(at minute 2:03)
Last week I had the opportunity to meet-up with Bryce and the Indie.vc team during their quarterly retreat in Atlanta. I’ve been a fan of their approach since they launched, but hadn’t gotten a deep dive into their model until then.
In a nutshell, the Indie approach is to give a founder options. If they push hard for a year or . . .
(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 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 19:48)
I left my last startup about two years ago. Ever since then the topic that has most fascinated me is how disruptive companies are launched from the earliest moment that the founder has a special insight...what I call the "idea stage."
In order to focus full-time on this problem, I joined a long-time friend and . . .
Posted in: timingpersistencyfirst principlesadvisorscounterintuitive thingshustleprocessfocussolving a problemproduct market fitfounderspodcastmatt goldmanjoelle steinigermichael saccarocketship.fmbusiness model validationall
(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
(at minute 44:19)
Over the past few weeks - for no particular reason - my mind has been focused on the topic of unique product visions. Partly fueled by some recent thinking about MailChimp and Snapchat, I find myself thinking about what it means to have a truly contrarian view of the world.
With all of these thoughts swirling around in my head, . . .
Posted in: executionengagementpurposepersistencyfirst principlesniche productscounterintuitive thingsvisionvalue propositionunique playbookhustleprocessfocussolving a problemproduct market fitfounderspodcastbusiness model validationproductalltimingkara swisherrecode decode
(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 - . . .