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The Fine Line Between Deck and Dreck

The Fine Line Between Deck and Dreck

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Image by Tumisu from Pixabay

There was an interesting Twitter thread from @thedanigrant, CEO of jam.dev. We suggest you read the entire thread, but she begins, “When you start a startup, so many people tell you to ship fast and ship messy. They tell you: you’ll know you have product market fit when people are willing to jump through hoops to use your broken product. This was great advice in 2013. But not in 2023.”

Grant said that Jam.dev first released a buggy product, and while users might have been willing to put up with bugs in those earlier days of tech, meaning long before 2013, these days, not so much. And MVP is a good way to start – providing that the ‘M’ is sufficiently engaging to users, and case in point is the meteoric rise and cataclysmic disengagement of Meta’s Threads, which we mentioned just last week.

Oh, once the bugs were out, jam.dev relaunched and found its userbase. Read More...

Dumb Things Founders Do, Say or Believe

Dumb Things Founders Do, Say or Believe

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Summer break is over. Time to get real again. Speaking of which, we’d like to offer a few observations which may help your pitch or strategy and which will hopefully help you move the needle just a bit. Or at least to get real. We do actively mentor at accelerators, and attend pitch events and demo days and host semi-monthly investor breakfasts for entrepreneurs. We don’t claim to have seen and heard it all, but there are a few things you might want to take note of – and a few claims and phrases we’d rather not hear again:

“We have 30+ years experience in ecommerce.” A team of maybe four young co-founders pitching, say, an ecommerce play and claiming to have 30+ years of experience between them. Note to self: most of your team looks as though they’re under 30. Ecommerce itself has only been around for some 20+ years, when most of your teams were still in diapers or hadn’t made his or her debut yet on the planet. Stop it. You’re not fooling anyone. Read More...