It doesn't just matter what you say, but how you say it. The goal is to avoid leading the witness to say things you want to hear.
The most common mistake I see in customer discovery is that founders may be asking the right question, but they're asking the wrong people. Know your customer. Know your ideal customer profile, or persona.
5-10 conversations are not enough. There isn't enough critical mass there. You want to talk to at least 30 people. At least. So you can start seeing patterns on what people say they want and don't want.
Customer Discovery can happen in many ways. It's not just phone calls or online surveys. It's phone calls, AND surveys, AND focus groups, screen-shares, in-person demos, or even Spaces conversations.
Leave emotion at the door. When we did user testing for Evolve App, we often told our interviewees that we didn't design these screenshots so they won't offend us if they want to share that some of this looks crap.
Leave ego at the door, too. You may have been thinking about it all day long for the last 6-weeks, or 6-months, but until you do great (proper) customer discovery you may be building the wrong thing. Go in with an open mind that you could be wrong.
A couple great one-liners you should add to your toolbox:
🛠 "Can you unpack that for me?"
💫 "If you had a magic wand, how would it work?"
👀 "How are you doing that now?"
❤️ "Is that important to you?"
🤓 "What else?
⁉️ "Why?"
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Four lists to help founders with their fundraising journey.
36 Funds that do first checks. Note it doesn’t necessarily mean pre-seed or idea stage, but they’re happy to be your first backers if you don’t have any other commitments yet. twitter.com/i/lists/144120…
54 Investors that accept cold pitches. They either have an apply button on their website, or messaging to say they want to hear from you. twitter.com/i/lists/161041…
#StartupIdea
There is a $1B+ opportunity for whoever solves the personal CRM. It’s a white space at the moment. There’s countless B2B solutions but nothing made for “me and you”.
Reminders to touch base with friends:
- Core group, not needed but good to visualize
- Extended crew, to make sure you don’t lose touch
- Life-long friends - you can pick up where you left off no matter how long it’s been, but wishing happy bday or send a hello every X months👌
Group messages sent individually:
So often I want to send my ten basketball fan friends an update on “breaking trade news”, without it being a group. Or ask five random startup friends for advice on an idea.
Yes, WhatsApp does this.
You’re not just building a startup. The startup is also building you.
Here are 7️⃣ pieces of advice you won’t hear often but will realize as you grow.
Slow down. Being first didn’t help any startup. Uber came after Lyft. Facebook after Fiver, and many more examples. Be deliberate about your next steps, articulate about your grand vision, and make something great.
Don’t just chase more customers. Figure out deeply why your small/current cohort of customers choose you, and build off that. 100 high-paying loyal customers, is better than 1000 once-off transactions.
Rising Stars is a pre-seed fund investing in underrepresented founders of color in the U.S.
Our goal is to replace the 'family and friends round' that not everyone has access to...
@risingstars@Techstars We'll invest $100,000 at the earliest stages - even earlier than the accelerator. So, we'll likely be the first check, sometimes only check.
So proud to be part of this initiative alongside @nealsales, and learning from one of the greatest, @davidcohen.
@risingstars@Techstars@nealsales@davidcohen Super stoked to receive key support from @twitter & @amazon, additional corporate investors, Techstars alumni, founders, and friends. The one I am most proud of is first-time LPs: so, not only are we diversifying who gets investment, we broaden who gets returns as well.