(at minute 42:28)
The notion of retention has always interested me when it comes to new startup ideas. I’m sure there are lots of complicated definitions for that term, but to me it simply means your customers’ propensity to continue to use you app in an ongoing cadence that’s appropriate for your type of business.
One of the topics . . .
(at minute 4:18)
Recently I was meeting with a first-time founder who has been working on his bootstrapped startup for two years. When I asked about his progress, he said that the first version of their app was just released into the app store.
Without going into specifics, this founding team - like most founding teams - has a very . . .
Posted in: allcounterintuitive thingsfirst principlesfocusjoelle steinigerlean startupmatt goldmanmichael saccamvpmy favoritesniche productspodcastprocessproductproduct market fitsolving a problemtractionunique playbookvalue proposition
(at minute 12:34)
Lately I’ve been been working closely with a group of startup founders in the idea stage. In other words, they know the space they want to focus on, but don’t have the complete business model ready to validate.
During this stage, customer feedback is always tricky. I’ll never argue against talking with potential . . .
Almost a year (and a few hundred readers) later and I’m still really enjoying it. Each writing session allows me to organize my thoughts about an important . . .
Posted in: allbusiness model validationcounterintuitive thingsfirst principlesfocusfoundershustlemy favoritespattern matchingprocessproductproduct market fitsolving a problemsuper fanstractionunique playbookvalue proposition
(at minute 14:23)
I was recently talking with an ex-NFL player about his new startup. His startup helps amateur athletes measure their performance and compare with others. He gave me the full pitch and then said, “a big advantage I have (as the founder) is that I’ve been to the ‘promised land,’ so it gives me some credibility.” Of course he . . .
Posted in: allbusiness model validationcounterintuitive thingsfocusgrowthhustlejoelle steinigermatt goldmanmichael saccamy favoritespodcastprocessproduct market fitrocketship.fmtractionunique playbook
(at minute 6:07)
Over the years I’ve developed a very specific playbook for my own startup ideas. Determine what is most likely to be a 10x better product in a space. Once that’s been tested, layer a very strong brand on top of that product. There are many playbooks to be successful…this is mine.
Put as simply as possible, the . . .
(at minute 21:50)
How would you like to be a startup competing with Apple? I love competing with big/slow/dumb companies, but Apple isn’t one that I’d want as a competitor.
The founder in this podcast didn’t feel that way. He founded Pebble…a watch that made crowdfunding history in 2012 when it raised $10 million and broke that . . .