Week 1 - Percy Yan

In the article "Startup is Growth" by Paul Graham, the main factors that contributes to a successful startups mentioned are "redwood, ideas, rate, compass, value, deals, understand". Each of these components are important because they guide a startup towards the correct direction and growth. First component is redwood. According to the article, startups are designed to grow fast like a redwood's destiny from a bean sprout. For a start up to achieve that, it must make something lots of people want and be able to reach and serve all those people. Next, a startup should come up with an idea or ideas that is different from everything that is already out there. It should be an idea that solves problems for a lot of people. Next factor is rate. The rate of growth should be always increasing. There is an initial period of slow or no growth while the startup tries to figure out what it is doing. As the startup figures out how to make something lots of people want and reach those people, there is a period of growth. Eventually a startup will grow into a big company. The next component is compass. This is about balancing different features in a startup by adjusting what is necessary and what is not. Value of the startup should also be increasing as time goes. Another important factor is deals. Your startup should be appealing to investors and be able to catch their attentions. Lastly, a startup should understand their products as well as their customers. They should be open to feedbacks as well as criticisms.

https://thinkgrowth.org/the-startup-founders-guide-to-analytics-1d2176f20ac1