(at minute 2:44)
Last week I was talking with a founder who was getting ready to raise money for the first time. During the course of our conversation it occurred to me that he's thinking the thoughts that all founders think before fundraising for the first time...
"Investors are going to meet me and hear my idea and in . . .
(at minute 6:42)
I remember the first time that someone experienced told me some version of this advice...
"Don't waste your time with that investor...they don't invest in your type of startup."
"Don't waste your time with that investor...they aren't that active."
"Don't . . .
(at minute 5:31)
How do you know that consumers love your product?
What I hear most often is “just last week a customer told me how much they loved using the product.” Or founders will say "our daily active users (DAUs) or monthly active users (MAUs) continue to increase.”
These are both decent ways to keep your . . .
(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 . . .
(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 . . .
Posted in: purposecustomer discoveryfirst principlescounterintuitive thingsvisionunique playbookresiliencynextview venturesjay acunzoprocessmvpvcfocussolving a problemfoundersmy favoritespodcastproductall
(at minute 7:10)
Sequoia is one of the top venture firms and Roelof Botha is one of their top investors. As with all members of the PayPal Mafia, I pay particular attention when I hear them speak because that group is so thoughtful about how disruptive companies are created. And Roelof in particular is very thoughtful.
In this . . .
Posted in: engagementdistributioncustomer discoverylean startupcounterintuitive thingstractionvalue propositionfinancingprocessmvpraising capitalvcfocussolving a problemproduct market fitmarketingjason calacanisthis week in startupspodcastbusiness model validationproductall
(at minute 33:33)
Once founders have a good handle on their startup, the topic of raising money is never too far behind. Because raising capital takes so much time & energy I’m always looking for lessons to help me think about this topic.
This podcast captured my attention because the founders detailed a step-by-step process . . .