Daily Archives: August 27, 2008

An Introspective Look at Startup Killing (Potential) Mistakes

Mike McDermant, CEO if Freshbooks, wrote a great blog post today, 7 ways I’ve almost killed FreshBooks.

Mike has led Freshbooks to a great place over the last few years, having built a great product sooths a point of pain for many people, myself included. I highly recommend that you check both this post and his product out. The 7 ways? Well:

  1. Thinking we had to move faster than we did
  2. Placing my faith in a spreadsheet
  3. Thinking we had to spend more than we did
  4. Placing my faith in consultants
  5. Underestimating word of mouth
  6. Believing we could not get this far without doing “x”
  7. Doubting ourselves too much

For full details, see his post.

Thanks, Mike, for being so open about this. A lot of startup CEOs could learn from your experiences