The only reason I watched this past the 2 mins mark is because he didn't wait to the end to tell us what he did wrong and how he could have done it better. He went straight to business. Beautiful, absolutely beautiful.
Watching this after loosing one Hackathon, loved the way you portrayed your learnings, just one request, keep posting , I've completed almost all of your videos because failure doesn't mean no worth no success ..to me it means a great lesson and better way... keep sharing Garry.... would definitely meet you one day.
Asking questions and asking them back is the single most important thing in business. People have this natural tendency to show they know it all, especially in corporate environments.
I found your channel yesterday and I can say this is one of the channels with no beating around the bush going straight to the point. I am a software engineer and your video about being a builder in the modern age and leveraging on it really motivated me. Garry, please continue posting your knowledge bytes here. Thank you for doing this! One of the honest channels here on YT!
I've been watching your videos for a while and trying to catch up to your past ones. I have to say thank you. Besides being so insightful and inspiring I appreciate your transparency, humbleness, and no hype or no BS approach. And it's all feels meditative. Thank you.
I love how sincere and honest this video is! This is serious my first comment on TH-cam haha. Great advice on not trying the best of both worlds and have a laser focus! Would love to bring you a coffee to ask about the future of our platform someday :)
Hi Garry, I have been building my startup on the side while going to school. I am co-founding it with my longtime high school friend and we are expecting to have an MVP come June. It's a scary jump out of college to pursue this, rather than a more traditional path, but we are excited about the learning experience to come. Your videos have not only been a source of information, but also a source of inspiration - so, thank you.
Thank you for this, Garry. As a late seed-stage company building a "market network", we have struggled to answer this question in the past. We came to the understanding that being a "network" and having "network effects" are not the same thing. Different businesses and business models can aim to increase their defensibility and overall company value by identifying what kind of network effects best applies to their model. A network will inherently have personal and/or direct network effects. I think NFX also does a great job of explaining the differences.
Thank you, Garry. This was such a simple and yet powerful video. As an executive, it can sometimes be so easy to show bravado when answering questions, quickly providing an answer that we think is what the other person wants hear without fully evaluating and understanding the question. I've found through experience that people would much rather that you ask follow-up questions rather than assume a solution or answer that doesn't work. I'm not perfect and I definitely still give the wrong answers sometimes, but taking the time to ensure that I understand the question posed has been immensely helpful to maintaining the trust with person who has posed it. My partner and I are starting our own tech startup right now and your videos have been immensely helpful to our own journey to grow in the correct way and build trust with whom we work.
Hi Garry, just my 2 cents: with the introduction of technological improvements, both hardware and software (improved SSDs, A/B testing, etc.), that enable/facilitate the collecting & analyzing of the huge amounts of data out there, I can see why a VC would be hesitant to invest in a startup that can not / does not make a choice, if for the simple fact that it shows the founders haven't tried (and/or failed) enough to succeed. IMHO. Thanks for all the great content! We all appreciate it!
Thanks! Well, network vs platform is mainly about monetization, I think. But overall software/hardware is remaking society, and doing it relatively quickly. The entire reason why I ended up becoming a VC is basically that. I'm an engineer who ended up learning how to access and deploy capital.
Yea, for sure, hardware/software is definitely changing everything. I guess what I'm trying to say is that with the decision making process being "powered" by these improvements, any team that doesnt make use of the tools available to them is not a good look, at least if I was an investor, you know what I mean? Question RE: monetization: Is finding a product market fit binary in such a way? In where a product can only be a platform OR network? If no, What are some other "examples" for this "class" ?
The content you're providing us Garry is billion times more better than the ones who's having a "Team". Keep up the Good work man❤️ Your channel & especially you are one of those gems TH-cam community has always needed
another very inspiring video. I see a lot of startup get frustrated when answering these type of question, and start to challenge the investors. As a mentor and investor myself, I often share with founder that what Garry you have pointed out that investors are fortunate to see these new "vectors" / "elements", there is a overall understanding of how all the new startup fits together in a evolving developing "matrix" as you pointed it out. I love the way how you are describing this investor advantage/privileges. Thus, I often encourage startup founders to ask questions and it is okay not know all the answer. Sometimes instead of being tense and attempting to answer all the question right, why not to have a conversation with clear head of being well prepared, precise, and not always need to be right with mindset of getting all the answer right.
