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State of early-stage VC, finding PMF, Caroline Ellison testifies & more with Zach Coelius | E1826
This Week in Startups
Early Stage 3 : Iteration after jcurve setback.
During the third stage of a startup, known as seed extension, founders often face failure and market rejection. However, successful entrepreneurs use this opportunity to learn from their mistakes and iterate their ideas. This iterative process is messy but essential for discovering what the market truly wants. Examples like Slack and Twitter prove that these iterations can lead to magical and successful outcomes. It is a challenging phase, but if entrepreneurs find what people truly desire, they can achieve great success.
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