Based on Paul Graham's Essays | The Complete Roadmap
1
Foundation & Ideation
Months 1-2
๐ค Build the Right Foundation
- Find 1-2 co-founders who are already friends
- Choose startup hub location (SF, Boston, Seattle)
- Stay "upwind" - maximize future options
๐ก Generate Ideas
- Start with problems you personally face
- Ask "Why now?" - what recently changed?
- Frame as questions, not assertions
- Look for broken but popular services
โ Early Validation
- Build for yourself and peers first
- Find small but growable "larval market"
- Ensure multiple potential acquirers exist
2
Building & Launching
Months 3-6
๐ ๏ธ Product Development
- Release early with minimal viable version
- Focus on core functionality only
- Embrace being incomplete initially
- Use feedback-driven development
๐ฅ Customer Acquisition
- Recruit users manually (do things that don't scale)
- Use "Collison Installation" approach
- Provide insanely great customer service
- Make few users love you vs many ambivalent
๐ Iterate & Improve
- Ship features constantly (every 1-2 days)
- Respond directly to user feedback
- Track weekly growth rate religiously
- Stay flexible and ready to pivot
๐ Key Metrics for Phase 2
5-7%
Weekly Growth Target
10+
Users Who Love Product
3
Growth & Optimization
Months 6-18
๐ฏ Achieve Product-Market Fit
- Focus obsessively on user satisfaction
- Track active users and revenue growth
- Understand users deeply
- Scale gradually to adjacent markets
๐ Build Sustainable Growth
- Optimize conversion funnel
- Create viral growth loops
- Maintain rapid iteration
- Stay lean and focused
๐ฐ Financial Management
- Become "ramen profitable"
- Avoid distractions and consulting work
- Monitor runway carefully
4
Scaling & Investment
Months 12-24
๐ Prepare for Investment
- Build compelling growth story
- Understand total addressable market
- Know competitive landscape
- Demonstrate founder-market fit
๐ผ Fundraising Strategy
- Only raise when you can convince investors
- Stick to the truth always
- Take first reasonable deal
- Raise enough for next milestone
๐ค Investor Relations
- Maintain control of company
- Communicate regularly but efficiently
- Use board meetings effectively
5
Scaling Operations
Months 18-36
๐จโ๐ผ Team Building
- Hire slowly and carefully
- Use equity over salary
- Maintain startup culture
- Choose partners over employees
โก Operational Excellence
- Implement "founder mode"
- Use skip-level meetings
- Maintain rapid execution
- Keep learning from users
๐ฏ Strategic Positioning
- Build multiple revenue streams
- Create network effects
- Develop competitive moats
- Plan for acquisition or IPO
๐ฏ Success Metrics by Phase
Phase 1-2
Product works, users love it
Phase 3
5-7% weekly growth, PMF
Phase 4
Revenue growth, funding
Phase 5
Sustainable business, exit
๐ฏ Core Success Principles
Make Something People Want
The fundamental rule - everything else follows from this
Understand Your Users
Talk to them constantly, measure their behavior, solve their problems
Move Fast & Iterate
Ship quickly, get feedback, improve constantly
Stay Determined
The most important founder quality - never give up
โ ๏ธ Warning Signs That Kill Startups
Single Founder
Bad Location
Marginal Niche
Derivative Ideas
Ignoring Users
Slow Launching
Bad Programmers
Founder Fights
Half-hearted Effort
