Startup Advice

One of the best ways to introduce a sense of urgency is to create a series of forcing functions: deadlines, milestones and goals with clearly-defined objectives,” Palan writes in a Medium article about the experience. “TechCrunch Disrupt was just the forcing function we needed. It forced us to tackle many of the things we’d been postponing. We... See more

Reaching the frontier of a field, you will stumble upon something that hasn’t been solved yet, which will make all the difference. Society will reward you for offering something it wants but hasn’t been able to obtain so far.

The way to that point is through trial and error, iterating, and uncovering different truths.

Say you have 100,000 DAUs and a retention rate of 80%, and for every five users, one of them tells a friend each day to download your app (and they do it). You get 20k new users per day just from word of mouth. In this equation, Xn is the number of DAUs today and Xn+1 is the number of DAUs tomorrow:

X n+1 = (X n * 80%) + (X n * (1⁄5))

If you start... See more

Your dream projects might be dreams because they’re not formed in dialog with the world, not because they’re good ideas