While there is enough gyaan on mistakes startups commit, nothing beats listening to real mistakes committed by real entrepreneurs.
“@bhaveshdhupar: we’re in double stealth mode – the public doesn’t know what we’re building and neither do we #startupmistake”
“Akshay Tyagi: #StartupMistake : Underestimated the gestation period of a startup, from prototype to launch.”
“Aditya Prasad: Letting team miss deadlines, then becomes a habit hard to come back from. #startupmistake”
“Akshay Hartalkar: Not managing Financial, Legal, Corporate compliance from day 1 #startupmistake”
Yesterday, we ran a Twitter contest (which was trending) and we were amazed to see the response it generated! Don’t believe us?
Check out these curated tweets from #startupmistake contest.
[View the story "#startupmistake" on Storify]
#startupmistake
Mistakes startups commit. Curated by Pluggd.in team.
Storified by Pluggd.in Team · Thu, Jun 28 2012 22:37:47
"Who is your target audience?""Everyone!"#startupmistake cc/ @UoPEnterpriseNathan Hornby
“Trying to start a tech company and still looking for the GENIUS tech co-founder” #startupmistake http://unpluggd.orgRahil Bhansali
Killer “@bhaveshdhupar: we’re in double stealth mode – the public doesn’t know what we’re building and neither do we #startupmistake”Sameer Guglani
"We don’t have any competitors. We’re completely unique." #startupmistakeUoP Enterprise
All my product users will be using Google Chrome :) #startupmistake http://www.unpluggd.org/Vasanth Sampathkumar
Media coverage = Business validation #startupmistake http://UnPluggd.orgashish sinha
Buying designer furniture after seed funding #startupmistakeSanjay
Asking mentors to handle sales and marketing #startupmistakeSanjay
Max Speed VS. Control? #startupmistake http://UnPluggd.orgashish sinha
Planning a baby and a startup together in a tough financial situation #startupmistakeSanjay
Not talking to customers much earlier #startupmistakeSharat Potharaju
So true focus on your core and revenue "@beingpractical: Losing focus and getting distracted with the fund-raising process. #startupmistake"Mehul Mukati
Too many decision makers #startupmistakeRahul Sanghi
Go fast and end up nowhere #StartupmistakeSubodh Kolhe
Dont care about what the market is leading to #startupmistakeSubodh Kolhe
Go fast and end up nowhere #StartupmistakeSubodh Kolhe
When we spend money we don’t have – to provide services customer doesnt need – to compete with companies we dont like. #startupmistakeIshan Vyas
Asking developer to work without salary for 3 month..#startupmistake http://unpluggd.orgkunalkantsen
@kunalkantsen @cnha #startupmistake outsourcing or cutting cost on user experience and design.tneogi
#startupmistake thinking flipkart = website business http://Unpluggd.orgashish sinha
Aim at heaven and you will get earth thrown in. Aim at earth and you get neither..#startupmistake http://unpluggd.orgkunalkantsen
#startupmistake http://yfrog.com/gzueiybjNaveen
#startupmistake- Forgetting that your Employees can be your biggest PR asset! And more.Arpita Phukan Biswas
when you ask about your startup to lot of people and thinking that your are right or wrong. #startupmistake Just do it.Semil Shah
Not have a fine for using jargons in discussions #startupmistakedivyaraghavan
#startupmistake not knowing when to pitch to VCs.Lalit Bhise
#startupmistake when the first paragraph in your project plan is about projected earnings!Johnny Mastana
Making a ppt before making the product #startupmistake http://www.unpluggd.orgPratyush
#startupmistake Starting up thinking of making an Apple.Chirag Jethmalani
Letting team miss deadlines, then becomes a habit hard to come back from. #startupmistakeAditya Prasad
Spending hours and hours on a simple problem and trying to deduce the solution all by myself #startupmistake http://unpluggd.orgSuneel Mohan
Analysis Paralysis on current market trends and M&A eating up so much of productive time in a day. #startupmistake http://unpluggd.orgSuneel Mohan
#startupmistake – Not talking to multiple VCs at the same time. No one is a friend or foe in this industry.Pratyush
Media coverage = Business validation #startupmistake http://UnPluggd.orgashish sinha
Having a Plan B #startupmistakeVikrant Bhushan
#startupmistake not able to manage even 10 employees(resources) and thinking to become APPLEAmit Kumar Mishra
Business plan is not that much important before launching a product. #startupmistake http://www.unpluggd.org/Vasanth Sampathkumar
