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Real Founder Lessons

The best founders eliminate risk

(at minute 36:16)

Founder Lesson
The notion of “risk” in new businesses has always fascinated me. The best founders that I know believe passionately in their idea and space, but they spend most of their time/energy/creativity removing risk to increase the likelihood that they will succeed. And if they can’t property remove/mitigate risk then they don’t move . . .

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December 23, 2015

Focus is your competitive advantage

(at minute 15:12)

Founder Lesson
Startups have a lot of disadvantages compared to other players in your industry. Most every other player in your industry has more money, more employees, more experience…pretty much more of everything. The only advantage that your startup has - and it’s bigger than you think - is focus.

Everyone you know woke up happy this . . .

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December 21, 2015

Resiliency is the most important founder trait

(at minute 18:22)

Founder Lesson
There’s a lot written about the importance of the resiliency of startup founders. I don’t like to write blog posts unless I can contribute something unique to the topic, so when I first heard the people on this podcast talk about resiliency, I was expecting the same old same old with nothing much blog-worthy here. But about . . .

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December 16, 2015

What angel investors want to see

(at minute 41:46)

Founder Lesson
As a group of investors, angel investors fall into a tricky middle ground that founders should understand and appreciate. Angels are typically individuals who are able to invest $10,000 to $100,000 personally. Most angels that I encounter act like friends & family investors - they focus on the people and idea. Like your . . .

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December 14, 2015

Talk with competitors

(at minute 15:54)

Founder Lesson
It’s common knowledge that talking with users is the best way to understand a potential market for a new startup. Less known, but also valuable, is talking with investors who invest in the space. Maybe even less accepted is a third way…talking with competitors.

In this podcast an experienced founder describes why talking with . . .

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December 10, 2015

The only metric that really matters for an early startup

(at minute 7:05)

Founder Lesson
Momentum is oxygen for startups. This is something that I’ve experienced many times. Momentum can be anything that motivates you and your team. Getting selected for a big conference. Convincing a local angel to invest. Getting a good press story. All of these small victories keep the founders going and make the difficult . . .

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December 03, 2015

It's really hard to get minimum viable product right

(at minute 24:01)

Founder Lesson
Since product-market fit is maybe the most important step in a new startup, deciding what to test and what initial product to create becomes pretty important. I find that most founders do the “kitchen sink” method of including everything. This methods takes too much time and money. Another group goes the Lean Startup route and . . .

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December 02, 2015

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