1/ The old Reid Hofffman saying is "if you aren& #39;t embarrassed by the first version of your product, you& #39;ve launched too late". It still holds today but I want clarify some things I& #39;ve learned over the years.

2/ The first version of your product doesn& #39;t necessarily mean the first version *everyone* sees. You should run a pilot/alpha with a smaller group to derisk your assumptions.

3/ When it comes to your first major launch, you should be embarrassed looking back. But you should be proud when you ship.

4/ There will always be a first version of some part of your product. There will always be some part that feels unfinished. That& #39;s good. It means you& #39;re growing.

5/ Over time, the individual features won& #39;t make sense together. Despite polishing each one, you will feel embarrassed by the whole. That is product debt. Addressing product debt is like shipping a new product. It& #39;s a new problem. Treat it the same way.