(at minute 2:27)
Everyone has that one initial failure that helps inform their future startup work. For some people it might have been something low-risk while they were in school. For me it was my first startup in San Francisco. For the the founder in this podcast, his first “bad” startup came out of a side project in 2006.
What . . .
Posted in: allbusiness model validationcounterintuitive thingscustomer discoveryexecutionfirst principlesfocuskat manalacmvpmy favoritespodcastprocessproductproduct market fitsolving a problemvalue propositionycombinator
(at minute 52:09)
One of the most common pieces of advice about startups is...
The idea doesn’t matter. It’s all about execution.
When founders ponder this statement, they often translate it into “ideas are a dime a dozen” or “ignore competition.” What is often difficult to fully grasp - until you’ve lived it - is how . . .
(at minute 41:36)
When I first started raising money for startups, a very experienced attorney told me that every round would take six months. What I came to find out is that the reality is more like six to nine months. To new founders this might sound surprisingly long, but this has been the case for me every time.
One piece of . . .
(at minute 4:18)
Recently I was meeting with a first-time founder who has been working on his bootstrapped startup for two years. When I asked about his progress, he said that the first version of their app was just released into the app store.
Without going into specifics, this founding team - like most founding teams - has a very . . .
Posted in: allcounterintuitive thingsfirst principlesfocusjoelle steinigerlean startupmatt goldmanmichael saccamvpmy favoritesniche productspodcastprocessproductproduct market fitsolving a problemtractionunique playbookvalue proposition
Almost a year (and a few hundred readers) later and I’m still really enjoying it. Each writing session allows me to organize my thoughts about an important . . .
Posted in: allbusiness model validationcounterintuitive thingsfirst principlesfocusfoundershustlemy favoritespattern matchingprocessproductproduct market fitsolving a problemsuper fanstractionunique playbookvalue proposition
(at minute 14:23)
I was recently talking with an ex-NFL player about his new startup. His startup helps amateur athletes measure their performance and compare with others. He gave me the full pitch and then said, “a big advantage I have (as the founder) is that I’ve been to the ‘promised land,’ so it gives me some credibility.” Of course he . . .
Posted in: allbusiness model validationcounterintuitive thingsfocusgrowthhustlejoelle steinigermatt goldmanmichael saccamy favoritespodcastprocessproduct market fitrocketship.fmtractionunique playbook
(at minute 23:44)
Startup culture. Of all the startup terms that get thrown around and discussed, the concept of “culture” is one that seems to be the least understood.
First off…I’m no expert on this topic. As a matter of fact, I’ve probably not thought about this topic much more than the average founder. But I did start a startup . . .