(at minute 13:03)
A trusted startup friend came to me the other day with a new idea...
He just bought a house, so he's thinking a lot about paying contractors for large projects and doing smaller projects himself. There are lots of videos on YouTube about small home projects (eg cutting down vines on the side of your home), but people lack . . .
Posted in: masters of scalepivotexecutionengagementfirst principlescounterintuitive thingstractionvalue propositionunique playbookhustleprocessfocussolving a problemproduct market fitmy favoritespodcastbusiness model validationproductall
(at minute 15:43)
There isn't a topic that interests me more than product-market fit. In the 2007 - 2010 timeframe I went from a lifestyle business (where I could fool myself that it was high-growth) to a high-growth startup (where you didn't have to wonder if it had product-market fit) and that transition completely changed the way I . . .
Posted in: delusion33voicesbootstrappingpivotexecutionengagementpurposepersistencypsychological frictioncounterintuitive thingstractionunique playbookresiliencyprocessmvpfocussolving a problemproduct market fitfoundersycombinatormy favoritespodcastbusiness model validationproductall
(listen to the whole thing)
There's only been two times that I've referenced a podcast in one of my blog posts, but not referenced an exact moment for the reader to listen to hear the lesson. First there was this one and today I'm going to do it again. In both instances the podcast has so many good lessons throughout that I would encourage all . . .
Posted in: listen to entire podcastexecutionengagementfirst principleslean startuppsychological frictionniche productscounterintuitive thingshustlegrowthprocessmvpfocusproduct market fitsam altmansuper fansycombinatormy favoritespodcastbusiness model validationproductallmasters of scale
(at minute 11:35)
Someone from a large company was asking me recently how I evaluated new startup ideas. They asked in a way that made me think of Shark Tank. I suspect that he expected me to say something like "I look for a strong technology patent" or "there has to be a big vision for a big market."
How I think about new . . .
Posted in: delusionpivotexecutionengagementpurposepersistencycustomer discoveryfirst principlespattern matchingpsychological frictionniche productscounterintuitive thingsvisionunique playbookresiliencyprocessmvpsolving a problempodcastbusiness model validationproductall
(at minute 2:24)
What I like to believe about startups is that two passionate founders who love a problem have a unique insight in a space and work on that problem until something clicks.
But lately I’ve been thinking about an alternative path.
What if founders just try to solve a problem without a big mission from the start? What if they . . .
Posted in: sidenotea16zengagementcustomer discoveryfirst principlesmicromanagementniche productscounterintuitive thingsunique playbookhustleprocessmvpfocussolving a problemproduct market fitpodcastbusiness model validationproductall
(at minute 8:57)
Yesterday I was talking with a first-time founder about the process of validating her B2C startup idea. Before she even decided to pursue her idea she did a survey with a bunch of consumers asking basic questions about the space and their habits.
People responded as she expected, so she decided to go all-in.
That means the idea . . .
Posted in: bootstrappinghow i built thisexecutionengagementcustomer discoveryfirst principlesadvisorslean startupmicromanagementcounterintuitive thingstractionvalue propositionunique playbookprocessmvpfocusproduct market fitmarketingmy favoritespodcastbusiness model validationproductall
(at minute 5:58)
If you spend any amount of time around startups, you won't hear many phrases more than "product-market fit." It's used so much for good reason...until some percent of your users love what you are doing, nothing else matters. Sidenote: the definition of "love" can be found here.
Whenever I think about . . .