key is knowing what segment will respond to your unique offering. Who your product appeals to is just as important as the product itself. Jay Samit willneverimportantunique The secret to fundraising comes down to three magic words: before, more, and strategic. Jay Samit wordsdownmagicthree When Thomas and John Knoll launched Photoshop 1.0 in 1990, the software couldn't even handle color images. But their offerings got the startup noticed by Apple and Adobe, both of whom became key to the fledgling company's later success. Jay Samit applecompanycolorsuccess Use your development time to brief analysts and industry press. Use these influencers as your eyes and ears to let you know what else is being developed by competitors so that you can be the first to market, and don't make the mistake of launching an also-ran product. Jay Samit eyesyoumistaketime Big ideas developed in a vacuum are doomed from the start. Feedback is the essential tool for building and growing a successful company. Jay Samit startcompanybuildingideas The answers to all a startup's challenges are out there. By setting up the right mechanisms for gathering feedback, the road to success can be a less bumpy ride. Jay Samit roadridechallengessuccess Venture-backed startups with billion dollar market caps are called 'unicorns' because they are supposed to be rare mythical creatures that few entrepreneurs will ever ride. Jay Samit rareridewillbecause Creating something that builds lasting value and changes the lives of millions of people requires forging a team that will work hard to overcome seemingly insurmountable obstacles, stand up to the pressures of fame and fortune, and stay true to the original vision long after others stop believing. Jay Samit visionworklongpeople
