DO: Define your values
What are you? Your values are going to be the foundation of what you are, and more importantly, what you will be – now, tomorrow and in ten years time. Set them early and set them well because they will define you for the rest of your existence. It’s really, really easy to half-ass this. Don’t, because it will come back to bite you if you do.
The convenient thing would be to dump all of your “values”, your product, and brand name into a blender, dump out the contents and proclaim “There, we’re done!” It’s not that easy and more importantly, what comes out won’t be an accurate representation of what you are.
So to do this right, take the best of what your team, vision, and product represents, in appropriate doses, and create a whole new identity. Remember, this is NOT something a single person (e.g. founder) can do on their own. Involve the team, involve friends, involve advisors. Stop trying to do it yourself, take a step back and get people involved.
P.S. Everyone wants to be “fun”, “ethical”, “challenging” and “revolutionary.” Skip those values from your brainstorming and consider them as given.