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As a startup founder, you should be prepared to face all sorts of situations throughout startup development.
Last year, CB Insights ranked the 20 main reasons startups fail. In this video, I’ll analyze the 5 most impactful ones and how to avoid them!
MyCTOFriend is gearing up for the upcoming challenges and also has assembled a new team. We have a duo working on content production for different types of media, an awesome CMO to organize and help us understand better! We have set solid KPIs and goals for this year to achieve and we are on our way to reach there!
Rajesh has already positioned his project. He figured out his target and has a small community on social media to start with. He has also defined the customer experience and the overall design of his marketplace app. He is now moving forward to a development stage, and is wondering what technology or service provider to use.
Lucie acts as her startup’s product owner. A CTO has recently been added into the mix, and she’s been struggling to figure out who is in charge of what.
Sacha has already developed the first version of his solution. Not being a designer himself, he is asking how he can effectively delegate a redesign of his project.
Shirley has already developed the first version of her platform with an outsourced company. Now, in order to move forward, she is wondering what can still be done through her contractor and what needs to be internalized. In other words, she is wondering if she needs to hire a CTO.
Benjamin already has a developer and a freelancer working on developing his project. He is currently managing all the to-dos on a Google spreadsheet, and he’d like to improve the process and have a better overview of the tasks under development.
Eric is the founder of a handyman-type marketplace, a startup that will reference electricians, plumbers, etcetera. He is starting to structure the information he’ll gather in the ecosystem, from quotations to invoicing. While he tackles that, he is also wondering how to get started with a simple app that can show who is available and where.
Marie is at the idea stage, but she already has an offline business with more than a thousands clients and a few dozens coaches. Her goal is to industrialize her coaching program and create personalized training plans based on each individual’s medical capacity. She is currently brainstorming multiple algorithms on how she could store her clients’ information on her application.
Maxime is at the idea stage. He has extensive experience as a manager and is deeply interested in nature, more specifically the benefits of being in touch with nature, that’s why he’s undertaking a project to bring more plants into people’s lives. While he is testing his hypothesis and interviewing future customers, he is wondering how to get started with his product without having to invest in personalized development.
Marie already has a custom-built product. While she has a growing ecosystem, she’s wondering how to deliver a brand new application with more functionalities. She already knows how much it costs to develop a custom application, and for this second one, she would prefer a more economic approach.
Matthieu already has a development team specialized in virtual reality. He needs to centralize certain information on a backend solution, but he is struggling to find a developer able to provide a cost-effective solution.
Daniele has already outsourced the development of her first Web platform. She is wondering if she can really sell and grow this platform with an external development team.
Peter has already started the development of the first version of his app, but he is wondering if his developer is really suitable for the project. His developer doesn’t like sharing a lot of the details of his work.
Like many other startup founders, this student is about to invest in his first product. Hopefully, a Web agency is going to provide him a fair price and develop his application. But what happens if a competitor asks them to develop a similar app? Can the Web agency use my source code for other projects?