Great podcast with James Currier of NFX interviewing Keith Rabois, legendary startup co-founder and investor, now with Founders Fund. Keith talks about what a contrarian really is, how important teams are in determining startup success, all with fantastic stories from Square, PayPal and his other startups and investments.
Building a startup is hard. But there are great lessons to learn from other successful teams. On their tenth anniversiary the Supercell team just listed ten +1 great pieces of advice for building a great company. Almost all applicable to any business: https://supercell.com/en/news/10-learnings-10-years/7436/
How can I focus on a very specific market segment when I have to pitch VCs with a story about a massive market opportunity? Surely this means I have to start off selling to a broad range of customers?
I hear founders struggling with this conundrum a lot. The answer is that at the very early stage you have to focus super-sharp on a small niche, but have a compelling argument and data for why that represents the tip of a very big iceberg. Without extreme focus, it is extremely hard to make good progress delighting your first set of customers. Which is why I keep drilling many young startups on focus....
The last TechChill conference in Riga had a great talk by Patrick Lee of Rotten Tomatoes who explained this very well: https://youtu.be/iIPYtvUr9MA