I never post comments but I just needed to chime in to boost your engagement. Your insight is much appreciated and I really hope you grow because of it. Thanks
As a founder, I'm going through the same thing right now. Network vs Platform. I was just thinking about a pivot from the former to the latter. Thank you for your videos, Garry, they are very well done, insightful, and very useful!
Hey man so glad I found your channel! My small business I started in 2016 went bankrupt this year. I transitioned to self teaching myself computer science and am going back to school to solidify my learning. I guess the "failure" made me shy away from entrepreneur endeavors as I was discouraged and felt bad. But seeing the positivity in your channel and you being successful and interviewing othr successful people is really inspiring! Its a nice change of pace to see people who have sold their companeis and our transparent about the process compared to self help gurus who will hide how they made their money at all cost.
New videos, old videos don't matter. Each of them applies to a different aspect of a startup. I was just thinking about a similar problem, and now I know what to do. Thanks a lot, Garry! Hope to meet you one day.
Thanks for sharing your experiences. Sharing mistakes is FAR more useful than sharing successes, since we learn FAR more from the former than the latter. And it takes courage, humility and confidence to share mistakes. Silicon Valley is about it being ok to make mistakes. No one doing anything original gets everything right. By definition, being "at the edge of chaos" means not knowing all the answers.
_me and founder (it was just the 2 of us) were building a startup and were testing demands by physically going to take surveys and have talked with almost 50-60 people in total and then the Covid hit. And the startup idea was depended on Restaurant and Travel industry. So after that it has been many months now and we have lost all the momentum. I don't know why I am telling anyone who is reading this. But somehow I feel good typing about it. I haven't lost all hope. Let's see_
“Platform versus network” is a huge distinction. The network are the users (and monetize the users). So being a “platform” means that your technology and solution via your “platform” is something you built and has a competitive advantage, right? For instance, can our company still be a “platform” if we’re using a no code app or template? No, right?
Well if people pay you then you are a platform. In my experience platforms are generally far more viable in 2020 and a lot of the networks have been created for now
@@GarryTan Do you think that fleshing out decentralized networks could be the new networks in the future, just as current networks may be built on top of the mobile revolution?
I’m a cofounder of a startup and realizing without passion for what you are doing it is so hard to keep going. We’re raising our seed round and mostly getting No’s while pushing sales but your information has been helping me temper expectations and understanding mistakes this early on is normal. 😓
Good job. There are a ton of these types of choices. A mentor once told me, you can’t be all things to all people. Value comes from the choices we make. Doing both is rarely the right answer.
Awesome stuff as usual Garry. Since you asked, I make TH-cam videos on public speaking, noticed that a lot of technical founders pre-seed couldn't afford speech coaches to refine the way that they explained their ideas to the world, so made free videos for them. This was a great video, keep up the awesome content man.
@@GarryTan for sure, thanks for what you do as well, not many TH-cam channels are going into these concepts as much as you are. Shared this with all the founders I'm working with, excited to follow the journey, be well!
Thanks for this video and thanks to making it clear because most of the startups they always what to go fo all-inclusive project and they forget that they need to choose and they evolve or take another road! Thanks again. Peace!
Just found your channel and sent you a LinkedIn request. I’ve shared this channel with a few others and I’m loving your content and one of the most important things is you’re also making me laugh superG 🤣🙏🚀
That vector and matrix analogy was inspiring!!! Now that I am trying to grasp the matrix with a tech analysis internship my old vector seems to be a lost cause...
Hi Garry, new to the tech industry as a career changer, and helping start a community called Mentor Mesh with Jae Taylor from Salesforce to help people break into tech and create start-ups. Great content, wonderfully honest presentation style, really inspiring stuff! Definitely hitting that subscribe button, so much value here.
