What is your dumbest decision as a founder?

Question

Share your experience with stupid decisions and what they taught you.

Don't be shy :)

Business Marketing with Nika · Accepted Answer

@nickanisimov au :D that hurts. But in some cases even when you have a proper contract, the other side cannot be fair and pay you... and there are a few people who wants to spend time over courts, layers etc.

When it comes to me... the dumb thing was when I thought my idea is good – executed it... and that was everything :D first, I should so some research.

Nick from FirstHR · Answer

@busmark_w_nika I think everyone has made this mistake :)

Elara Thorn · Answer

This has to remind me of a similar stupid behavior I did: I cooperated with a man but did not sign any contract. I only contacted him through WhatsApp, and I paid him a deposit. As everyone expected, after paying the deposit, he Delete me. 😅

Nick from FirstHR · Answer

I'll start.

One of my dumbest decisions as a founder was working with a large company without a proper contract. As you understand, we were not paid in the end. 😁

Alok Kumar · Answer

Not spending $500 on an AI influencer on twitter during AI hype in february 2023. The influencer was getting half a million views on his each tweet. I thought $500 is too much. My product could've got thousands in mrr. 
One of my dumbest decision.

Answer

Don't do marketing.

Tony Tong · Answer

That’s for my first product, about four years ago. I spent hundreds of dollars on a logo before anything else was even set up—not even code or UI. Honestly, it’s *really* embarrassing to think about now. 😅

Answer

I didn't believe in myself.

Answer

Building a product without understanding who my client is.

welly · Answer

@nickanisimov photographe de mariage ville de cannes apture la magie de votre union avec style et élégance. Spécialisé dans les lieux prestigieux de la Côte d'Azur, il immortalise chaque instant précieux, des moments d’émotion aux paysages idylliques. Choisir un photographe de mariage à la Ville de Cannes, c’est garantir des photos sublimes, reflet de l’amour et du glamour de cet endroit unique.

Nick from FirstHR · Answer

@alokkumar You never know. I know a case where a team did a promo with a top blogger and got zero.

Charlotte Elise Sinclair · Answer

Not investing in our website's UI/UX early on. We focused so much on building out features that we neglected design and user experience. By the time we realized how critical UX was for conversion and retention, our competitors with slicker interfaces had already grabbed a big chunk of market share. Lesson learned - great UI/UX is worth investing in from day one!

What is your dumbest decision as a founder?

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