Startup community is a tightly knit one and ironically it is also one of the biggest disadvantages. In events, we saw entrepreneurs discussing ideas among themselves. One would say: “your idea is cool“. The other would respond: “no man, your idea is cool“. You see — perfect ego boosting so that nobody feels bad about their efforts.
The worst part, in fact, is that since entrepreneurs talk to other fellow entrepreneurs at such events and no body wants to be the bad guy, they end up getting false hopes about coolness of their startup. The only solution to this is getting away from ego-boosting talk at startup events and actually testing your product validity with customers and being ruthless at that.
Another aspect to this “ego-chamber” is that there are lot of buzzwords that entrepreneurs keep hearing without knowing the full context. People will talk about persistence, distribution channels, cloud computing, social media analytics and what not. The startup community would throw around all these buzzwords and sadly nobody disagrees or asks for clarification because no body wants to be the bad guy crushing the other entrepreneur’s ego.
Being nice. Yes, that’s the biggest problem with startup community. For example, if an entrepreneur is working on a social network around Bollywood movies, instead of saying it is cool why can’t you ask: how are you going to make money, without funding how are you going to find initial users, how big is the market, what traction have you got so far and how you honestly think it is the lamest idea ever.