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Real Founder Lessons

The first question to ask when you are considering a startup

(at minute 51:04)

Founder Lesson
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 . . .

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May 23, 2017

Example of not having product-market fit

(at minute 6:20)

Founder Lesson
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.

. . .

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November 15, 2016

Test investor reactions before running a full process

(at minute 33:33)

Founder Lesson
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 . . .

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November 10, 2016

Avoid distractions and focus only on what matters most

(at minute 2:27)

Founder Lesson
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 - . . .

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September 21, 2016

Raising money is never easy, so find true believers

(at minute 41:36)

Founder Lesson
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 . . .

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September 05, 2016

How to know when you don't have product-market fit

(at minute 30:01)

Founder Lesson
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.

Now what?

A . . .

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June 21, 2016

At the very beginning focus on a niche, passionate group of potential customers

(at minute 25:04)

Founder Lesson
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 . . .

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January 19, 2016

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