Common Startup Mistakes

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Startups make many of the mistakes. Here are two common ones to avoid: Thinking you must have the perfect product before you talk with anyone - including customers. Many startups go into development mode until they have their first product, and then launch it to the world. Often with a thud. Instead, involve customers at every step of the process. In fact, customers should come before the product and not after. Hiring the wrong people Many startups hire people they know rather than people with skill. Some hire with the notion that the candidate "needs a job" rather than "they have the skill." Other hiring mistakes include a. Hiring B people instead of A people. b. Hiring someone to fill a specific position without fit to culture of the company. c. Hiring someone for work that is not yet defined or funded. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today!