(at minute 0:33)
Last week I was having dinner with a founder who had a very good exit for his startup. Halfway through dinner he begins to reminisce about the journey. It is well-known that this startup had four distinct (large) pivots, but his narrative didn't describe it that way. Because he was the person on the front lines of this . . .
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(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 00:49)
I don't have all the answers. No one does.
Your best advisor doesn't have all the answers. The best VC on Sand Hill Road doesn't have all the answers. The best founder doesn't have all the answers. That's why startups are so tricky...every straight-forward problem has been solved. So what's left (by . . .
(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 2:11)
A few days ago I ran across this blog post. It’s the announcement from Shyp that they are cutting headcount and closing expansion markets to focus on profitability. Too many similar outcomes come to mind recently…Sprig, HomeHero, Zirtual, Beepi, Good Eggs & Homejoy. And these are just the ones that immediately come to mind. . . .
Posted in: executionretentionengagementfirst principleslean startupcounterintuitive thingstractionunique playbookgrowthprocessmvpfocussolving a problemproduct market fitfoundersvideosuper fansmarketingthis week in startupsmy favoritespodcastbusiness model validationproductall
(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 . . .
Posted in: bootstrappinghow i built thisexecutionengagementcustomer discoveryfirst principlescreativitylean startupmicromanagementpsychological frictioncounterintuitive thingstractionvalue propositionunique playbookriskprocessmvpfocussolving a problemproduct market fitfounderssuper fansmy favoritespodcastbusiness model validationproductall
(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 . . .