Everything here is bigger.
From the sizes of the tech companies:
(Facebook HQ is just a quick Uber-ride away)
To the size of the “small” breakfast servings:
«Fail fast, fail fast, fail faster!» The mantra of «the Lean Startup» on which Tuesday’s workshop was about.
“The lean startup”-team has made a science out of startups and helped us with a lot of tools for understanding critical points with our startup. A lot of this science is made in order for Startups to faster reach the point where they fail, ehh.. or as they put it, acknowledging that they will fail. Because, as we were told, 95% of all startups fail, there is no need to waste your time if your startup is doomed anyway.
Of course on your way to as quickly as possible figuring out if your startup will fail, there are a lot of exercises you can do. For example, this:
- Use five minutes to list up your business’ largest risks and unanswered questions e.g. “Server downtime”. Write one risk on one PostIt-note.
- Draw up the following cross on a wall:
- Paste the post-its in one of the four quarters created by the tape.
- The following analogies should be used for how important it is to take action regarding the notes in the four different squares
And of course, the cars are faster here as well. Here is just a couple of examples of cars that has parked outside were we work the last couple of days (of course in our very own tise-format):
In Silicon Valley startups are stronger. Stronger because everyone helps each other here. I don’t know if people are more altruistic or just more foresighted. Perhaps they just know that if they help every founder they meet, one of them will have great success some time in the future. Anyway, this far, it seems true what they say that everyone wants everyone to succeed over here. And for us, that is great. We have gotten a lot of meetings the last days just because random people we meet introduce us to other people that potentially could be very important for the future of Tise.
And of course, just by being part of the TINC program, in an environment with a so much stronger force in general for tech companies, we end up in cool situations. Like yesterday when we ended up in an RV with Sean Percival (from 500 startups) and got to talk with him about Tise for 20 minutes!
Next time we will tell you more about some really good and concrete tips he gave us on online marketing for startups, so stay tuned.
Until then, think about this:
«The biggest risk, is not taking any risk.» Do you know who said it?