#startupmistake making cloud SaaS services but not buying/using any(applies to everything).like making paid mobile apps but not buying any.Lalit Bhise
Having a swanky office space in $hit locality #startupmistakeNadir Hashmi
Not having a lead generation process right from day 1 #startupmistakeVikrant Bhushan
"Our product/service/idea is so good that it’s going to market itself with Word of Mouth." #startupmistakeUoP Enterprise
"Who is your target audience?""Everyone!"#startupmistake cc/ @UoPEnterpriseNathan Hornby
Quitting too late with one #Startupmistake reduces chances for another #StartupmistakeAdi
ignore user comments #startupmistakeAditya Prasad
Valuating startup before even acquiring that first customer and day dreaming about how I would be #startupmistake http://unpluggd.orgSuneel Mohan
#startupmistake paying peanuts and wants quality wrkAmit Kumar Mishra
Not applying gut feel and user feedback together #startupmistakeAditya Prasad
Not speaking up socially #startupmistakeAditya Prasad
Not following up with the current users registered and not taking feedback on features already present #startupmistake http://unpluggd.orgSuneel Mohan
Venturing into too many things with very few #startupmistakeAditya Prasad
Preparing rough notes on what to speak when FB or G comes to M&A with my company :P #startupmistake http://unpluggd.orgSuneel Mohan
Start working on something new with only 1 user feedback (B2C) #startupmistakeAditya Prasad
#startupmistake when the first paragraph in your project plan is about projected earnings!Johnny Mastana
Spending hours and hours on a simple problem and trying to deduce the solution all by myself #startupmistake http://unpluggd.orgSuneel Mohan
Making a ppt before making the product #startupmistake http://www.unpluggd.orgPratyush
forgetting what you came here to do in the first place and doing everything else #startupmistakedivyaraghavan
"Instagram/Twitter/PickUrs never worried about monetizing either…" #startupmistake http://unpluggd.orgSameer Shisodia
trying to do everything myself – fixing the bloody printer too #startupmistakeRishi Kar
I wish I didn’t waste time building that perfect UI and a few more features that delayed alpha launch #startupmistake http://unpluggd.orgSoumitra Paul
Thinking colleagues make trustworthy co-founders, after a few ‘after work’ cups of coffees #startupmistakeAneesh Khanna
#startupmistake: expecting the customer to "understand the situation". The only thing a customer understands is the promise you made to ‘em.Pranav Sapra
#startupmistake compromising the quality in hiringManish Garg
I AM the end user #startupmistake http://UnPluggd.orgashish sinha
#startupmistake Think you can do everythingdivyaraghavan
First get a NDA signed and then show the prototype to a VC. #startupmistake @pluggdinViren Bhandari
Too many ideas for too long #StartupmistakeAdi
Hunting for co-founder without focus on execution #StartupmistakeAdi
Waiting too long to make a ‘perfect’ solution,before talking to clients #startupmistake & not networking enough #startupmistake 2Runa Desai Dalal
Clients will know where to click. #startupmistake @pluggdinViren Bhandari
First put in all the features and then release the product. #startupmistake @pluggdinViren Bhandari
Sales guy is the CEO is the Prod Mgr #startupmistake http://unpluggd.orgSameer Shisodia
We don’t need an intro video, our faq’s r more than enough and the clients will read them for sure. #startupmistake @pluggdinViren Bhandari
Perfection is not attainable, but if we chase perfection we can catch excellence..Understanding this was#startupmistake http://unpluggd.orgkunalkantsen
#startupmistake > Kinky is using a feather. Perverted is using the whole chicken.Paul Dueman
Find a "hot" industry -> think up an idea in it -> startup is wrong #startupmistake Stumble upon problem, feel u MUST solve it is right.Sameer Shisodia
Democracy in decision making is the worst!!!#startupmistakedivyaraghavan
Outsourcing technology #startupmistakedivyaraghavan
#startupmistake "they have been doing this for 2 years, they know better.. why bother getting customer data and feedback"divyaraghavan
#StartupMistake Idea NarcissismSalil Punalekar
Not reading ERIC RIES, LEAN START UP #startupmistakemunima_coolbaby
Spending too much time building the product before getting customer feedback. #startupmistakeVijay Ramachandran
#startupmistake discounting the value of your product early on to woo in customers to fast. If you ate good, they will payVivek Lath
