Thanks a lot, Michael, Our whole startup is referring to the information you provide through youtube videos, especially the one you made which explained what makes the top10% founders, please keep doing this ..it helps a lot of people than anyone can ever imagine.
About extraordinary engineers and how they never say "I've never done it before" - same thing goes for extraordinary cofounders or employees. But the downside for this that you need to be open with mistakes and failures. Especially for engineers, if they are doing something they've never done before, chances are they'll make mistakes, but since they are not intimidated by it they will get back up quickly and do it again.
00:00 Introduction 00:55 Fake product market fit 04:00 Understanding product market fit 06:18 Preventative measures 08:47 Turning investors into bosses 09:59 Causes and signs 11:25 Real KPIs and tracking retention 11:59 Co-founder conflict and relationship debt 13:00 Being ordinary vs being extraordinary 23:05 Access to customer data for all team members 23:55 Product release responsibility for product lead 24:26 Q&A session begins 26:00 Raising more money doesn't guarantee success 27:54 Technical talent and goal setting for startup success 29:02 Customizations for big logo customers 30:11 Focus on customer satisfaction before growth planning 32:04 Key pillars for early-stage recruiting 33:01 Being an underdog and not relying on press coverage 35:12 Being Extraordinary as an Early Stage Startup 36:10 Qualities of Extraordinary Startups 38:55 The Power of Doing Hard Things 41:18 Setting Clear Goals for Early Stage Startups 43:09 Conclusion and Final Advice
Just met you Michael and it was in the perfect time. I'm starting a startup and your video gave me a lot of insights that maybe will change some paths that we had decided. You opened our eyes. Congratulations for the video and for the time you invested sharing those valuable informations. Let's win from the competition right now!
He's looking at a different version of slides with all the 4 or 5 or 6 sub points laid out. He should have shared that on the screen, that would make for better retention
Building revenue in a startup has a cost (cost of sales) & takes a physical effort from sales people. Hard to do while you're still concept tweaking, but without revenue you have no business. No value.
Cofounder conflict
No product market fit
Stalling innovation and product development
Treating investor as a boss
absolute king
Michael this is by far one of the best talks, you have given, really hit those areas us start ups struggle with. Many thanks.
I WISH I listened to this years ago!
The knowledge that Michael drops is still relevant today. He know what he is talking about.
Thanks a lot, Michael, Our whole startup is referring to the information you provide through youtube videos, especially the one you made which explained what makes the top10% founders, please keep doing this ..it helps a lot of people than anyone can ever imagine.
Totally agree
15 min of time well spend , listen now for the second time...Thanks Michael
Amazing. Coming from a non technical background this advice is priceless
Wow. Hitting every point.
So underrated, I recently raised a seed round and have experienced strongly 3 of the problems you mentioned
this has been greatly humbling and has probably saved me
Impressive and valuable
About extraordinary engineers and how they never say "I've never done it before" - same thing goes for extraordinary cofounders or employees. But the downside for this that you need to be open with mistakes and failures. Especially for engineers, if they are doing something they've never done before, chances are they'll make mistakes, but since they are not intimidated by it they will get back up quickly and do it again.
Thank you very much Michael. You are THE real educator!
Thank you Michael.
God bless you Michael.
00:00 Introduction
00:55 Fake product market fit
04:00 Understanding product market fit
06:18 Preventative measures
08:47 Turning investors into bosses
09:59 Causes and signs
11:25 Real KPIs and tracking retention
11:59 Co-founder conflict and relationship debt
13:00 Being ordinary vs being extraordinary
23:05 Access to customer data for all team members
23:55 Product release responsibility for product lead
24:26 Q&A session begins
26:00 Raising more money doesn't guarantee success
27:54 Technical talent and goal setting for startup success
29:02 Customizations for big logo customers
30:11 Focus on customer satisfaction before growth planning
32:04 Key pillars for early-stage recruiting
33:01 Being an underdog and not relying on press coverage
35:12 Being Extraordinary as an Early Stage Startup
36:10 Qualities of Extraordinary Startups
38:55 The Power of Doing Hard Things
41:18 Setting Clear Goals for Early Stage Startups
43:09 Conclusion and Final Advice
This has to be the most helpful video by Mr. Seibel that I've seen so far. Thank you, Michael.
Glad it was helpful! It was really great. He'll be back at 2023 SaaStrAnnual.com in Sep, too!
@@Saastr Great!
Just met you Michael and it was in the perfect time. I'm starting a startup and your video gave me a lot of insights that maybe will change some paths that we had decided. You opened our eyes. Congratulations for the video and for the time you invested sharing those valuable informations. Let's win from the competition right now!
Thanks Michael
"Know that you're going to be bad hiring"
So true!
thanks for sharing Michael!!
This is pure gold. Thanks
This is the most valuable video I have ever watched
Thank you!)
This is brilliant! Appreciate you pointing a finger towards these key problems and how overcome them.
That was amazing
I should have seen this video 3 years ago! Great content
This was a great advice. Absolutely practical ❤️
Extraordinary speech! Experience is speaking;
Very informative, thank you
Michael, I needed to hear what you had to say TODAY! I hope you continue this endeavor and I hope to communicate with you directly soon.
Great insights.
Outstanding advice
i loved this
Hi michael your rock thank you
This was cold hard truth
Some good advice; logical
Thanks. ..
💪🏻
I wanna cry
Starts at 1:20
Thanks
Common symptom of impending death 😂
He's looking at a different version of slides with all the 4 or 5 or 6 sub points laid out. He should have shared that on the screen, that would make for better retention
Building revenue in a startup has a cost (cost of sales) & takes a physical effort from sales people. Hard to do while you're still concept tweaking, but without revenue you have no business. No value.
toooo boring like college lectures 😭😭
Don't watch it then?
Everything this guy says is GOLD🪙🪙🪙