We can easily pivot and vastly change a project of ours. We can change as we learn more about our users.
Big companies can take months/years for even the smallest of pivots.
Then you only have one thing to do: scale, scale, scale.
- listen to every single person who uses your product
- reply to every single person who emails you about your product
- ask them what they like and do not like
- iterate your product, make changes, pivot if necessary
In the early stages of a company just;
- write code
- talk/sell to customers to stress test your idea
You gain great leverage in making products that make many many people better at their jobs.
This is a vastly under appreciated market that needs to be addressed.
Release as soon as possible. Get feedback. See if it works.
Take your small very enthusiastic user base and keep making the product better for them.
More users will come naturally via word of mouth.
How do you scale? Marketing & Sales.
Don't try to do it all yourself. Get help. Outsource. Hire.
Smart people know when to delegate.
Look for big products with a lot of negative feedback.
Make something better. Even if just a small amount of those agitated users will love it.
- work experience
- trying again
I think that advice is useful for a lot of us!
- spending your time wisely
- working with co-founders who you get on with very well
- sharing your ideas and getting feedback
- slowly but surely learning more about what works and what does not work
He loves hearing that people use his products and that they are really helpful.
Hearing that peoples lives are easier because of Stripe.
More from Startups
Published a new essay: The red flags and magic numbers that investors look for in your startup’s metrics – 80 slide deck included!
This was a deck that I created on my (longish) interview process with @a16z. It was a long path, starting with meeting folks at the firm 10 years ago. But the purpose of the deck was to explain how I would use my superpower in an investing context
Here's what I explain in the deck. As investors (whether angel or VC) we're often confronted with an up-and-to-the-right graph. Is it going to go up? Or down?
One solution to forecast these growth curves is the Growth Accounting Framework, where you add up New+Reactivated and subtract churned users. In each time period that gives you the difference in monthly actives.
The problem with this is that it's a lagging metric, not a leading one. We need to go one level deeper and look at the underlying loops that drive these numbers, to understand the quality.
Things you do need: a product that solves a problem for someone. That's it.
If you solve a problem for someone, you will be surprised by how much you don't need.
If you don't solve a problem for someone, you'll be surprised by how much won't help.
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Let folks have their many talents, interests and gifts. Life is far more fun with variety, loves.
A lot of folks have come to know me as an activist & I’m grateful that folks care to know me at all.
But I wasn’t born in 2014. I was a whole teacher, executive, policy person, speaker, arts and culture lover, reader, writer, woman of faith, fashion and more before 4 yrs ago 🤷🏾♀️
We rightfully complain that marginalized people are not allowed to be fully human.
But we internalize and transfer our oppression daily. It’s a smog. We all breathe it in & act it out.
And then tell WoC “girl ain’t you supposed to be a _______? Why you doing ____?”
Can I live?
And don’t go reading anything personal into this-this isn’t about me necessarily and it’s no subtweet (I try hard not to do that.)
I’ve just been observing that behavior more and more lately. Especially when it comes to marginalized folks.
Evolution should be our aspiration.
“Can’t knock the hustle” should be our anthem.
As long as someone isn’t bringing active and continual harm, why can’t they explore their many sides?
Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
Understand that ethical wealth creation is possible. If you secretly despise wealth, it will elude you.
Ignore people playing status games. They gain status by attacking people playing wealth creation games.
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.
Since then we've started a remote web dev company @SquarecatWebDev and been lucky enough to have completed several freelance projects 💻 that have kept us on the road.
In the last few months we've become a huge part of this amazing new Maker community and have found so many new friends from @makerskitchen, @women_make_ and several others! 🥰
We love travelling together (even if I'm only a glorified laptop watcher 😒) but we're both much happier being able to share our ideas outside of our own little bubble and our products have benefitted too!
Here's to another year of nomading with my favourite person and to the Maker community continuing to grow with our help! Maybe one day we'll all get to meet each other ✌️ 💛
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.