5 best ways to crash your deeptech startup like I did with Space Eternity - Ep 006

Reactor Podcast

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Summary
In this episode, Jerome reflects on his failed startup project, Space Eternity, and shares the five key mistakes he made that led to its failure. He advises listeners on how to avoid these mistakes and turn them around for success.
Keywords
#startup, #failure, #mistakes, #success, #product, #customers, #hiring, #communication, #sales, #marketing, #patience
Takeaways
Don't fall in love with your product, fall in love with solving your customers' problems
Verify the ambitions and skills of your co-founders and employees, don't hire friends just because it seems cool
Talk about your project and seek feedback, even negative comments can provide valuable insights
Sales and marketing are essential, learn about them and embrace their importance
Be patient and play the long-term game, success takes time
Sound Bites
"Don't fall in love with your product, fall in love with solving your customers' problems"
"Verify the ambitions and skills of your co-founders and employees, don't hire friends just because it seems cool"
"Talk about your project and seek feedback, even negative comments can provide valuable insights"
Chapters
00:00
Introduction and Background of Space Eternity
02:55
Mistake #1: Falling in Love with Your Product
06:12
Mistake #2: Hiring Friends
08:07
Mistake #3: Avoiding Communication
10:05
Mistake #4: Neglecting Sales and Marketing
13:01
Lessons Learned and Future Opportunities