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Building a unicorn? Start here: Four principles every founder should know

  • Success in building a unicorn is about focus, not resources, team size, or idea innovation.
  • Key principles: start with a clear idea, prioritize, and avoid spreading resources thin.
  • Example: Miro's success started with improving whiteboard communication as their core idea.
  • Building an aligned team is crucial for execution; misalignment can lead to failure as seen in a startup story.
  • Misalignment at the leadership level led to a promising startup's failure due to building a complex product and losing market focus.
  • Not every client request should be implemented to avoid diluting efforts.
  • Adding unnecessary features due to client requests can lead to competition with established players.
  • Focused communication is essential, as technological advancements have increased market saturation.
  • Clarity and consistency in communication across all contexts are critical for a startup's success.
  • Maintaining focus is a skill that requires strategic decisions and saying no to opportunities not aligned with the core vision.

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