Startup Systems
systems that power startups
Startup Systems
If you allow your ICP to fray, you’ll lose
From the beginning, we knew we needed to define a good ideal customer profile (ICP). There are manyapproaches to defining a good ICP, but a quality we underestimated is specificity . Simply put, an ICP must be a single market segment :a group of people for whom the value of solving a problem is roughly the... See more
From the beginning, we knew we needed to define a good ideal customer profile (ICP). There are manyapproaches to defining a good ICP, but a quality we underestimated is specificity . Simply put, an ICP must be a single market segment :a group of people for whom the value of solving a problem is roughly the... See more
Lenny Rachitsky • Lessons learned from a startup that didn’t make it
The thing about smart people is that they tend to think that if they think really hard about something, they might figure it out, when the truth is, in strategy (and life in general), there is never one right answer.... See more
Strategy requires making choices about a future that is not yet known. I’m one of those people that tends to over-intellectualize
Sari Azout • Both are true
Joining an early-stage startup means that resources are scarce, process is non-existent, and goals shift by the day. And tried-and-true playbooks will only go so far, as what works in a big company doesn’t always easily port over to a small startup setting.
How to Scale Yourself Down
"A startup is a permissionless way to improve society"
There are two types of founders.
Those who do lots of research, validate ideas, test many prototypes, and iteratively get to a product. This is a more technical and user-focused approach.
The other is where the product vision emerges fully-formed in the founder’s eye before it is brought to existence. Here, the founder zeroes in on their self... See more
Those who do lots of research, validate ideas, test many prototypes, and iteratively get to a product. This is a more technical and user-focused approach.
The other is where the product vision emerges fully-formed in the founder’s eye before it is brought to existence. Here, the founder zeroes in on their self... See more
sari azout • Things I'm Thinking About
A startup’s biggest competition isn’t an established player, it’s inertia.
The 100 Best Bits of Advice From 10 Years of First Round Review
It’s hard to get a company to do a new thing, and the bigger the organization, the harder it is to change. Companies that are trying to change tend to require an equal and opposite force to overcome the inertia. Large enterprise sales teams are built around signing a single customer, while on the small business end of the market all you need is a few quick calls around an otherwise self-serve solution. When an executive wants their company to change, they often hire expensive, high-status consultants like McKinsey to make a plan that gets everyone on board.
If organizational inertia is one form of resistance that you might want to overcome, what are the business equivalents of simple machines that create mechanical advantage and multiply your input force into a much larger output force? And if they exist, do they have an equivalent trade-off of physical machines where you have to apply the force over a longer distance to gain leverage?
Maybe! Startups often hyper-focus on a small number of customers that share specific traits. This compresses all of the startup’s energy and force into a small space. It’s the opposite of being “spread thin.” The advantage of this approach is that you’re more likely to solve a problem, overcome inertia, and gain adoption by the customers you focus on. The trade-off is that it might be questionable how many more customers you’ll be able to find. I call this a market wedge, where you sacrifice scale for power.
What sort of bicycle?
seths.blog
Little decisions compound and then anchor systems.
Our commitment to defending sunk costs keeps those systems long after they’re no longer serving a purpose.