Garry Tan

Garry Tan quotes on early stage

Founder Initialized. PM/designer/eng turned Forbes Midas List Top 100 VC in startups worth over $40B, before product-market fit.

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1

At early stage, be sure to find some investors who started as labor, then became management before becoming capital. 💪

2

Quality assurance is the most underrated function for early stage startups. Yes your product works on the golden path. But what if you deviate by 1%? 5%? Your users will. And if you don't fix the "edge case" bugs then they'll never come back.

3

At the earliest possible stage of startups, basing your success on the approval of anyone except your customer is basically instant death 💀 Don’t leave it in the hands of others to say no. Make something better/faster/cheaper that helps your customer and solves a problem.

4

Early stage startups should probably keep track of two types of runway: * Optimal plan (includes revenue) * Worst case (no new revenue) Be able to execute to take advantage of good opportunity (optimal) but know what happens if it fails— and have a plan B.

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