Thinking about launching a web 2.0 company? Here’s some advice from someone who is in the process of launching one himself:
5. Don’t guess what people want. Do some research before you decide on the service you are going to offer and make sure that you aren’t entering a crowded space.
4. Keep it simple. Don’t try to do too much. Sometimes doing one thing is well is better than trying to do everything okay.
3. Free is great if you know how to use a calculator
2. Stop partying like it’s 1999 (aka spend wisely). Don’t spend on something you don’t need.
1. Don’t seek more money than you really need.
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Once you have read those tips, head on over here to generate a web 2.0 name for your company.
Originally posted on January 22, 2007 @ 1:45 pm