Startup Advice

Think about distribution from day one

If you’re going to build a product, you want people to use it. But far too often, founders get drawn to the building and tinkering side of the business, forgoing the go-to-market piece until they’re actually ready to get out and sell.

That’s a mistake, says Foster. “I think one of the biggest things that founder... See more

Sama: "I think I mostly got what I wanted by ignoring advice..."

Take, for example, the ambition to “make your venture-backed startup profitable”: to develop, market, and distribute a product or service that’s never existed before, in a form that’s valuable and accessible enough for large numbers of people to want to pay you for it, in sufficient quantity that your revenue consistently exceeds your costs.

If you... See more

Elon Musk on remote work May 31, 2022

I’ve come to learn through first-hand experience that monopolies often serve as the ideal competitor to take on. There are four main reasons why:

1. Monopolies have already proven the industry is viable and lucrative


2. Monopolies refuse to cannibalize their own dominance


3. Monopolies have institutionalized their inefficiencies


4. Monopolies have the most to los

... See more

Don’t let a past venture cast a shadow on your next one.