(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 14:01)
The more time I spend around startups the more I value the origin story of the founding team. And I’m not alone here. Pay attention to the VCs that you most respect. When you listen to them interview startup founders and the founders immediately launch into a product demo or describing traction, you’ll often hear the investors . . .
Posted in: purposecustomer discoveryfirst principlescounterintuitive thingsvisionunique playbookresiliencynextview venturesjay acunzoprocessmvpvcfocussolving a problemfoundersmy favoritespodcastproductall
(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 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
(at minute 6:20)
I’ve spent a decade of my life in the “local discovery” part of the startup universe. In 2009 I co-founded a company called Scoutmob, a very early entrant into the part of the local discovery space that Groupon kicked-off a year earlier. This was after working for two years on the same problem with a different startup product.
Posted in: executionengagementpurposepersistencyfirst principleslean startupcounterintuitive thingstractionresiliencyprocessmvpfocusproduct market fitfoundersaaron harrisycombinatormy favoritespodcastbusiness model validationproductall
(at minute 52:09)
One of the most common pieces of advice about startups is...
The idea doesn’t matter. It’s all about execution.
When founders ponder this statement, they often translate it into “ideas are a dime a dozen” or “ignore competition.” What is often difficult to fully grasp - until you’ve lived it - is how many different ways there . . .