Expect a new startup to take 18 months to find product-market fit
(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 . . .
In the early days hustle is more important than scalability
(at minute 18:03)
Common Founder Issue
One of the best things that I’ve ever heard about startups is the connection between promising businesses and how much those teams are constantly getting done. Related to this topic, I’ve grow to believe that it’s so difficult to connect the dots in the very early days that teams just need to work their asses off and . . .