This video definitely helps many founders/PMs to clear that up. I've made that mistake when I was confused with "marketplace, platform, and network", only if I learned that sooner ....haha
If i were asked that question about my business I think I would have said both in the moment as well...... glad I found this channel.... very helpful 👍🏼
I love your videos...I'm from NYC and I am really juggling between job prep and startup stuff and your videos and Y-combinators bring some much-needed clarity. Thank you would def like to meet one day
Hey Gary , I'm a startup founder . We're an online esl teaching company. I think we're both a network and a platform, since we sell subscriptions to to language learners who get monthly number of online classes with tutors and also get to use our website to have voice chats with other learners to practice English . Oh wait the latter is not free as well. 😅 I guess we're just a platform. Thanks for the great content
Hey Garry, This is great stuff here especially for a first time founder of my own app Evntures ( which helps you find 💩 to do) . There is not a lot of direction or insight especially here in central Texas. But good to here authentic stories to help my company on our journey forward. Thanks and Subscribed to hear more!
Subbed, cause currently I am GeekSquad remote support, but I am more interested in having a business/start up, after burning my eyes for 9.5 hrs in front of the company provided computer, i burn my eyes for 3 hrs more in front of my personal laptop so i could reach the goal of having my own startup.
Your video production quality is phenomenal and constantly improving. It's really cool to see prominent people from the YC/tech/VC sphere move onto this platform and make quality content to help others--it seems to me like you're spearheading the wave!
Great video! Only thing is please make the voice volume higher for future vids as it's pretty low right now. Keep going great insights into the mind of someone who's already done it!
Thank you! Yes, pitches are crazy, and you only have one chance at them. Luckily there are lots of investors, and the reality is people are looking for fast growing businesses. If you have growth, you'll have a way forward, regardless of any given conversation.
but is it necessary that as entrepreneurs we need to commit them and there. I am thinking a realistic idea is possible only after initial product market fit
Thanks Garry! I've got a side hustle I've been running for 23 years now. Your video came to me at a time where I need to think about platform vs network. I think one can live inside the other. That is what I will explore. Also, you might want to look in to the "Value-for-Value" model. I'm leaning towards that. Adam Curry of the No Agenda podcast uses that with some success.
I made a similar mistake in a pitch meeting. In my case it was B2B or B2C. Both is the wrong answer... Excellent video 👍 Reaffirms the belief that its better to focus!
It is actually great to listen to the insights coming from the other side of the table from the experience of the opposite side (pitching for the startup). It actually is helpful and gives better direction on what all can be expected while pithing ! Great content.. Thanks Garry!
I am a new subscriber and I have watched couple of your videos these days, I can feel your emotions in this video :) Thanks for sharing your own experience! "Are you a platform or a network" has been a question I ask for myself for a while, it is really helpful to hear your experience !
Gary so much useful information man. I m listening and writing it down the notes like Gary’s Principle of business similar to “Ray Dalio’s book call Principle”. Thank u so much. Out of all the info and TH-cam’s on entrepreneurship, yours is like top of the top and truly remarkable. Thank u 🙏🏽
Great Video! Clear communication requires a common understanding of terms and concepts. Also important is the ability to understand the perspective, experience, and motivation for the investors you connect with. Sharing your experience certainly helps founders better understand the mindset of the investor and highlight the importance of understanding the positioning of the startup through the eyes of the investor. I found that describing my startup changes based on my audience and is in constant refinement to be clear, succinct, and comprehensive.
Such incredible content from you Garry. What an opportunity we get to hear from someone with your experience and expertise. Thank you for taking the time to share!
Thank you, Garry, for providing so much value on this channel. I am new to Product Management and insights from your videos helping me to develop the product in a very efficient way.
