To be a founder, you have to be world-class in something. Make sure you’re spending the majority of your time doing that thing; this is your ‘zone of genius’. Not compromising will allow you to be a valuable contributor for a much more extended period of time and avoid burnout.
It's easy for product teams to bias towards building for power users vs. new users, but this is often a mistake.
Power users are vocal - they'll complain on social, in your community, and more. New users, meanwhile, will just stop using your product if their experience sucks.
Ironically, the... See more
If that's not bad enough, the second inconvenient truth is that even with the ideas that do prove to have potential, it typically takes several iterations to get the implementation of this idea to the point where it delivers the necessary business value. We call that time to money
Goody is a messaging company more than an e-commerce company. It’s seeing someone open your gift, reading their note, and the back and forth that ensues that brings the real joy.
Whether it’s SaaS as the preferred delivery method for software products, monthly subscriptions for music / video streaming, newspapers, newsletters, podcasts, or physical products, subscriptions are infiltrating nearly every business model.