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SELLING YOUR COMPANY... DREAM OR DEPRESSION? Remember MVMT? Jake Kassan has shared his exit-story on YouTube... ONE HUNDRED MILLION DOLLARS But is that REALLY the best outcome? I'm joined by two post-exit friends to REACT to Jake's video, and ANSWER this question... Albert Matheny, MS, RD, CSCS, founder of...

73,834 görüntüleme • 1 yıl önce •via X (Twitter)

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This Week Building Exit Five (Bootstrapping a B2B Media Company): 1) We debuted new branding - new logo, new colors, new font, new design, website, etc. We worked with this great company called NoBoringDesign run by Eli Rubel 🏄‍♀️ and it came out awesome. The response from our community was very positively positive. Out of all the comments and email replies the best were the handful that said something along the lines of "this brings the business to life in a new way" and "this really feels like Exit Five grew up in a good way." A few people didn't like it and that's OK too. 2) We announced the details of our in-person event - it's called Drive. September 11 - 12 in Burlington, Vermont. Tickets go on sale next week. The event will be small on purpose so we only have 150 tickets available. There's already 216 people on our waiting list, so if you want to be there go to exitfive . com / event and put your name on the list; we'll notify you ASAP when tickets go on sale. 3) I recorded a bunch of new episodes of the Exit Five podcast. This week with Adam Robinson (talking about LinkedIn and founder brand), Jenn Herman (covering Instagram for B2B), Matt and I recorded Inside Exit Five for this week, and I'm talking to Amanda Goetz later today. 4) We finalized the concept for a new Exit Five community product. This will be focused on B2B Marketing Leaders on Monday morning (a smaller group that will be application only for Directors, VPs in B2B). You'll hear more about this in June. 5) The CEO of a big successful company reached out to me directly to try and recruit me to work for his company; flattering. But his pitch was to poo poo on my "little bootstrapped thing" to go work on something "much bigger and more meaningful." I am all set for now. I'm having fun here. 6) I played some golf, did a bunch of push-ups, and coached my son's Tee Ball team. I have so much I could write about that experience and what it's taught me about B2B sales, but I'll save that for later (just kidding; if you've seen the meme you'll laugh, if not you'll think I'm serious and I'll never write something like that I promise).

Dave Gerhardt

28,640 görüntüleme • 2 yıl önce

Jensen Huang on how to convey your vision to employees: Question: "How you convey your vision to your employees and how you keep that sense of urgency in them so that they continue improving themselves?" Jensen: "So the question is how do I convey my vision to the employees and how do we convey a sense of urgency? First of all, you convey your vision the good old-fashioned way. And it's about telling a story. I'm not the best storyteller in the world, and I'm not the best, I don't enjoy public speaking, actually. And if you were to give me a choice right now between doing this versus just answering one of your emails, and I'll give you all my email address, you could all send me an email, and I'd be glad to respond to it. I'd rather do that. You know, I'm still an engineer, and I'm introverted by design, I guess. And I don't find myself particularly articulate. And so I don't enjoy the process of public speaking. But you have to force yourself to do it. It's for a good reason. It's for a good cause. I have to admit that speaking to my employees or speaking to NVIDIA's employees is the single most intimidating thing that I do. It freaks me out. And the reason for that is because I respect their time so much, and I know how important the meeting is, that in your own mind, the bar and the responsibility is extraordinary. But you have to put yourself, and I'm speaking to engineers here, you have to force yourself to communicate at a bigger picture level. You have to force yourself to practice. And it's something that over time you get better at. In terms of how do we communicate a sense of urgency? Just through action. They have to see that when I make decisions or when I do something or when something is near my field of influence, my scope of influence, that I do it with a sense of urgency. And it's amazing what that does. People simply pick up those habits from you. If your CEO works hard, you'll work hard. If your CEO cares, you'll care. If your CEO loves this company, you'll love this company. If your CEO is passionate about the work that we do, you'll be passionate about the work that we do. If your CEO does everything with an extraordinary sense of purpose and intensity and sense of urgency, you will too. It's amazing what happens when you're a leader of anything, whether you're a leader of a project team or, right? As I say that, you could almost everybody just, yeah, I get it. Leader of a project team or a leader of a lab team. The behavior and the values and the habits of that leader has an amazing way of rubbing off on everybody else."

Founder Mode

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Today marks an important day in OpenPhone (now Quo)'s history. We’re officially becoming a 2-product company. I’m excited to introduce Sona, our voice AI agent! 🎉 So what exactly is Sona? Think of it as your always-available team member that answers calls when your human team can't. It has natural conversations with your customers and collects all the information your sales team needs to follow up effectively, completely eliminating missed calls. What makes Sona special is that it's built right into your OpenPhone system where your team already collaborates. No more call forwarding to external services or losing visibility into what's happening. And you can easily review and audit its performance with full transcripts and AI-generated summaries of every call. We're already serving 60k+ businesses with OpenPhone, and I'm excited that we're now able to bring Sona to all of them. For the last 7 years, we've been focused on building our business phone system, gaining product-market fit, and scaling our team. But today, we're entering a whole new chapter with the launch of Sona. Every SaaS founder knows they'll eventually need a second product—some do it too early and get distracted, others too late when growth stalls. For us, this moment feels just right. I'm excited for what's possible with Sona and thought I'd create a Sona experience for the Founder to Founder newsletter. I trained Sona based on the content of the newsletter and all the posts that I've published. And now anyone can call and get information or ask questions about the newsletter without me having to be available to answer. Give it a try by calling 434-FOUNDER or (434) 368-6337 Would love to hear what you think! I'll leave more information about Sona in the comments.

