When building a business, nothing is more important than a co-founder relationship.

Yet the dynamics of these relationships are seldom discussed.

That ends now.

Here are five learnings in six years of building Morning Brew alongside @austin_rief 👇
1. Find a brain VERY different from yours

We didn't need two Alexs or two Austins.

We needed brains that complemented each other and uncovered blindspots.

I am a divergent thinker.

Austin is a convergent thinker.

Both are crucial in building businesses.
2. Find someone that likes solving VERY different problems from you

I love solving new problems and problems related to people.

Austin loves solving problems related to scale and strategy.

If co-founders love & hate solving the same problems, it can create friction.
3. Disagreement is healthy, vision misalignment is not

When Austin & I disagree it's generally about the HOW not the WHY.

We may have different perspectives on HOW we reach our end goal, but we don't disagree on WHY our end goal is what it is.
4. Personal relationships between co-founders differ greatly

Some are best friends.
Others just have a professional relationship.

Austin and I fall somewhere in between.

We're like close cousins that will always have a bond and a deep respect but also live independent lives.
5. A co-founder must pass the road trip test

People talk about the bus stop test when hiring. Can you sit next to the person for 2 hours at a bus stop?

For co-founders, the standard is higher.
Can you go on a 2-month road trip with the person without going crazy?
And those are 5 of my biggest lessons in 6 years of partnership with my co-founder!

If you want more business stories or lessons building a business, throw me a follow!

twitter.com/businessbarista
And if you want the full breakdown of my co-founder relationship, listen to the newest episode of @FoundersPod 👇

Listen on Apple: apple.co/31OLNwk

Listen on Spotify: spoti.fi/3mjJVow

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Alex Lieberman ☕️

Alex Lieberman ☕️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @businessbarista

5 Apr
Introducing The 50.

Where I share the story and lessons of a top 50 largest company in the world.

Time for #1.

This company went from 0 to $200bn in 5.5 years...

Let's dive in👇
Pinduoduo is the 50th largest company in the world.

If Costco & Disneyland had a baby, you'd get Pinduoduo.

A discount online shopping experience littered with contests & coupons.

490 million MAUs.
$8.5 billion in 2020 revenue.
14% of China's e-commerce market.
What's most fascinating isn't its size. It's its speed.

Pinduoduo was founded in 2015!

It IPOd in 2018.

The company 119x'ed its revenue in just 6 years.

This is where my fascination lies.

And to understand Pinduoduo, we must understand its fascinating founder.
Read 21 tweets
24 Mar
I have 9 questions for you.

Questions to ask when considering launching a new product.

The hard part of building a business is SAYING NO, but it can be the difference between success and failure.

These questions will help you find your answer with confidence.
𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝟭: 𝗗𝗼𝗲𝘀 𝘁𝗵𝗶𝘀 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝘀𝗼𝗹𝘃𝗲 𝗮 𝗰𝗹𝗲𝗮𝗿 𝗽𝗿𝗼𝗯𝗹𝗲𝗺 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗮𝘂𝗱𝗶𝗲𝗻𝗰𝗲?

If the answer is no, that makes your decision easy.

If the answer is yes, you're not in the clear.

Keep reading.
𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝟮: 𝗔𝗿𝗲 𝘄𝗲 𝘄𝗲𝗹𝗹-𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗲𝗱 𝘁𝗼 𝘀𝗼𝗹𝘃𝗲 𝘁𝗵𝗮𝘁 𝗽𝗿𝗼𝗯𝗹𝗲𝗺?

Just because there's a job to be done doesn't mean you are best-equipped to do it.

Think about your unfair advantage as a business & if this opportunity leverages it.
Read 12 tweets
21 Mar
3/14/2015: the first Morning Brew is sent to 1,500 students.

3/14/2021: Morning Brew has 7 products, 90 employees, and an audience of 3mm.

I've learned so much during this incredible journey.

Here are the SIX BIGGEST LESSONS in six years of building the business 👇
LESSON ONE: things always take longer than you think.

In our 2017 investor deck, we shared a 5-step business plan for 2018.

Four years later, we still haven't completed that plan.
LESSON TWO: there is nothing more crushing to a business than a bad hire.

A bad hire is bad for progress.
A bad hire is bad for culture.
And a bad hire is bad for a founder's psyche.

You can't take hiring too seriously.
Read 9 tweets
9 Mar
Sales is hard.

It's an absolute grind filled with thousands of NOs.

Here are my biggest early learnings selling @MorningBrew.

Rule 1: Lead with curiosity
Rule 2: Sell audiences
Rule 3: FOMO drives decisions
Rule 4: Appeal to bosses

Time for a Masters in Sales 👇
It's 2018. @austin_rief and I had gone full-time on the Brew, we felt good about the product, and the audience was around 100 subscribers.

Making money felt like the obvious next step if we wanted to build a business.

But we had ZERO idea how to do it.
We never worked in media.
We had never sold ads.
We had no idea how much to charge.

So rather than starting with selling the Brew, we started learning all we could about how to sell the Brew.

I forced myself to get an informal Masters in Advertising in three weeks.
Read 13 tweets
12 Feb
Today's Founder’s Journal is about how Morning Brew raised money.

It was highly unorthodox to say the least.

We raised $750,000 from 28 individuals.

Time to share the original investor deck with a hint of commentary.

Read on 👇
𝗧𝗶𝘁𝗹𝗲 𝗦𝗹𝗶𝗱𝗲:

1) We were very clearly not designers

2) That very quickly became our old logo
𝗔𝗴𝗲𝗻𝗱𝗮:

This could be the world's longest agenda.

In hindsight, 75% of this was fluff.

All our investors really cared about was our business plan & how we planned to use their money.
Read 10 tweets
2 Feb
Everyone wants to start a podcast.

But podcasts aren’t for everyone & they are extremely tough to grow.

Here is the playbook for successfully growing a pod.

6 growth strategies
6 real-world examples

Lets get into it 👇
STRATEGY 1: BUILD TOP OF FUNNEL

Podcasts have horrible discoverability & shareability.

Social/video platforms have exceptional discoverability & shareability.

Spend a lot of your content creation efforts building top of funnel to then drive down to your pod.
EXAMPLE 1: @APompliano

Pomp is a content machine.

He's spent years cultivating loyal social followings through content related/unrelated to his pod.

Twitter: 474.4k followers
YouTube: 146k
Linkedin: 28.8k

This helps him overcome the distribution challenges of podcasts.
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!