This was the best video i ever got on youtube with this type of content. Big respect man. I am 18 and I'm starting a tech company. I submitted my pitch deck yesterday to the investors. Thanks for your video. i didn't find your company's email on your website...mind sharing it here? i wanted to pitch to your comp.
I have watched a number of your video and all of them are insightful including this one. This one is just as insightful but I have a different thought on the purpose of the question of "are you a platform or a network?". I think he asked this is because he wanted to find out how well you and your partner know about your own startup. How deep and thorough you have think about the vision and core of the startup and this in term will lead to very different business model and strategy. Growing a network or a platform is very different. Instagram and twitter won because they embrace the smartphone and how users create and consume contents with a smartphone.
The only reason I watched this past the 2 mins mark is because he didn't wait to the end to tell us what he did wrong and how he could have done it better. He went straight to business. Beautiful, absolutely beautiful.
No tricks over here!
@@GarryTan True. Thank you very much.
@@GarryTan It's the reason why I clicked the bell.
Its inverted pyramid rule of @@GarryTan 😊👏👏👏
Your real life startup experiences are worth more than the 200,000$ MBA.
Thanks Manish!
Investor: “Do you have any revenue?”
Founder: “Both. Wait, actually, I don’t understand the question.”
LOL
This comment is legendary 😂
Lol, this made me laugh out loud.
so true, so true
Investor : Revenue.. R-E-V-E-N-U-E..
Founders : oh it's Network then!
Investor : What!?
Watching this after loosing one Hackathon, loved the way you portrayed your learnings, just one request, keep posting , I've completed almost all of your videos because failure doesn't mean no worth no success ..to me it means a great lesson and better way... keep sharing Garry.... would definitely meet you one day.
Thank you, I will
Thank you for sharing! I founded a Startup 1,5 years ago and today we are going to sign the contracts with our first investor 👌💯 awesome channel
Asking questions and asking them back is the single most important thing in business. People have this natural tendency to show they know it all, especially in corporate environments.
Yes I love people who are thoughtful. The ideal type of founder to work with
I found your channel yesterday and I can say this is one of the channels with no beating around the bush going straight to the point. I am a software engineer and your video about being a builder in the modern age and leveraging on it really motivated me. Garry, please continue posting your knowledge bytes here. Thank you for doing this! One of the honest channels here on YT!
Thank you for your encouragement!
I've been watching your videos for a while and trying to catch up to your past ones. I have to say thank you. Besides being so insightful and inspiring I appreciate your transparency, humbleness, and no hype or no BS approach. And it's all feels meditative. Thank you.
You are so welcome! Thanks for watching.
I love how sincere and honest this video is! This is serious my first comment on TH-cam haha. Great advice on not trying the best of both worlds and have a laser focus! Would love to bring you a coffee to ask about the future of our platform someday :)
Hi Garry, I have been building my startup on the side while going to school. I am co-founding it with my longtime high school friend and we are expecting to have an MVP come June. It's a scary jump out of college to pursue this, rather than a more traditional path, but we are excited about the learning experience to come. Your videos have not only been a source of information, but also a source of inspiration - so, thank you.
Good luck Chapin! Be sure to get it in front of users and customers and make it better with their help and feedback.
Garry Tan will do!
Thank you for this, Garry.
As a late seed-stage company building a "market network", we have struggled to answer this question in the past.
We came to the understanding that being a "network" and having "network effects" are not the same thing. Different businesses and business models can aim to increase their defensibility and overall company value by identifying what kind of network effects best applies to their model.
A network will inherently have personal and/or direct network effects.
I think NFX also does a great job of explaining the differences.
Yes most people are making platforms (charge money / make money directly from customers) these days - or marketplaces (take a cut of transactions)
Thank you, Garry. This was such a simple and yet powerful video.
As an executive, it can sometimes be so easy to show bravado when answering questions, quickly providing an answer that we think is what the other person wants hear without fully evaluating and understanding the question. I've found through experience that people would much rather that you ask follow-up questions rather than assume a solution or answer that doesn't work. I'm not perfect and I definitely still give the wrong answers sometimes, but taking the time to ensure that I understand the question posed has been immensely helpful to maintaining the trust with person who has posed it.
