I love the question @jordancooper asks founders- “if there were one thing i needed to understand to see as much value in your business as you do, what would it be and let’s talk about that.”
Dialing up the FOMO backfires 87% of the time by actually increasing the odds your customer will be lost to no decision. Contrary to common belief, customers’ fear of messing up (FOMU) outweighs their fear of missing out on benefits (FOMO).
I think part of why AI-companion apps have proven so seductive so quickly is that most of our relationships already happen exclusively through the phone,” he said.
Startups benefit from starving. Starving creates hunger, which drives people to solve problems with resourcefulness and urgency. When exploring new products in a big company with excessive resources, you need to create scarcity to emulate this startup starvation. This generally means operating as a small, scrappy, siloed team.
The cost of GPT4 quality results has declined by more than 99% in the last two years. GPT-4 launched in March 2023 at $36 per million tokens. Today, China’s DeepSeek offers similar performance for $0.14, or 250 times cheaper