#5 Founder's advice

I often see lots of videos of SaaS founders online giving advice to new entrepreneurs, which for the most part are great, but there is one area of advice which makes me furious and it goes something like this:

“Oh Stripe didn’t really work automated in the early days, the guys had to manually process each transaction”

You CANNOT build something like this anymore. These days are GONE. NO one will use your product if you launch something like this today. Why would they? Why would someone choose your unfinished payment processor when they can choose from many other well-rounded ones?

Can you launch a crappy MVP spinoff from Instagram? fuck no. A crappy version of Slack? who the fuck will use it?

If you want to launch something today it needs to be perfect, have great UI and UX, be fast as shit, have close to zero bugs, have an incredible support, have VERY generous plans…. and the list goes on and on.

Do it wrong, launch it at the wrong time and once bad words spread about your software, you are done. No matter how good your idea is.

EXECUTION IS EVERYTHING

So please stop giving boomer-like advice to young people. While you can get lucky and get away with some of these depending on your industry and how crappy other software are or if it lacks a software, but the truth is that for the majority of us, the competition is so high that you can’t afford to launch an MVP, you just can’t.

Rant-mode disengaged.

Peace