My partner and I are starting our own tech startup right now and your videos have been immensely helpful to our own journey to grow in the correct way and build trust with whom we work.
I am really grateful that you take the time to put these out, Garry. We can't have enough thoughtful creators with solid backgrounds like this.
Thank you Johan!
Hi Garry, just my 2 cents: with the introduction of technological improvements, both hardware and software (improved SSDs, A/B testing, etc.), that enable/facilitate the collecting & analyzing of the huge amounts of data out there, I can see why a VC would be hesitant to invest in a startup that can not / does not make a choice, if for the simple fact that it shows the founders haven't tried (and/or failed) enough to succeed. IMHO.
Thanks for all the great content! We all appreciate it!
Thanks! Well, network vs platform is mainly about monetization, I think. But overall software/hardware is remaking society, and doing it relatively quickly. The entire reason why I ended up becoming a VC is basically that. I'm an engineer who ended up learning how to access and deploy capital.
Yea, for sure, hardware/software is definitely changing everything. I guess what I'm trying to say is that with the decision making process being "powered" by these improvements, any team that doesnt make use of the tools available to them is not a good look, at least if I was an investor, you know what I mean?
Question RE: monetization: Is finding a product market fit binary in such a way? In where a product can only be a platform OR network? If no, What are some other "examples" for this "class" ?
The content you're providing us Garry is billion times more better than the ones who's having a "Team".
Keep up the Good work man❤️ Your channel & especially you are one of those gems TH-cam community has always needed
I have seen few of your videos, you certainly are giving out wealth in terms of knowledge that many wont have access to. Thanks Gary for doing this!
I appreciate that!
another very inspiring video. I see a lot of startup get frustrated when answering these type of question, and start to challenge the investors. As a mentor and investor myself, I often share with founder that what Garry you have pointed out that investors are fortunate to see these new "vectors" / "elements", there is a overall understanding of how all the new startup fits together in a evolving developing "matrix" as you pointed it out. I love the way how you are describing this investor advantage/privileges. Thus, I often encourage startup founders to ask questions and it is okay not know all the answer. Sometimes instead of being tense and attempting to answer all the question right, why not to have a conversation with clear head of being well prepared, precise, and not always need to be right with mindset of getting all the answer right.
I never post comments but I just needed to chime in to boost your engagement. Your insight is much appreciated and I really hope you grow because of it. Thanks
Many thanks!
As a founder, I'm going through the same thing right now. Network vs Platform. I was just thinking about a pivot from the former to the latter. Thank you for your videos, Garry, they are very well done, insightful, and very useful!
Hey man so glad I found your channel! My small business I started in 2016 went bankrupt this year. I transitioned to self teaching myself computer science and am going back to school to solidify my learning.
I guess the "failure" made me shy away from entrepreneur endeavors as I was discouraged and felt bad. But seeing the positivity in your channel and you being successful and interviewing othr successful people is really inspiring! Its a nice change of pace to see people who have sold their companeis and our transparent about the process compared to self help gurus who will hide how they made their money at all cost.
Fall down 9 times, get up 10 :-)
This channel is gold dust. Thank you.
New videos, old videos don't matter. Each of them applies to a different aspect of a startup. I was just thinking about a similar problem, and now I know what to do. Thanks a lot, Garry! Hope to meet you one day.
Thanks for sharing your experiences. Sharing mistakes is FAR more useful than sharing successes, since we learn FAR more from the former than the latter. And it takes courage, humility and confidence to share mistakes.
Silicon Valley is about it being ok to make mistakes. No one doing anything original gets everything right. By definition, being "at the edge of chaos" means not knowing all the answers.
Good points here. Thank you!
For you, I'm so sorry that happened but for me I'm so grateful that you were willing to share your experience with us so that we can learn from it.
You are so welcome!
