The beauty of 'closing the loop'
Just sharing a random thought that I feel is very important, would love to get your thoughts on it as well. I've been in startups for ~5 years now, and my big realization is that the best people know when to go all-in into an idea and close the loop: in terms of making sure resources are put behind the project, founders' approval exists, and people are championed behind it's execution It's super easy to come up with 3-4 ideas every month, share it, move on to the next ones. Most commonly, some execution also happens, but then people eventually lose interest... they are too stuck on being an idea generator, and often times there is a missing culture of seeing things to fruition. But the joy of having thought of something, seeing it succeed/fail, get to a logical conclusion is unparalleled. It's the most beautiful way to learn how 0 to 1 actually works, and makes sure you learn to execute, not just think. The happiness lies in seeing the early signs of success, and then some mid-stage and late-stage signs of success. This culture within early team members makes a startup successful. It makes you successful, if you're the person behind it. So to everyone who's still early within startups (especially early stage), try to close the loop on those ideas you find to be wonderful. You'll never again have to think about what to write on your CV or what to say in an interview. TLDR: Execute your ideas with as much excitement as you had when you first thought of them, don't lose track. From other operators, would love to get your thoughts on this. What have you seen? Do you feel differently?
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🚨 The Ideation Flywheel is the greatest thing ever‼️
The importance of focusing on problems rather than solutions when deciding which startup ideas to pursue is very important. I kinda agree with this sentiment, and I feel that an equally valid approach is to start building something one thinks should exist in the world, rather than trying to fix a specific problem. However, some successful companies, like Facebook, Apple, and Amazon, started by addressing a very specific problem. The importance of considering business models and the persistence required for following through on one’s ideas is underrated. There is also constant debate about whether focusing exclusively on solving problems was necessary or if looking for opportunities to improve or innovate was equally important.
A mental model for deciding which startup ideas to pursue, and how to pursue them.
https://www.stackfix.com/blog/the-ideation-flywheel
