Barton Biggs, research guru turned hedge fund manager famously classified people into visiles & audiles (ref ‘Hedgehogging’).
Visiles absorb info via eyes (reading)
Audiles via ears (talking / listening)
(Youtube wasnt too popular then for it clearly breaks his split!)
2/18
Now I am a visile & I have struggled w podcasts:)
Podcasts are great content of course, & lots there you don't get easily in writing. But I have wondered as to why I should take out 40-50mins to listen to a podcast when in that time, I can instead breeze through 3-4 posts?
3
Thankfully more & more podcasts are coming w transcripts.
This is terrific, for podcasts help generate content that wouldn’t have easily emerged. Here is why.
4/18
The single best podcast - in quality of audio content + transcript - IMHO is @joincolossus - the new avatar of @patrick_oshag ’s Invest Like The Best. Well-curated top drawer guests & a practiced + smart host; + well-organized searchable transcripts. 5/
Other high quality podcasts w transcripts (in alphabetical order) include @acquiredfm where hosts @gilbert & @djrosent go behind the scenes of a business transition, or an M&A. Transcripts for most episode available; expect delays for newer episodes. 6/18
exVC turned journo @ruima interviews Chinese startup founders and some VCs on @techbuzzchina. Good look at Chinese companies including Bytedance (she is writing a book on Bytedance). 11/18
GGVC's @hanstung & Robin Li interview many great founders, incl many Chinese founders here ofc (and this podcast is another great China resource). We are on Season 2. Season 1 was called '996' (links to them in the same piece). 13/18
The last is an Indian one, @100xEntr by @siddharthaa7 who curates an interesting set of investors + founders to interpret the Indian startup ecosystem. 14/18
(20VC has transcripts for more popular guests though, i noticed recently.) 15/18
The content in these podcasts👆🏽is high quality content, in text (with high scan rate). If you are a visile then you are in luck:)
I have been slowly moving my information diet from substack towards podcast transcripts. 16/18
A dream product (one I have fantasised putting hobby money in) is to create a custom zine where folks can request different combos of transcripts (toting to say ~100pgs), which can be @Printo_India ’d + @DunzoIt ‘d to the buyers, every month, for lean back, leisurely reading. 17/
Was interesting to read (yes, i got it transcribed) the @jeremysliew + @HarryStebbings chat on 20VC where they discuss the 2012 Lightspeed round into Snapchat that Jeremy led.
What I found most interesting was this account of Jeremy Liew's persistence in trying to contact Evan Spiegel. VCs chasing founders who dont give them any bhav:)
Remember something like this for Sarah Cannon leading Index's recent round into Notion.
Liew's laws of consumer social investing!
- can this become part of pop culture?
- can this become a habit?
- is there a scalable, repeatable way to grow?
- does the founder have a unique insight that explains the success, that explains what's going on?
Useful to see
- Bitcoin
- the sudden spurt in collectibles (StockX, GOAT, Artsy, RallyRd) including NFT + the entire financialisation of everything trend
- Gamestop + WSB
as decentralised coordinated accelerated creation of value.
Let us unpack this.
Value of anything incl currency, stocks has a broad subjective basis.
That said, to ensure that we dont start questioning the value of currency or what we are buying in every transaction, we base value in some centralised authority's diktat - state / central bank / market.
That means the gatekeeper / centralised authority (who also maintains the ledger) has a fair amount of power.
Historically transactions in stock market / art / currencies have all been intermediated or coordinated through a central authority (NSE / NYSE / Christies etc.)
I thought this was an outstanding podcast - one every dev tools startup founder should listen to or read the transcript of. Brief 🧵 on what I found interesting.
1st fit: product / solution to problem fit - ensuring that you are able to create a product that solves some or most of the customer problem that spurred you to start up. This is the Minimum Viable Product or MVP as it is called.
(also ref to as the value hypothesis)
2nd fit: GTM to market fit, where you reach the ideal combo of customer segments, sales channels & customer acquisition approaches (collectively GTM) getting you to +ve contribution margin (i.e., revenue minus COGS minus direct mktg costs) for every new customer. This is PMF.
A startup learns about itself in 3 ways. Or rather founders learn about their startup, & how well it is doing, or not, in one of 3 primary ways.
- customers / product iterations
- interviewees / hiring
- investors / fundraising
In that order.
Let us unpack this.
Customers / product iteration.
The best customer feedback is not by hearing them talk, but seeing how they interact with the product - buying it, or using it.
Learn from the feedback + reactions you get, & further iterate the product. And again go back to them with the product. The faster the pace of product iteration, the faster the learning cycles.
This is really what matters for learning from customers
Of course hardware in edtech isnt new. Byju's for instance has thus far sold its content via tabs.
Incl MBA Prep, not just high school tuition.
Hardware is a great way to build a pipe / enable access in markets where internet bandwidth is iffy. As this SD card play from Nigerian startup @uLessonApp by @SimShagaya shows...