Thanks to youtube gods i found your channel, i have started my company, which is not doing so well, the wisdom in your videos keeps me motivated
Coder by trade over 25 years. Continue to learn from your videos. Thanks Gary for sharing
I am a retail investor. Probably means nothing to you, but I appreciate your videos. Keep on the great work.
Wow! I just discovered your channel, and I must say, that you are a genuine guy. Thank you for your stories and advices!
I appreciate that!
Great point. " If you don't fully understand the question -- ask! it's okay "
_me and founder (it was just the 2 of us) were building a startup and were testing demands by physically going to take surveys and have talked with almost 50-60 people in total and then the Covid hit. And the startup idea was depended on Restaurant and Travel industry. So after that it has been many months now and we have lost all the momentum. I don't know why I am telling anyone who is reading this. But somehow I feel good typing about it. I haven't lost all hope. Let's see_
Well get back to it then and regain the momentum...
“Platform versus network” is a huge distinction. The network are the users (and monetize the users). So being a “platform” means that your technology and solution via your “platform” is something you built and has a competitive advantage, right? For instance, can our company still be a “platform” if we’re using a no code app or template? No, right?
Well if people pay you then you are a platform. In my experience platforms are generally far more viable in 2020 and a lot of the networks have been created for now
@@GarryTan Do you think that fleshing out decentralized networks could be the new networks in the future, just as current networks may be built on top of the mobile revolution?
I’m a cofounder of a startup and realizing without passion for what you are doing it is so hard to keep going. We’re raising our seed round and mostly getting No’s while pushing sales but your information has been helping me temper expectations and understanding mistakes this early on is normal. 😓
Very few people end up raising money
I'm glad I found this channel too Garry, as a founder about to embark on the journey, its both thought provoking and inspiring.
Awesome. We are starting aStartup in Cancun MX and hopefully pitching next year. Thank you for all videos
Good luck!
Good job. There are a ton of these types of choices. A mentor once told me, you can’t be all things to all people. Value comes from the choices we make. Doing both is rarely the right answer.
Truth!
Awesome stuff as usual Garry. Since you asked, I make TH-cam videos on public speaking, noticed that a lot of technical founders pre-seed couldn't afford speech coaches to refine the way that they explained their ideas to the world, so made free videos for them. This was a great video, keep up the awesome content man.
Awesome! Thanks for doing that Mastertalk. Being able to communicate clearly is really important for founders.
@@GarryTan for sure, thanks for what you do as well, not many TH-cam channels are going into these concepts as much as you are. Shared this with all the founders I'm working with, excited to follow the journey, be well!
Thanks for this video and thanks to making it clear because most of the startups they always what to go fo all-inclusive project and they forget that they need to choose and they evolve or take another road! Thanks again. Peace!
Hey Gary, love seeing the evolution of these videos! As a young person just getting started, they are really useful.
Great to hear!
Glad I found this channel man! These videos are quality and really inspiring
Thank you for watching!
Yes, very inspiring. Hehe
Just found your channel and sent you a LinkedIn request. I’ve shared this channel with a few others and I’m loving your content and one of the most important things is you’re also making me laugh superG 🤣🙏🚀
That vector and matrix analogy was inspiring!!! Now that I am trying to grasp the matrix with a tech analysis internship my old vector seems to be a lost cause...
There are new vectors all the time
Thanks! It’s really our case right now:) Can we have more advice from you, maybe by e-mail?
Hi Garry, new to the tech industry as a career changer, and helping start a community called Mentor Mesh with Jae Taylor from Salesforce to help people break into tech and create start-ups. Great content, wonderfully honest presentation style, really inspiring stuff! Definitely hitting that subscribe button, so much value here.
This video definitely helps many founders/PMs to clear that up. I've made that mistake when I was confused with "marketplace, platform, and network", only if I learned that sooner ....haha
Oh yes, I didn't even cover marketplaces.
If i were asked that question about my business I think I would have said both in the moment as well...... glad I found this channel.... very helpful 👍🏼
Well, it's hard to see around corners, but if we tell the stories we can help each other avoid the obvious mistakes.
