Yet another “Lessons Learned” post from a first-time entrepreneur. Except this one is incredibly wise beyond his years. The insights are so in depth and valuable that even the most seasoned serial entrepreneur would be envious. The sad part is, since the article is not one of those pithy “10 secrets to building a successful venture” posts, it will be lost on the typical reader seeking quick-fix advice.
I have a deep cynicism when reading first-time entrepreneurs pontificating advice based on what they learned.
Most of their insights are based on what surprised them, because they were so inexperienced to begin with. While “make sure you don’t run out of cash” may have been a painful epiphany for them – the advice is hardly worth publishing for the millionth time. Just imagine a first-time coder pontificating as an expert his “lessons learned” – citing that you should always check for missing semi-colons and mismatched brackets. To be fair, beginners would indeed find this advice useful – but does someone need to write about it again? One would think there are enough posts out there to max out a google search on the topic.
Alex Schiff, the young co-founder of Fetchnotes (which may or may not still be in business) – has penned an epic post on everything he has learned in starting, building and eventually exiting his startup company. Don’t like his frat-boy image fool you (actually I think he actually IS still a frat-boy, or college student!). The post, Lessons from the front lines: building Fetchnotes is jammed back with incredible insights that will benefit beginner and veteran alike.
I could not even begin to do justice by posting excerpts, but here are just a few …
Despite the length of the article, he really identifies and clarifies some of the most critical issues in starting a successful venture. And despite his age and experience – this advice is not for newbies! Most of this advice will be lost on brand-new entrepreneurs – but the veterans will appreciate the clarity. And experienced advisors and mentors will be able to use this article as a way to impart some advanced topics in starting a new venture, to new entrepreneurs.
Read Lessons from the front lines: building Fetchnotes now! Thank you, Alex.