Last time I shared mistakes we made while working on Overto – startup which was closed down some time ago. Today another part – things we did right and are worth replaying next time I’ll be engaged in a startup.
Setting up a company behind
Setting a company, which is quite an effort in Poland, from the very beginning was really a good idea. All founders knew each other well so lack of trust wasn’t the main reason standing behind the decision. We just wanted to give ourselves a bit of motivation making it a real business. However thing we didn’t really plan was that we gained much credibility showing company’s details instead of letting people think the whole thing was created by some student during holidays and won’t be supported in any way in future. Seeing a company behind a service doesn’t guarantee you it won’t die but at least you can be sure someone cares.
Long discussions before start
Before launching the project we had very long discussions about what we plan to do and how we want to do it. Of course not every detail was checked but when I compare Overto to other startupish projects I was working on it was really well-thought at the beginning.
We had really good pack to run an internet service. Development, administration, user support – in all those areas we had experience from the past. There weren’t many things which could have surprise us. We weren’t forced to look for a specialist in any technical aspect of building our application.
Working in the same place
For some time we worked in the same building which helped much in decision-making process. We could all meet ad-hoc whenever something important had to be decided. After some time we spread among different places and suddenly we saw how much value was in working in the same office.
Despite we invested some money to fund the project I don’t treat it as a loss. For experience I gained it was a low price. Another time when I’ll decide to jump to that kind of project chances of success will be bigger.
Whole Entrepreneurs Time series.