Startup Advice
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Startup Advice
A simple rule of thumb for what makes an idea venture-scale is having a path to $100 million a year in revenue and hitting $1 billion+ valuation , in 10 years . Essentially, can you get big, fast? This is what VCs need to invest in in order to make their fund economics work. Very few ideas can hit this scale, and it’s important that you recognize... See more
Lenny Rachitsky • Your startup idea probably isn’t venture-scale
Designing products for a single person
In business, there are countless examples of products invented for a single person that then became mass-marketable. Here are a few of my favorites:
In business, there are countless examples of products invented for a single person that then became mass-marketable. Here are a few of my favorites:
- Baking soda —invented in the 1800s by British chemist Alfred Bird so that he could make bread for his wife, who was allergic to yeast.
- The typewriter —one of the
Casey Rosengren • The Power of Designing for a Single User
How do you become a 100-year company?
Taste is a double-edged sword. Because it is ephemeral, you’re untouchable if you have it. Competitors won’t be able to copy it—what is there to copy?
Taste is a double-edged sword. Because it is ephemeral, you’re untouchable if you have it. Competitors won’t be able to copy it—what is there to copy?
Evan Armstrong • The Art of Scaling Taste
Hindsight is 2020
I don’t mean “hindsight is 20/20.” I’m talking about the year 2020.
See, early in 2023, I wrote an article about starting and growing a business in 2023, and in that article I referenced this very same seismic shift in startup dynamics — a shift that, no surprise, began all the way back with the pandemic in 2020.
That’s the tricky... See more
I don’t mean “hindsight is 20/20.” I’m talking about the year 2020.
See, early in 2023, I wrote an article about starting and growing a business in 2023, and in that article I referenced this very same seismic shift in startup dynamics — a shift that, no surprise, began all the way back with the pandemic in 2020.
That’s the tricky... See more
Joe Procopio • Starting a Business Looks Drastically Different in 2024
How startups changed since 2020:
-Consumer fell out of love with technology
-Business & Venture OverIndexed on AI
-Money went from Tight to Scared
What’s happening now:
-self founded, funded & reliant
-Profitable out of the gate
-solving problems and building with slower burn rate
-Innovating strategically alongside technical innovation
How do generalists help? Taking a broad approach gets you further faster
A few of your strongest customers can teach you more than many of your weaker ones. Your strongest customers are generally your most engaged users, deriving the most value from your product. If you use the Sean Ellis question, your strongest customers will be those with the highest scores. Try to learn: what characteristics make them a better fit... See more
Lenny Rachitsky • Be Fundamentally Different, Not Incrementally Better | Jag Duggal
"The solution to your problem is not going to be found in the problem." –– Jocko Willink
