Success is very very hard and elusive...
A fascinating write up in the ET on the “failure” of Hike.
Some major learnings I believe are applicable to ALL of us:
- product market fit scale : stickers in chat were cool but volume was not
enough to move the needle
My takeaway: innovations are not enough. Something for someone may not be
sustainable. Better to make something for everybody.
- copying wechat UI/UX failed.
My takeaway : What works in Mumbai doesn’t work in Pune... forget Delhi. So what
works in China is NOT a guarantee for India. Build local for local
- Inability up listen to team members / opinions.
While there HAS to be a single decision maker, IF that decision makers starts
with a mindset “hey I may not know it all”, then suggestions can help & get
implemented. Ego is the worst enemy in a startup (in life actually).
- Money, marquee investors, pedigree didn’t help.
My takeaway: Product IS God. And God doesn’t need help or relatives or bribes.
Your views?
Link - http://bit.ly/dkb-hike
#dhandhekibaat
Originally posted by Alok Kejriwal on Facebook
link: facebook.com/rodinhood
A fascinating write up in the ET on the “failure” of Hike.
Some major learnings I believe are applicable to ALL of us:
- product market fit scale : stickers in chat were cool but volume was not
enough to move the needle
My takeaway: innovations are not enough. Something for someone may not be
sustainable. Better to make something for everybody.
- copying wechat UI/UX failed.
My takeaway : What works in Mumbai doesn’t work in Pune... forget Delhi. So what
works in China is NOT a guarantee for India. Build local for local
- Inability up listen to team members / opinions.
While there HAS to be a single decision maker, IF that decision makers starts
with a mindset “hey I may not know it all”, then suggestions can help & get
implemented. Ego is the worst enemy in a startup (in life actually).
- Money, marquee investors, pedigree didn’t help.
My takeaway: Product IS God. And God doesn’t need help or relatives or bribes.
Your views?
Link - http://bit.ly/dkb-hike
#dhandhekibaat
Originally posted by Alok Kejriwal on Facebook
link: facebook.com/rodinhood
