Product, Distribution, Meaning
First time founders – focus on productSecond time founders – focus on distributionThird time founders – focus on meaning and purpose Continue reading Product, Distribution, Meaning
First time founders – focus on productSecond time founders – focus on distributionThird time founders – focus on meaning and purpose Continue reading Product, Distribution, Meaning
개인적으로 올해 발견한 서비스중 가장 감동적이었던 서비스중 하나는 (노범준 대표의 소개로 알게 된) Mill.com이라는 회사였다. 기본적으로 스마트 음식 쓰레기통인데, 음식물을 하루만에 분해해주고, bin이 분해물로 가득 차면 수거해가는 서비스도 제공하고 있다. 한달에 $45를 내는 (bin이 포함된 가격) 월정액 서비스이다. Nest의 cofounder인 Matt Rogers가 만든 회사이다. 기술 자체는 얼마나 뛰어난지 모르겠지만, 홈페이지에 한번만 들어가 보면 곧바로 convince가 … Continue reading 스타트업 스토리텔링
The Open AI/Sam Altman saga seems to have died down for the most part – at least for now. This was another case where a TV script writer couldn’t have written a more dramatic story than what actually unfolded in the real world. Tech is increasingly becoming dramatic, and when drama happens in tech, it’s … Continue reading The EQ/IQ Balance
People who haven’t built great things: Flex with cars and watches People who built a service or a product used and loved by many people: Casually mention the product and humbly say “By the way, I built that.” Continue reading People Who Built A Great Product
I have had firsthand experience with this for many years. Just to share a few lessons I learned: 1/ Give goals the team can completely own and deliver People feel motivated and empowered when they feel they own a task from start to end. If the message becomes like this, you’ll be surprised how much … Continue reading Q: How do you run a remote dev team effectively?
When Mitch Kapor started Lotus 1-2-3 in 1983, he projected the company’s first year revenue as $3M. That was all good, except he was terribly off with his projections. Lotus had the first year revenue of $53M. Two quick thoughts: 1/ Pick the right market. Lotus could have an immense success only because the PC … Continue reading Underpromise and Overdeliver
Startup funding environment continues to be challenging, which means a lot of founders are going through some really tough times now. I feel the pain – I’ve been there multiple times. These are some of the things that I tell the founders around me going through tough times: 1/ It’s a feature, not a bug … Continue reading When Things Aren’t Going Well
Make no mistake – there will be many $10bn+ new startups coming out of the AI space. Saying OpenAI will do everything is like saying Amazon will sell everything to everyone in the entire world. It’s just that the bar is so much higher now because everybody can access the same, super powerful technology so … Continue reading The Bar Is Higher Now
As an angel investor, I get various investor update emails. Some are good and some not so good – just quickly sharing a few of my personal observations here. 1/ Consistency is far more important than quality For me, a founder sending brief regular updates like clockwork feels more trustworthy than a founder sending a … Continue reading Investor Updates
What do you do when your company grew, but your cofounder didn’t? Unfortunately this happens more often than desired – company grew from 5 people to 50, and the CEO has effectively stepped up and is now battle-tested, but his cofounder hasn’t grown as much and isn’t really pulling her weight anymore. First thing to … Continue reading When Your Cofounder Isn’t Pulling The Weight