{"id":650,"date":"2022-03-24T12:27:32","date_gmt":"2022-03-24T12:27:32","guid":{"rendered":"https:\/\/wellai.health\/blog\/?p=650"},"modified":"2022-03-24T17:19:47","modified_gmt":"2022-03-24T17:19:47","slug":"our-7-rules-of-running-a-successful-startup-some-may-surprise-you","status":"publish","type":"post","link":"https:\/\/wellai.health\/blog\/our-7-rules-of-running-a-successful-startup-some-may-surprise-you\/","title":{"rendered":"Our 7 Rules of Running a Successful Startup.  Some May Surprise You."},"content":{"rendered":"<p>In the book \u201c<a href=\"https:\/\/www.amazon.com\/Im-Feeling-Lucky-Confessions-Employee\/dp\/B009F7CVP6\/\">I\u2019m Feeling Lucky: The Confessions of Google Employee Number 59<\/a>\u201d, Douglas Edwards shares that Google founders were so fed up with business development people advising them \u201cby the book\u201d, they procrastinated having any business people in the building who didn\u2019t understand the 100x power of their technology and couldn\u2019t code.<\/p>\n<p><iframe loading=\"lazy\" title=\"I&#039;m Feeling Lucky: The Confessions of Google Employee Number 59\" type=\"text\/html\" width=\"800\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com\/kp\/card?preview=inline&#038;linkCode=kpd&#038;ref_=k4w_oembed_vGfWoSyxOUiyus&#038;asin=B009F7CVP6&#038;tag=kpembed-20\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h4>The point is: when you are developing something unique, it\u2019s OK to break the rules and traditions.<\/h4>\n<p>&nbsp;<\/p>\n<p>At this 2-year anniversary of WellAI, we share our word of advice with anyone who came up with an idea or built an algorithm and wants to explore whether that idea could develop into a growing business.<\/p>\n<p>&nbsp;<\/p>\n<h4>Here are our 7 rules of running a successful startup:<\/h4>\n<p>&nbsp;<\/p>\n<ol>\n<li>It\u2019s OK to build an algorithm in search of a solution. Don\u2019t listen to naysayers.\u00a0 Think Google.<\/li>\n<li>If you can afford it, don\u2019t get VCs and investors until you have a product that sells. Even then, think twice: why do you need an investor if you are already growing.\u00a0 The only reason you may still need investors is to scale your product.<\/li>\n<li>If you can make a living going slow with your startup, take it slow. There is no shame in that.<\/li>\n<li>If you have a prototype, any prototype, have as many conversations with all sorts of experts as possible. Early conversations are super important.\u00a0 That\u2019s how you learn about the market and where and how your product may help.\u00a0 <em>While<\/em> you are building a product, get as much feedback as possible about the prototype, run experiments, pilot your product.<\/li>\n<li>Throw every suggestion about your product against the wall and see what sticks.<\/li>\n<li>Get the \u201ctechnical people power\u201d. For a technology company, it\u2019s much better than having a \u201cbusiness people power\u201d.\u00a0 Technical people know right away where the pain is and can figure out early how to address that pain.\u00a0 WellAI is fortunate in this department.<\/li>\n<li>Get a catchy descriptive name for your product everyone understands immediately. For WellAI, one such name has been a \u2018second opinion tool\u2019.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>We lived and sweated through all these 7 rules.\u00a0 We hope someone else would benefit from our experience.\u00a0 Happy adventures in entrepreneurship!\u00a0 Go conquer the world!<\/p>\n<p>&nbsp;<\/p>\n<p>WellAI Team<\/p>\n<p><a href=\"https:\/\/wellai.health\/\">wellai.health<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the book \u201cI\u2019m Feeling Lucky: The Confessions of Google Employee Number 59\u201d, Douglas Edwards shares that Google founders were so fed up with business development people advising them \u201cby the book\u201d, they procrastinated having any business people in the building who didn\u2019t understand the 100x power of their technology and couldn\u2019t code.<\/p>\n","protected":false},"author":3,"featured_media":651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[235,3],"tags":[240,237,241,239,236,238,6],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/wellai.health\/blog\/wp-content\/uploads\/2022\/03\/Our-7-Rules-of-Running-a-Successful-Startup-e1648124753314.jpg?fit=698%2C400&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/posts\/650"}],"collection":[{"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/comments?post=650"}],"version-history":[{"count":4,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/posts\/650\/revisions"}],"predecessor-version":[{"id":655,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/posts\/650\/revisions\/655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/media\/651"}],"wp:attachment":[{"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/media?parent=650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/categories?post=650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wellai.health\/blog\/wp-json\/wp\/v2\/tags?post=650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}