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3 Tips for SaaS Startups: Advisors, Math and Weak Spots

There are hundreds of startup advice blog posts. Many of them are based on a couple of experiences the respective founders made which are sometimes being presented as universal truth applicable to every startup. What frequently is missing is the context of the writer. So here’s my context: I’m an entrepreneur, I established a single successful (aka profitable) software boutique with my brother before we started to work on Usersnap (a B2B SaaS product), and we failed with another business idea. I’m older than the average startup founders and I did not drop out of university. I’m living in Austria, and I prefer the term “starting a business” instead of “running a startup”.

Disclosing this background, I’d like to share 3 observations I made in the last months.

Thoughts about finding Advisors

Limited life experiences + Over-generalization = Advice
Paul Buchheit, Founder of FriendFeed and creator of Gmail

I’m amazed how many people show the self-confidence to call themselves startup-advisors. At some point, I even got the impression that some failed startup entrepreneurs believe they’ll be able to advise other startups with a rationale that a set of experienced mistakes empowers them to guide fellow startups.

To me, that’s a misconceived plan B. Whereas I strongly believe that sharing failure with other entrepreneurs is very valuable I don’t think this is what advising is about. Continue Reading “3 Tips for SaaS Startups: Advisors, Math and Weak Spots”

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