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by icu 4231 days ago
I think this entrepreneur should be given a little bit more credit than your post suggests:

1) He is willing to share his experiences which I think is brave and should be applauded.

2) He is obviously learning hard won lessons which I think are the best kind. I certainly learnt more from my business failures than successes.

3) Based on his HN comments he seems to have had two successes out of 12 tries (assuming 10 failures mentioned in the blog plus the 2 other tries that are still alive). I think this isn't too bad.

4) He has a location disadvantage. Sure you can argue that the Internet levels the playing field but I don't quite buy it. I don't know for sure but I suspect that Latvia's tech start-up community is nascent compared to other geographic locations. I argue that start-up culture and knowledge are highly valuable and while the Internet can help to transmit this I believe that, "being there is everything".

If I would throw in my two cents in I would kindly suggest to this entrepreneur to:

1. Keep going and maintain momentum

2. Build up a network and start finding complementary team members, and

3. Focus on hard/valuable problems.

1 comments

You are right about Latvia tech start-up community - before 2012 we had only 1 monthly meetup group, and only later TechHub Riga - a co-working space for start-ups was launched, and now it is expanding, and other places are being opened as well. So basically the start-up community is active here for about 3 years.

Thank you for the tips.