(at minute 13:01)
There’s a doughnut shop in my neighborhood called Revolution Doughnuts. As a neighbor I can attest that they are a tremendous local success story and their ratings on Yelp put them in the top 15% of all restaurants in town.
I lived nearby before they launched their first location, so I saw how the owner . . .
Posted in: allbusiness model validationcounterintuitive thingsdelusionexecutionfirst principlesfocusgrowthhustlelean startuploose threadsmvpmy favoritesniche productspodcastprocessproductproduct market fitsolving a problemsuper fanstractionunique playbookvalue proposition
(at minute 9:22)
A few years ago I had an epiphany moment about startups...the best founders are problem solvers. They see the world as infinitely malleable and proceed to think about ways to change it to add value. This might sound obvious, but when you compare "problem solving" to money, power or fame as primary career drivers, . . .
Posted in: allbusiness model validationcounterintuitive thingscustomer discoveryengagementexecutionfirst principlesfocuslean startupmvpniche productsprocessproductproduct market fitsolving a problemstanford universitysuper fansunique playbookvalue propositionvideovision
(listen to the whole thing)
There's only been two times that I've referenced a podcast in one of my blog posts, but not referenced an exact moment for the reader to listen to hear the lesson. First there was this one and today I'm going to do it again. In both instances the podcast has so many good lessons throughout that I would encourage . . .
Posted in: allbusiness model validationcounterintuitive thingsengagementexecutionfirst principlesfocusgrowthhustlelean startuplisten to entire podcastmasters of scalemvpmy favoritesniche productspodcastprocessproductproduct market fitpsychological frictionsam altmansuper fansycombinator
(at minute 5:58)
If you spend any amount of time around startups, you won't hear many phrases more than "product-market fit." It's used so much for good reason...until some percent of your users love what you are doing, nothing else matters. Sidenote: the definition of "love" can be found here.
Whenever . . .
(at minute 31:15)
I'm working closely with two startups right now that are somewhere between launching an MVP product and getting their first few hundred customers. Both founders are trying to determine if they have product-market fit, but not quite enough customers have used the product. Over the next six months both will be able to do . . .
Posted in: 33voicesallbusiness model validationcounterintuitive thingscustomer discoveryengagementexecutionfocusfocus groupsfoundersmvpmy favoritesniche productspersistencypodcastprocessproductproduct market fitsolving a problemsuper fanstractionunique playbookvalue proposition
(at minute 2:11)
A few days ago I ran across this blog post. It’s the announcement from Shyp that they are cutting headcount and closing expansion markets to focus on profitability. Too many similar outcomes come to mind recently…Sprig, HomeHero, Zirtual, Beepi, Good Eggs & Homejoy. And these are just the ones that immediately come to . . .
Posted in: allbusiness model validationcounterintuitive thingsengagementexecutionfirst principlesfocusfoundersgrowthlean startupmarketingmvpmy favoritespodcastprocessproductproduct market fitretentionsolving a problemsuper fansthis week in startupstractionunique playbookvideo
(listen to the whole thing)
I’m really loving How I Built This, a new podcast from NPR. They say it’s "a podcast about innovators, entrepreneurs, and idealists, and the stories behind the movements they built.” The founders tend to be from large businesses that people know and the podcasts dive into their origin stories.
When I started . . .
Posted in: allbootstrappingbusiness model validationcounterintuitive thingscreativitycustomer discoveryengagementexecutionfirst principlesfocusfoundershow i built thislean startuplisten to entire podcastmicromanagementmvpmy favoritespodcastprocessproductproduct market fitpsychological frictionrisksolving a problemsuper fanstractionunique playbookvalue proposition