(at minute 31:25)
Creating a new product can be a frustrating & expensive process for founders. Few founders know the right steps, are able to find good resources, can effectively manage those resources (especially for first-time founders) and - even after nailing all of those - the entire process can be very expensive.
This podcast caught . . .
(at minute 51:04)
If you are a first-time founder considering launching a startup, here’s the first question that I’d recommend you ask yourself...
Do you really want to be a founder?
In this podcast a serial entrepreneur comments on what it truly means to be a founder.
Here are some of his points…
- Income. There are only three ways to finance . . .
(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 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 7:04)
One of the most counterintuitive lessons that I’ve learned about startups is that most features don’t matter. Having learned this lesson the hard way and talked with lots of startups founders, I can confidentially say that the vast majority of startup founders can’t pinpoint the one feature that their customers will love and . . .
Posted in: executionengagementniche productscounterintuitive thingstractionvalue propositionprocessmvpcompetitionfocussolving a problemproduct market fitvideojason calacanisthis week in startupspodcastbusiness model validationproductall
(at minute 15:20)
Startups are tricky business for many reasons. One of the trickiest of reasons is the notion of “truth.”
When you have a new idea that you think will make lots of people much happier, but you haven’t built anything yet, you have to weave such a dream that you make everyone believe in your vision. Then you have to convince a few . . .
(at minute 30:49)
The common belief is that you become a founder the day that you leave your day job to focus full-time on a new startup idea.
I’m beginning to believe that the path is more like this...
Step #1 You start off with a problem that you want to solve.
Step #2 You have a vision of what the future with look like.
Step #3 You come up . . .
Posted in: executionengagementpersistencycreativitypsychological frictioncounterintuitive thingstractionresiliencyhustleprocessmixergymvpfocusproduct market fitfounderspodcastbusiness model validationproductall