Real Founder Lessons

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First few hundred customers is about product

(at minute 7:10)

Founder Lesson
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 . . .

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The three B's of creativity

(at minute 1:002:56)

Founder Lesson
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) . . .

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Most features don't matter

(at minute 7:04)

Founder Lesson
One of the most counterintuitive lessons that I’ve learned about startups is that most features don’t matter. Having learned this lesson the hard way and talked with lots of startups founders, I can confidentially say that the vast majority of startup founders can’t pinpoint the one feature that their customers will love . . .

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The three parts of organic growth

(at minute 4:05)

Founder Lesson
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, . . .

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Focus on one key metric

(at minute 4:57)

Founder Lesson
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, . . .

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The pit of despair

(at minute 30:49)

Founder Lesson
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 . . .

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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 . . .

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Archive

All Categories: all(114) podcast(102) process(89) focus(80) product(70) counterintuitive things(65) product market fit(64) business model validation(60) solving a problem(58) mvp(57) unique playbook(48) traction(43) founders(40) execution(36) my favorites(36) hustle(34) first principles(33) value proposition(32) video(32) this week in startups(30) jason calacanis(28) ycombinator(24) persistency(24) engagement(23) lean startup(20) resiliency(19) super fans(19) vision(16) psychological friction(16) customer discovery(15) purpose(15) niche products(15) growth(13) stanford university(13) vc(12) creativity(11) raising capital(11) aaron harris(10) micromanagement(10) marketing(10) pattern matching(10) jay acunzo(9) financing(9) pivot(9) delusion(9) matt goldman(9) scalability(9) nextview ventures(9) michael sacca(9) competition(8) team(8) rocketship.fm(7) advisors(7) bootstrapping(7) sidenote(7) mixergy(5) risk(5) wharton business radio(5) joelle steiniger(5) retention(5) how i built this(5) hypepotamus(4) sam altman(4) timing(4) brand(4) culture(4) focus groups(4) andrew warner(4) joelle goldman(4) a16z(4) 33voices(3) kat manalac(3) startups for the rest of us(2) distribution(2) dorm room tycoon(2) listen to entire podcast(2) masters of scale(2) kara swisher(2) recode decode(2) eric ries(2) network effect(2) domain expertise(2) product hunt radio(2) accelerators(1) joshua reeves(1) tim ferriss(1) twenty minute vc(1) founder's journey(1) indie.vc(1) time(1) optimal living daily(1) loose threads(1) mentoring(1) mentors(1) fred wilson(1) chris sacca(1) home