Daryna Kulya

17,544 görüntüleme • 1 yıl önce

Sequoia founder Don Valentine: “The art of storytelling is incredibly important” “The art of storytelling is incredibly important. And many—maybe even most of the entrepreneurs who come to talk to us can’t tell the story. Learning to tell a story is incredibly important because that’s how the money works. The money flows as a function of the stories.” The founder of Sequoia founder explains that the story is how you explain what you want to do, how long it’s going to take, who the competition is, and how much money you need. a16z cofounder Ben Horowitz shared a similar view in a 2014 Forbes interview: “Storytelling is the most underrated skill… Companies that don’t have a clearly articulated story don’t have a clear and well thought-out strategy. The company story is the company strategy.” He continues: “The story must explain at a fundamental level why you exist. Why does the world need your company? Why do we need to be doing what we’re doing and why is it important?… You can have a great product, but a compelling story puts the company into motion. If you don’t have a great story it’s hard to get people motivated to join you, to work on the product, and to get people to invest in the product.” This is the job of the founder and CEO: “The CEO must be the keeper of the story. The CEO is responsible for getting the story right, that it’s up to date, compelling, and can move the hearts of men and women. That’s the fundamental responsibility of the chief executive… The mistake people make is thinking the story is just about marketing. No, the story is the strategy. If you make your story better you make the strategy better.” Video source: Stanford Graduate School of Business (2010)

Startup Archive

258,577 görüntüleme • 1 yıl önce

Shayne Coplan, CEO of Polymarket, on why dogfooding your own product is the single best shortcut to building something people want: Shayne is asked what he thinks it takes for a founder to build a successful company. He starts by dismantling the fantasy he once had as a teenager: "When I was in high school, I was always like, man, I'm going to build this side project. It's going to get traction. People are going to give me money, and then I'm going to drop out. And it's going to be like this perfect clean break where I take no risk. Completely did not happen." Shayne dropped out of college at 18, but what followed was nothing like the smooth ride he'd imagined. "There were almost 3 years of like complete brutality of things not working and me trying things and me learning different things and running out of money, stressed about rent, like the whole 9 yards." That stretch taught him the first non-negotiable for any founder: full commitment. "If you really want to do this, if you really feel like it's your calling, don't half-ass it. Go all in. Don't hedge your bets." Shayne Coplan 🦅 continues: "If you're hedging your bets and you kind of haven't cut the rope and you're like, 'Well, I'm still at this, but I'm trying this on the side, whatever.' That's not how great, durable businesses and products start in this day and age. You got to go all in. You got to give it every ounce you got." But going all in is only half the equation. The other half, and the part Shayne believes is the real shortcut, is being one of your own users: "You have to obsess over your customers and people who are using your product. And just the easiest thing to do to build a product company is to use the product yourself and to talk to your own users all the time and triage between what you learn from your users, what you learn from dogfooding your own product, and your product development cycles." He ends with a dose of humility: "It's all I got. I'm still learning honestly."

Big Brain Business

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Ken Griffin, founder of Citadel, has a $10 plaque behind his desk that reads: "If we're all going to eat, someone has to sell." Of all the things this man could surround himself with, he chose a cheap plaque with a blunt truth about business. "You're always selling. You're selling to candidates. You're selling to vendors, you're selling to counterparties, you're selling to customers." And if you're always selling, you know what you're going to hear a lot of? "No." Griffin doesn't sugarcoat it. He tells two stories that illustrate just how brutal rejection can be. 1994 was a rough year, with Citadel losing ~4% of its capital. Griffin flew to Switzerland for a crucial lunch meeting, sat down, and his guest arrived only to say: "Oh, I thought you were John Griffin from Fen Church. I got to go." His lunch date got up and left the table. Later that afternoon, a Swiss banker spent 45 minutes with him in a beautiful office, smoking a cigar, before closing with: "Such a pity that such a bright young man picked the wrong career." Two rejections in one day for the founder of one of the most successful hedge funds in history — and his takeaway was simply this: "You just have to tolerate. You're going to hear no a lot, but you need to become accustomed to having to market your ideas and market what you represent and what you stand for." Absorbing rejection and continuing anyway is the actual skill, whether you're hiring, raising capital, or winning customers. Most people avoid selling because they're afraid of no. The ones who build great things have learned to expect it.

Big Brain Business

1,049,495 görüntüleme • 5 ay önce