Le Meur, who came to Silicon Valley four years ago to launch the social-media app platform Seesmic Inc., provided this advice:
1) Don’t focus on the business plan. It’s too early for that.
2) Focus on a small niche, a white space you identify, a need that you think doesn’t have many people addressing it.
3) Choose something that you really care about or have passion for.
4) Execute as fast as you can, building something to address that narrow niche, even if it still has some bugs.
5) Launch super fast. Reid Hoffman of LinkedIn said, “if you are not ashamed of your product when you launch it, you launched too late.”
6) Focus on the very small group of initial users of that product. Make it a community. Listen to any feedback.
7) Iterate on the feedback you get. That will make your product grow. If it doesn’t, you need to pivot or kill the idea and move to the next one.
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