What made launching at SXSW a "do or die" situation? Sure, it's free publicity, but is that worth burnout and product that was rushed out the door?
I wish you guys all the best, but I wonder if you'll look back at this in a year and think that maybe you should have just taken another month or two to build 1.0.
Pride. Sounds to me like everyone knew what they were signing up for and fighting to make the accomplishment goes a long way in building the group.
I'm guessing that it's the famous kickstart it gave to Twitter that has started this trend.
If we'd had perfect knowledge of what we were going to build in the beginning, we could have cut a lot of time off customer development / exploratory phase of the product development, but I've never realistically heard of that before for a new product.