(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 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 that they used . . .
(at minute 2:27)
Everyone has that one initial failure that helps inform their future startup work. For some people it might have been something low-risk while they were in school. For me it was my first startup in San Francisco. For the the founder in this podcast, his first “bad” startup came out of a side project in 2006.
What he learned - . . .
Posted in: executionkat manalaccustomer discoveryfirst principlescounterintuitive thingsvalue propositionprocessmvpfocussolving a problemproduct market fitycombinatormy favoritespodcastbusiness model validationproductall
(at minute 41:36)
When I first started raising money for startups, a very experienced attorney told me that every round would take six months. What I came to find out is that the reality is more like six to nine months. To new founders this might sound surprisingly long, but this has been the case for me every time.
One piece of advice that has . . .
(at minute 30:01)
Many of us have been in this spot...
1) You feel a problem so deeply that you have to solve it, so you set off on your startup journey.
2) You wireframe a product that will solve your pain for lots of people.
3) You spend 6-12 months getting your product built.
4) You launch the product and the results are meh.
A . . .
(at minute 25:04)
Founders who focus on their own passion projects are often told that their ideas are too niche & small. While this is sometimes the case, it’s important to remember...
Lots more people are coming online and spending more money online, so all online markets are growing over time.
Many successful startups were niche products . . .
Posted in: unique playbookvalue propositiontractionvisioncounterintuitive thingshustleprocessmvpfocussolving a problemproduct market fitsuper fansycombinatorpodcastbusiness model validationproductallniche products
(at minute 16:10)
History is often re-written over time. A great example of this is startups that are successful. After reaching a certain level - for a bunch of good reasons - the origin story of startups is altered for PR reasons. The re-written story goes something like “the underdog founder had grand plans from the very beginning and has now . . .