Got lucky to attend @mwseibel's @SaaStrAnnual session: How Not to die after raising your seed round. 😰

@QuolumHQ raised seed less than a year ago. Very few days I sleep w/o the macabre thought that startups that haven't PMF-ed are like a candle in a wind tunnel. 🕯️

A 🧵... 0/5 Startups die because of:
- Fake Product-Market fit
- Investor becomes boss
- Co-Founder conflict
- Becoming ordinary rather than extra-ordinary
- Slow product development

Finally, read how @a16z is blowing up the VC model by @alexrkonrad.

Here's what I think is 'coming soon' from them.

PS> If they are not doing any of what I think they are doing then its (meh) incremental change and not exponential 😀😀

forbes.com/sites/alexkonr… 1/5 Each investment advisor (let's call them 'Venture Advisor or VA') would run a full-stack, multi-stage boutique fund-like structure, but draw from a massive dry powder of a single balance sheet.

Each VA would be like a single GP fund except for unlimited cash.

Here are my top 5 books for Product Managers to read and why.

I’m assuming PMs already know how to PM and are trained in the art/science of product creation, so my recos are around behavioral/cognitive.

(not in order) 👇
#prodmgmt

https://twitter.com/1ndus/status/1078885645412487169

1/ Checklist Manifesto by @Atul_Gawande

Building s/w products is an inexact science comparable to medicine.

Though this practice can be taught, each product has its own mix of market, people, timing. Similar to doctors, Product Managers use expertise & a series of checklists.

How I attempt to inject this into the consciousness of young teenagers.

Here are a few thoughts —>

https://twitter.com/naval/status/1002103670400417792

1/ Explain this to your kids at the dinner table -->

OK to go to college, OK to get a degree, but building a life around the expectations of recurring future paycheque is NOT OK.

I do this religiously. Our dinner table conv is around biz/idea/innovation/tech, rest politics.