(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 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 unique . . .
Posted in: first principleslean startupniche productscounterintuitive thingstractionvalue propositionunique playbookprocessmvpfocussolving a problemproduct market fitmy favoritespodcastmatt goldmanjoelle steinigermichael saccaproductall
(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: counterintuitive thingstractionunique playbookhustlegrowthprocessfocusproduct market fitmy favoritespodcastmatt goldmanjoelle steinigermichael saccarocketship.fmbusiness model validationall
(at minute 15:12)
Startups have a lot of disadvantages compared to other players in your industry. Most every other player in your industry has more money, more employees, more experience…pretty much more of everything. The only advantage that your startup has - and it’s bigger than you think - is focus.
Everyone you know woke up happy this . . .
(at minute 7:05)
Momentum is oxygen for startups. This is something that I’ve experienced many times. Momentum can be anything that motivates you and your team. Getting selected for a big conference. Convincing a local angel to invest. Getting a good press story. All of these small victories keep the founders going and make the difficult . . .
For this post, I decided to switch things up a bit to give a little backstory on where I get most of the content for my blog.
I frequently have coffee meetings with first-time founders where they ask for advice on how to learn the basics of startups.
Here are the best four ways to learn about startups...
1) Best way - Leave your job and . . .
Posted in: ycombinatorwharton business radiovideovcthis week in startupsstanford universitysam altmanrocketship.fmpodcastnextview venturesmixergymichael saccamatt goldmanjoelle goldmanjay acunzojason calacanisfoundersandrew warnerall
(at minute 5:39)
Common Founder Issue
I often hear founders discuss whether or not a certain business is “VC fundable” or “should we raise $250k or $1M?” What I’ve learned is that businesses and management teams are going to do what they do and financing strategy follows the operational results that happen as they execute their plans.
In other words, I’d . . .