(at minute 41:46)
As a group of investors, angel investors fall into a tricky middle ground that founders should understand and appreciate. Angels are typically individuals who are able to invest $10,000 to $100,000 personally. Most angels that I encounter act like friends & family investors - they focus on the people and idea. Like your . . .
(at minute 15:54)
It’s common knowledge that talking with users is the best way to understand a potential market for a new startup. Less known, but also valuable, is talking with investors who invest in the space. Maybe even less accepted is a third way…talking with competitors.
In this podcast an experienced founder describes why . . .
(at minute 7:05)
Momentum is oxygen for startups. This is something that I’ve experienced many times. Momentum can be anything that motivates you and your team. Getting selected for a big conference. Convincing a local angel to invest. Getting a good press story. All of these small victories keep the founders going and make the difficult . . .
(at minute 24:01)
Since product-market fit is maybe the most important step in a new startup, deciding what to test and what initial product to create becomes pretty important. I find that most founders do the “kitchen sink” method of including everything. This methods takes too much time and money. Another group goes the Lean Startup route . . .
(at minute 21:54)
Over the years I’ve struggled with how to think about competition. There are obvious competitors in your industry that you can find with a simple Google search, but I’ve found that the best founders think more deeply about this topic.
The best founders fixate on their primary customer value proposition and who else . . .
For this post, I decided to switch things up a bit to give a little backstory on where I get most of the content for my blog.
I frequently have coffee meetings with first-time founders where they ask for advice on how to learn the basics of startups.
Here are the best four ways to learn about startups...
1) Best way . . .
(at minute 8:25)
Common Founder Issue
I didn’t believe this when I started and this constantly surprises first-time founders, but a good general rule is that new startups will take about 18 months to find decent product-market fit. Sometimes it happens as quickly as 12 months and often (of course) it never happens, but 18 months is what I’d expect if I . . .