Tuesday, 14 October 2008

Internet Entrepreneurship talk at GIBS

http://labs.is.co.za/justinspratt/2008/09/internet-entrepreneurship-talk-gibs

Summary:

From my experience with Vottle and IS Labs, I think the five most important things in a web startup are:

1. Money cannot be your prime motivator

2. Work with smart people (that should be your reward - everything else should be a bonus)

3. Get it out quick and iterate continuously based on user feedback and metrics

4. Don't be shy to copy good ideas - Vottle.com looked to Craigslist for inspiration and ISLabs looked to Paul Graham's Y-Combinator

5. The smaller innovations have been the bigger winners (eBucks & Skype were ground breaking for Vottle, but are perhaps still a little too early)
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