Thank you Gary! Precious lesson!
I love your videos...I'm from NYC and I am really juggling between job prep and startup stuff and your videos and Y-combinators bring some much-needed clarity. Thank you would def like to meet one day
You got this!
Excellent guidance @Garry. Thank you.
Glad it was helpful!
Hey Gary , I'm a startup founder . We're an online esl teaching company. I think we're both a network and a platform, since we sell subscriptions to to language learners who get monthly number of online classes with tutors and also get to use our website to have voice chats with other learners to practice English . Oh wait the latter is not free as well. 😅 I guess we're just a platform. Thanks for the great content
Thanks for being the spark and helping me realize something I already believed in will now be more profoundly relevant in my future.
"Neither"
galaxy brain answer
Hey Garry, This is great stuff here especially for a first time founder of my own app Evntures ( which helps you find 💩 to do) . There is not a lot of direction or insight especially here in central Texas. But good to here authentic stories to help my company on our journey forward. Thanks and Subscribed to hear more!
Thanks for watching!
You give value to folks. I respect that. Subscribed.
Thanks for watching! Just genuinely trying to help over here
Great lessons Gary! As a biotech entrepreneur the specific question may not relate, but the message definitely resonates!
Thanks for watching!
Thank you for sharing, Garry
Thanks for watching Irma!
Subbed, cause currently I am GeekSquad remote support, but I am more interested in having a business/start up, after burning my eyes for 9.5 hrs in front of the company provided computer, i burn my eyes for 3 hrs more in front of my personal laptop so i could reach the goal of having my own startup.
Glad I Found your channel !!
Learn the startup hard way .....
God Bless You !!!!
Thanks and welcome
Thanks Gary. Much appreciated. I'm learning so much as I'm conceptualising my startup.
Excellent!
Its not only relevant , its great insight. Thanks.
Someone give this man a cookie for this great video.
We are building a healthtech platform in Brazil and I'm glad not learning it by the hard way. Thanks for sharing!
Your video production quality is phenomenal and constantly improving. It's really cool to see prominent people from the YC/tech/VC sphere move onto this platform and make quality content to help others--it seems to me like you're spearheading the wave!
Thanks Roddur
Great video! Only thing is please make the voice volume higher for future vids as it's pretty low right now. Keep going great insights into the mind of someone who's already done it!
Thanks, will do!
Garry Tan, your channel is gold! Thank you for what you do, it helps a lot for my startup. Saying this after watching almost all your videos. :)
Your video helped us build a better relation with our VC. Thanks forever Garry !
Glad to help
This has been really informative for me...I am currently working on a web3 project and I now have more clarity after watching this.❤
This video quality is on point! Your voice is so soothing. Although the topic is actually quite stressful. As a founder myself, I 100% agree with you.
Thank you! Yes, pitches are crazy, and you only have one chance at them. Luckily there are lots of investors, and the reality is people are looking for fast growing businesses. If you have growth, you'll have a way forward, regardless of any given conversation.
Garry, I appreciate you so much. Your videos are truly helping me in a way that I didn’t know TH-cam could. THANK U
You're awesome. This channel deserves more subs. Good luck!
"What do you mean by that and why"
Good simple question, doesn't always hurt to admit you don't understand something
Exactly!
but is it necessary that as entrepreneurs we need to commit them and there. I am thinking a realistic idea is possible only after initial product market fit
Garry, I am jealous of you , how much you know, so much you know.
Glad I found your channel. Loved the lesson from this video. Thanks Gary 🙏.
Glad I found this Gary! Puts things into perspective as to what I might have been doing wrong fundraising. Thank you!
Fundraising is always hard.
@@GarryTan it really is challenging. But we got to do what we gotta do. ;)
I'm glad I found this channel
Thanks for watching!
I love your channel Garry. Really educational. Edmond, Founder of Track Your Build Africa.
Thank you Edmond!
