Why take funding if you are successfully bootstrapped?
(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 . . .
Going from doer to manager
(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 . . .
What's your unique insight?
(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 . . .
Pivots can be executed very quickly
(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). . . .
The three B's of creativity
(at minute 1:002:56)
I spend most of my time working on startups for consumers. To people new to startups, the differences between startups that sell to consumers and those that sell to businesses might not seem big, but the playbook for validating, launching and growing B2C versus B2B startups is very different.
One (of many) . . .
The three parts of organic growth
(at minute 4:05)
Anyone who reads my blog knows that I’m a product-first founder. I just looked at the various tags that I use for my blog and 40 of my blog posts (over half) are tagged “product.” I love product.
I focus so much on product because I believe it’s like the foundation of a house. If you make the foundation amazing, . . .
Focus on one key metric
(at minute 4:57)
This morning I was having coffee with a first-time founder discussing his new business idea. Like many (first time and experienced) founders, he spent most of the conversation discussing “at scale” issues. These are issues that become hurdles down the line (eg partnerships that drive new customer acquisition, legal issues, . . .