(at minute 5:31)
How do you know that consumers love your product?
What I hear most often is “just last week a customer told me how much they loved using the product.” Or founders will say "our daily active users (DAUs) or monthly active users (MAUs) continue to increase.”
These are both decent ways to keep your fingers on the pulse of the . . .
(at minute 2:03)
Last week I had the opportunity to meet-up with Bryce and the Indie.vc team during their quarterly retreat in Atlanta. I’ve been a fan of their approach since they launched, but hadn’t gotten a deep dive into their model until then.
In a nutshell, the Indie approach is to give a founder options. If they push hard for a year or . . .
(at minute 4:09)
Everyone knows that startups are “hard.” Ask anyone why this is the case and they’ll say things like “startups are risky” or “raising money is difficult.” While those things are true, they are only surface-level characteristics of startups. They don’t truly pinpoint why founders find the startup journey much more difficult than . . .
(at minute 14:01)
The more time I spend around startups the more I value the origin story of the founding team. And I’m not alone here. Pay attention to the VCs that you most respect. When you listen to them interview startup founders and the founders immediately launch into a product demo or describing traction, you’ll often hear the investors . . .
Posted in: purposecustomer discoveryfirst principlescounterintuitive thingsvisionunique playbookresiliencynextview venturesjay acunzoprocessmvpvcfocussolving a problemfoundersmy favoritespodcastproductall
(at minute 19:29)
Every startup pivots.
If you are founder - particularly if it’s your first startup - this is an incredibly daunting statement. You are smart. You’ve had this problem for a long time. Your initial product solves your problem. Plus you’ve been thinking about and working on this idea for 6/12/18/24 months (or longer).
So how can . . .
Posted in: executionpurposepersistencyfirst principlescounterintuitive thingstractionvalue propositionunique playbookresiliencyprocessmvpfocussolving a problemproduct market fitpodcastbusiness model validationproductallhow i built thispivot
(at minute 7:10)
Sequoia is one of the top venture firms and Roelof Botha is one of their top investors. As with all members of the PayPal Mafia, I pay particular attention when I hear them speak because that group is so thoughtful about how disruptive companies are created. And Roelof in particular is very thoughtful.
In this podcast Roelof is . . .
Posted in: engagementdistributioncustomer discoverylean startupcounterintuitive thingstractionvalue propositionfinancingprocessmvpraising capitalvcfocussolving a problemproduct market fitmarketingjason calacanisthis week in startupspodcastbusiness model validationproductall
(at minute 1:002:56)
I spend most of my time working on startups for consumers. To people new to startups, the differences between startups that sell to consumers and those that sell to businesses might not seem big, but the playbook for validating, launching and growing B2C versus B2B startups is very different.
One (of many) differences is the . . .