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I was driving home from the BIO conference in San Diego last month and had lots of time for a phone call with Dave, an ex student and now a founder who wanted to update me on his Customer Discovery progress. Customer Discovery. He worked hard to deeply understand the customer problems of these two customer segments.
They also over-invest in solo founders and founding teams without technicalcofounders despite indicators that show that these teams have a much lower probability of success. Technical-heavy founding teams are 3.3x Balanced teams with one technical founder and one business founder raise 30% more money, have 2.9x
I pointed out that the “data” you gather in 10 weeks (talking to 100+ customers, partners, payers, etc.,) Now that you’ve gotten to know your potential channel and customers, regardless of how much money you’re going to make, will you enjoy working with these customers for the next 3 or 4 years? see 0:30 in the video below).
Passionate – is the company/product/customers the most important thing in your life? And I remind them that they should be bringing some type of domain expertise (technical or business) to the table. The Adventure of a Lifetime. Can you recognize and capitalize on them? Tenacious – can you keep going when everyone else gives up?
Finding TechnicalCofounders Is Hard. Yesterday, Michael Pope posted an article titled TechnicalCofounders Are a Myth. He argued that software engineers don’t finish what they start, and that you’re better off paying a technical person than partnering with one. Tuesday, August 17, 2010.
Maybe youd like to start with The lean startup , How to listen to customers , or What does a startup CTO actually do? ) Because of IMVUs reputation, Ive also had the opportunity to serve as an advisor or board member for more than a dozen startups. October 13, 2008 6:47 PM Luke G said. Eric, love the blog. Connect (off)line?
Eric was the very first practitioner of my CustomerDevelopment methodology which became the core of the the Lean methodology. He later co-founded and served as CTO of IMVU and then authored The Lean Startup. Listen to my entire chat with Eric: If you can’t hear the interview, click here. Taking My Class.
And I got to experience a type of customer buying behavior I had never seen before – the Novelty Effect. Present at the Creation It was early 1991 and Apple’s software development team was hard at work on QuickTime , the first multimedia framework for a computer. There was nothing for the consumer to do. Answer: Yes.
Listen to this episode if you want to hear about a founder who has a product and users and paying customers … and is trying to figure out how to take his company to the next level and grow faster. Jason: So how many of those 20,000 people are paying customers? Edwin: Okay, I have different types of customers.
The Scene Developers Nailing that elusive technical co-founder. Certainly few would argue that hiring is easy, however in my experience the most significant startup talent shortage – certainly in London – comes at the earliest stage: the number of technically-minded founders. New technology for enquiring minds.
Rather than use boring section headers, I thought Id just quote from actual customers, in their own words. Thats the essence of so many of the lean startup techniques Ive evangelized: customerdevelopment , the Ideas/Code/Data feedback loop , and the adaptation of agile development to the startup experience.
Home About Contact Me How To Make It as a First-Time Entrepreneur Vinicius Vacanti Guide to Finding a Technical Co-Founder September 7, 2010 | View Comments Steve Job's Technical Co-Founder “I’ve got this HUGE idea. I just need to find a technical co-founder.&# I was in this situation and we barely escaped.
I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. The question is: how should they be compensated when cofounding a company? equity that belongs to departed cofounders)?
Because then you’d miss out on: Whether it’s better experience to build a complete, tiny startup or to do more in-depth customerdevelopment for a meatier problem. How cofounders can collaborate without going crazy. But we managed to grow a few customers, so that’s good, in spite of the name.
Because then you’d miss out on: Whether it’s better experience to build a complete, tiny startup or to do more in-depth customerdevelopment for a meatier problem. How cofounders can collaborate without going crazy. Jason: get into customerdevelopment and it’s a big waste. Patrick: Exactly.
With their confidence in their startup and themselves, their passion for their work and their mission, and their desire not to harm the fragile dynamic within the nascent founding team, cofounders tend to plan for the best that can happen. But such a best-case approach is hazardous.
bigs : @ericries says Stealth dev is a (undesirable, failure-presaging) customer-free zone. Another recent meme that I hope more and more startups will take to heart: "stealth is a customer-free zone." See Validated learning about customers for more info. Ive been there: is it me or my cofounder thats crazy?
I always have to prove myself to customers, and I get many men who don’t know the first thing about taking care of their cars. I am a session singer and producer, and I wish clients and peers would give me more of an opportunity to work in the technical side of the business (such as mixing and editing).
Post launch, if you gain traction, is where the business person will help take the load off of the technical folks. The business person can take all the meetings while the technical folks work on making the product better. Ron Oh and another factor to bring reality to the table - Sometimes you find out your cofounders suck.
Find Questions, Topics and People Add Question Add Question Non-Technical Co-Founders Co-Founders Technical Co-founders Finding Co-Founders Startups & "How Important Are Ideas?" " Web Development Startups Solo Founders I am a creative guy with a startup idea. Developer, engineer, CTO, or technical co-founder?
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