Top Ten Signs That Your Startup is Doomed
Okay, here are the Top 10 Clues that your startup is doomed from the get-go:
Top Ten Signs Your Startup is Doomed
10. You haven’t launched yet but have already spent $50,000 on patent applications.
9. You pay several thousand dollars to someone to write your business plan for you.
8. You rent an office for the startup phase.
7. You seriously consider giving away your last remaining $10,000 to a money-finder.
6. You pay a website to post your business plan for its investors.
5. You purchase a directory of venture capital firms for $299.
4. You spend more than $200 on stationery.
3. You secretly hope that someone else will come along and relieve you of the sales function.
2. When asked how you will launch if no investors are found, your mind goes completely blank.
1. Your startup team includes an HR director.
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#1 is a surefire sign! LOL!
Posted by: Reddit | December 06, 2007 at 12:30 PM
6, 3, and 1 are absolute truths that i have observed since 1997.
Posted by: Larry Campbell | December 06, 2007 at 01:16 PM
Beware of #3 most of all. If you cant or won't sell, you are screwed.
Posted by: The iPhone lady | December 06, 2007 at 09:10 PM
So true. #2 is probably the most true when you hear folks talk about needing funding in order to get something off the ground.
Posted by: Andrew | December 07, 2007 at 06:27 AM
Haha! Right on! One other tip to help reduce the amount of cash you waste in the begining is to invest in scalable solutions. Check out www.sun.com/startup for their Startup Essentials Program. Basically, Sun is offering Startups a discount on x64 servers, free tech support and anything to help you make scalable choices. Stop the wasting holmes!
Posted by: Mr. Moneypenny | December 07, 2007 at 09:31 AM