[MIT Article] 4 Red Flags That Founders Should Pay Attention To!
Fellow founders,
MIT informs us that we shall pay some extreme attention to the followings in order to spot weaknesses in (our) startup endeavors and projects:
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A culture of silencing and secrecy;
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A proven approach, wrong product;
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A lack of expertise on the board;
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Crossing the line.
Have you registered some of the mentioned above or anything else that should also be taken into account?
Source: http://bit.ly/2PtFjOY
We’re Indiehackers.
Most don’t have boards.
Crossing which line?
Secrecy? There are only three of us.
Nothing is proven.
So what if you're a "hacker"? What does that mean exactly? Don't you use mentors' or advisors' services from time to time? How do you trust your sources when you need extra help validating something?
Read the article and you'll see which line.
I've been in situations where three co-founders screwed up the entire company just by cruel intentions and secrecy. So, the number means absolutely nothing in general.
I assure you, even two is more than enough to get f**ked up sometimes.
It is proven. At least for Theranos. ;)
My goal is not to argue with you nor is it to tell you that your comments are worthless at the moment (yes, I'm straight-forward but honest, sorry about that but it's for good). The goal of this post is to share some external knowledge telling you what to look for when things are to be screwed.
Three founders keeping secrets from themselves? That’s unfortunate.
I agree, I’ve been screwed over by a partner but it was of him being malicious than secretive.
No need to apologize, I appreciate the discussion.
I was playing devils advocate.
Thanx for provoking me! Definitely, that develops me as s person and helps me think through what's been already written.