The ideal founding team is two individuals, with a history of working together, of similar age and financial standing, with mutual respect. One is good at building products and the other is good at selling them.
- Naval Ravikant
There aint no balm like naked truth
Dont sing no psalm, you being rude
Nothing pure, go charm that funder
No pressure, dont make no blunder
Yo founder, dont fake that heat
Dude, you gotta pound yore feet
From Marin to South Bay to Battery
You gotta hustle, indulge in flattery
You came this far, no turning back
Your kickass team copped that flak
Now shun that sleep, burn that flame,
If you fail, you got nobody else to blame.
On demand economy
I’m spending some time learning & researching the on-demand opportunity in the Indian consumer web space. Ola Cabs started the movement and Uber took it to the next level (here and globally - FYI, Ola Came first)
What are the other opportunities for on-demand services you are seeing in India?
Here is some Mobile only/first companies from our neighborhood:
US is leading the VC action in the on-demand services space:
As on-demand businesses solve for the current technological and logistical challenges, design will increasingly become one of the most meaningful forms of competitive advantage. Creating a memorable, frictionless user interface is the next battleground for addressing consumers’ insatiable appetite for greater simplicity and convenience. Scott Belsky points out,
“A new cohort of design-driven companies are adding a layer of convenience between us and the underlying services and utilities that improve our lives. This could change everything.”
The On-Demand Economy is here to stay. It will represent the fastest and most significant shift in spending since the advent of internet commerce. Bezos claims “it’s still Day 1” for eCommerce — and the on-demand economy represents the most sophisticated application of “eCommerce” seen to date. (Business Insider)
This new industry, and its ability to satisfy consumers increasing demand for simplicity, efficiency, and convenience is novel today. Tomorrow, it will be the expectation. Mobile technology, the remote controls we use to navigate our daily lives, are transaction engines that never leave our pocket. Never before have consumers had this simple of a way to transact — and never before have businesses been equipped to satisfy this mounting demand.
— Ev Williams
I’m sure most of you saw this Secret thread on the most visible seed+growth venture capital fund, backed companies like (you all know the list)
One investment professional responsible for the seed program of Sequoia India was the key target of this Secret conversation, and it was all ugly.
First things first: THIS IS A FUCKING PR NIGHTMARE for any fund.
Some Sequoia backed entrepreneurs joined the thread & tried to firefight the scenario, and got trolled by a dozen people who claimed to met this professional in question.
I don’t know much about the truth in this case, but I had long conversations with some of the portfolio entrepreneurs (past/current) of the Fund, and this is not good for the fund, firm, and the ecosystem.
We are going through tough times in the ecosystem, where most Series Seed/A funds exhausted their capital for fresh investments, and relatively difficult for entrepreneurs to raise capital in favorable terms. I hope the Bros. in the investment business shake things up and grow a pair and some empathy soon.
You see, Plato once said “VCs are not in the investment business - they are in the co-creating business”.
Plato is the best.
ALSO 229 COMMENTS? ARE YOU FUCKING KIDDING ME?
Alright, off you go.
I had a long chat with my mother about what we are building at fusedcow. I’m sure she was confused, and i explained it again and again about how stuff works, what is 5D design, and how building codes change. I did it patiently and took me an hour and half to explain everything.
I face the same problem with my end-customers and sometimes they think we are a design firm, and we are not. That makes me angry and I’m sure I need to work on what we communicate to our end users. They really don’t care whether you are using Revit or Laravel. But then, why we really don’t get angry when we are explaining things to our parents?
Maybe it is time to consider a different approach:
Treat your user/customer like your mother.
They are cute, and they might ‘get’ what you are doing, but they don’t most the time.
Whatever the scenario maybe, try to simplify or over simplify, tell them why you are doing this and how much this is important to the world and her. Take time, and explain slowly, with empathy. Listen to everything she says, sometimes that is the only thing they expect.
She has the right to yell at you. But love your user unconditionally. Because when every door you know shuts, she will be the only one who will motivate you and stand by you.
Create an amazing product which solves a real problem. Make her proud so that she will tell her friends about it.
Try to spend more time with her. It is good for you and your product. Have you called her lately?
Great words from Vivek Ravisankar, HackerRank.