(at minute 31:15)
I'm working closely with two startups right now that are somewhere between launching an MVP product and getting their first few hundred customers. Both founders are trying to determine if they have product-market fit, but not quite enough customers have used the product. Over the next six months both will be able to do a . . .
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(at minute 1:14)
I’m really loving How I Built This, a new podcast from NPR. They say it’s "a podcast about innovators, entrepreneurs, and idealists, and the stories behind the movements they built.” The founders tend to be from large businesses that people know and the podcasts dive into their origin stories.
When I started listening to . . .
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(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 . . .
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(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 . . .
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(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 he learned - . . .
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(at minute 12:34)
Lately I’ve been been working closely with a group of startup founders in the idea stage. In other words, they know the space they want to focus on, but don’t have the complete business model ready to validate.
During this stage, customer feedback is always tricky. I’ll never argue against talking with potential customers - . . .