The Startup Ideas Podcast
The best businesses are built at the intersection of emerging technology, community, and real human needs.
Back to Beliefs
Financial discipline is as important as product-market fit
Evidence
WeWork had great product and vision but collapsed due to poor financial management. Many startups with inferior products outlast superior ones through better cash management
Implication
Founders should spend equal time on financial systems as product development
Counter Belief
Product-market fit and growth solve all problems - financial discipline can wait until later
Example Application
Allocate 15 minutes daily and 4 hours monthly to financial management, treating it as core founder responsibility not back-office function