A twelfth rule

evhead: Ten Rules for Web Startups:

#11 (bonus!): Be WaryOvergeneralized lists of business “rules” are not to be taken too literally. There are exceptions to everything.

Evan Williams has a list of ten rules for startups, all of which are thoughtful and accurate. From being small and focused to humane, the startup is a remarkable opportunity to make something new, not just a product or service, but also a way of life for a group of people—including your investors.

I’d add one more rule, regarding financing:

Ratcliffe’s Financing Rule-of-Thumb: Spend more than you think you’ll need to and less than you want.

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Author: Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.