#startupmistake Trying to do all things by yourself and not employing staff at the right timeLiju Thomas
"Chasing moving targets" #startupmistake #unpluggdSampad Swain
#startupmistake Poor Investor Management You have to manage your investors.You shouldn’t ignore them, bcoz they may have useful insights.Themis
#startupmistake ignoring the small revenues that comes form unlikely places which might later add to the core idea of the businessLiju Thomas
#startupmistake Ignoring feedback from your well wishers about the mistakes you have doneLiju Thomas
Asking friends and families for feedback on product! #StartupMistake http://UnPluggd.orgashish sinha
delaying infrastructural decisions #startupmistake http://unpluggd.orgashish sinha
#startupmistake Going for the looks !Rakesh Hari Das
“Underestimating a job and hiring anyone who could fog a mirror for that, instead of a specialist” #startupmistakesachin vashishtha
Thought of making money from the first day itself, slowed down the growth tremendously #startupmistakeJai Anand
Ignoring importance of meeting customers. #startupmistakeAkshay Hartalkar
we’re in double stealth mode – the public doesn’t know what we’re building and neither do we #startupmistakebhavesh
Assuming customer needs and adding features while not having the capability to execute all that in given time. #startupmistakeShashi Shekhar Singh
#StartupMistake : Underestimated the gestation period of a startup, from prototype to launch.Akshay Tyagi
Sticking with technology stack I knew and being hesitant to learn new stuff #startupmistake #bigoneperhapsShashi Shekhar Singh
Not taking backups #StartupMistake @Punch_a_TantraAnkita
Getting distracted with other ideas and losing focus from the core idea. #startupmistakeKulin Shah
#startupmistake ignoring new revenue streamsSir.Blogsworth
Emphasis on the planning and ignoring the execution. #startupmistakeeminemence
#StartupMistake helping other startups w/ business development while not focusing on fundraising for my own startup. Lost Genesco deal alsoQuintin Adamis
#StartupMistake Allowed cofounder to hire web designer I wouldve objected to. Months of agonizing over lazy App user w/ no coding knowledgeQuintin Adamis
Sticking with technology stack I knew and being hesitant to learn new stuff #startupmistake #bigoneperhapsShashi Shekhar Singh
Innovation, UI, PR all r important. But "Dhanda" (read revenue) is all that matters most. Realized this little late #StartupMistakeSagar Bedmutha
Trying to do more better things instead of doing one thing best #startupmistakeVijay Basrur
Not managing Financial, Legal, Corporate compliance from day 1 #startupmistakeAkshay Hartalkar
"We like your product idea & team. We *can* invest" #VCSaid And we thought they’ll really invest #StartupMistakeSagar Bedmutha
Losing focus and getting distracted with the fund-raising process. #startupmistakepj
"Did not take salary for many many months assuming it is my own business, the money is just in company pocket" #StartupMistakeSagar Bedmutha
took long time to finalize on collaboration tools/project management tools #startupmistake http://unpluggd.orgashish sinha
Lack of communication within the team. #startupmistakeAkshay Hartalkar
Delay in taking corrective actions #startupmistakeAkshay Hartalkar
Trusting wrong people #startupmistakeAkshay Hartalkar
@cnha outsource the product development ;) #startupmistakeRabi Gupta
lack of focus on design/UX #startupmistake http://unpluggd.orgashish sinha
Told my idea to a friend and then he started the business. #StartupmistakeIshan Vyas
Believe everything what #VCsaid #StartupmistakePratyush
We went with dumbass service companies to code our app. Always hire inhouse. #StartupmistakePratyush
took a long time to learn the good-cop-bad-cop phenomena in sales #startupmistake http://unpluggd.orgashish sinha
Raising too much funding too early to enable going back into comfort zone (of "development") #startupmistakeSameer Shisodia
have seen a lot of startups focusing on VC/funding even before the product is ready #startupmistakeashish sinha
Thought friends would make best employees in your startup #startupmistakePrateek Panda
We plan to do something similar (irrespective of whether its a contest or not) and have your insights – so please share some of the core issues where you want insights/experience from fellow entrepreneurs.
As far as winners are concerned, you all will be DMed by today late evening.


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