Real Founder Lessons

Remain true to your product vision

(at minute 10:52)

Founder Lesson
It’s always great to see startups hit their stride. I’m fortunate to know the founders of MailChimp and I’ve enjoyed seeing their rapid rise over the past decade. Another company that seems to be experiencing a similar rise is Snapchat.

Two years ago I heard this podcast on Product Hunt Radio. The two founders . . .

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September 27, 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 . . .

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September 21, 2016

Why execution is what really matters

(at minute 52:09)

Founder Lesson

One of the most common pieces of advice about startups is...

The idea doesn’t matter. It’s all about execution.

When founders ponder this statement, they often translate it into “ideas are a dime a dozen” or “ignore competition.” What is often difficult to fully grasp - until you’ve lived it - is how . . .

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September 13, 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 . . .

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September 05, 2016

Consider retention when you have new startup ideas

(at minute 42:28)

Founder Lesson
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 . . .

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August 31, 2016

Startups are all about testing assumptions quickly

(at minute 4:18)

Founder Lesson
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 . . .

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August 25, 2016

Don’t underestimate distribution

(at minute 26:01)

Founder Lesson
I’ve often said that my startup playbook is a simple, two-step process...

Step #1 - Build a 10x better product.

Step #2 - Layer on a strong brand.

The reason that I believe in this simple formula is that the dynamics that effect startup success have changed drastically over just the past few . . .

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August 17, 2016

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