I love your genuine concern for others Gary. I wish we could pitch Initialized but, you've funded one of our competitors. 😉
Thanks Garry! I've got a side hustle I've been running for 23 years now. Your video came to me at a time where I need to think about platform vs network. I think one can live inside the other. That is what I will explore. Also, you might want to look in to the "Value-for-Value" model. I'm leaning towards that. Adam Curry of the No Agenda podcast uses that with some success.
Well I didn’t cover this in the video but marketplaces are a third thing that is viable
I made a similar mistake in a pitch meeting. In my case it was B2B or B2C. Both is the wrong answer... Excellent video 👍 Reaffirms the belief that its better to focus!
It is actually great to listen to the insights coming from the other side of the table from the experience of the opposite side (pitching for the startup). It actually is helpful and gives better direction on what all can be expected while pithing ! Great content.. Thanks Garry!
Keep on bringing awareness 👍
My first startup taught me so many lessons. You learn really quickly that you only get one shot at nailing down investment.
Thanks man. I'm glad I found this channel today
Glad to hear it
I am a new subscriber and I have watched couple of your videos these days, I can feel your emotions in this video :) Thanks for sharing your own experience! "Are you a platform or a network" has been a question I ask for myself for a while, it is really helpful to hear your experience !
Thanks for subbing!
Este canal es una joya oculta.
Buen video. Es una valiosisima y muy cara lección aprendida. Gracias por compartir!!
Gary so much useful information man. I m listening and writing it down the notes like Gary’s Principle of business similar to “Ray Dalio’s book call Principle”. Thank u so much. Out of all the info and TH-cam’s on entrepreneurship, yours is like top of the top and truly remarkable. Thank u 🙏🏽
wow, the TH-cam algorithm is on point! Subscribed.
Thank you!!
I love how you answer every single comment here.
Just talking with my customers :-)
Awesome video, I am on my journey to grow my startup. Thank You
Thank you for sharing your experience. Building a startup is tough but your videos are of great value to new founders like us.
Thanks for watching!
Bro you channel deserves a million subs! Thanks for these quality videos!
Glad you like them!
Thank you, Garry. I really appreciate your wisdom.
Thanks for watching Martin!
im glad i found this channel too
Great Video! Clear communication requires a common understanding of terms and concepts. Also important is the ability to understand the perspective, experience, and motivation for the investors you connect with. Sharing your experience certainly helps founders better understand the mindset of the investor and highlight the importance of understanding the positioning of the startup through the eyes of the investor. I found that describing my startup changes based on my audience and is in constant refinement to be clear, succinct, and comprehensive.
Great points Oliver!
Such incredible content from you Garry. What an opportunity we get to hear from someone with your experience and expertise. Thank you for taking the time to share!
Glad you enjoyed it
Thank you, Garry, for providing so much value on this channel. I am new to Product Management and insights from your videos helping me to develop the product in a very efficient way.
Great story telling. This opener was such a great book. Keep it up!
Glad you enjoyed it!
Wow, why am I just finding this great channel, love this!
Welcome aboard!
I have just found your channel. Your videos are great! Thank you for all the knowledge
Thank you Mauricio!
This was the best video i ever got on youtube with this type of content. Big respect man. I am 18 and I'm starting a tech company. I submitted my pitch deck yesterday to the investors. Thanks for your video. i didn't find your company's email on your website...mind sharing it here? i wanted to pitch to your comp.
Thanks, I open my IG DMs.
I have watched a number of your video and all of them are insightful including this one. This one is just as insightful but I have a different thought on the purpose of the question of "are you a platform or a network?". I think he asked this is because he wanted to find out how well you and your partner know about your own startup. How deep and thorough you have think about the vision and core of the startup and this in term will lead to very different business model and strategy. Growing a network or a platform is very different. Instagram and twitter won because they embrace the smartphone and how users create and consume contents with a smartphone.
Great points cool thought!
These videos are great. Like really great. But the soundtrack takes them to the next level. Haunting - dials in the related emotions so well.
Thanks Joseph!