5 • 610 Ratings
🗓️ 20 April 2016
⏱️ 52 minutes
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0:00.0 | That was good. |
0:01.8 | Yeah, that was really good. |
0:02.7 | I hope you all paid attention to that. |
0:04.4 | I would like to take attention. |
0:05.8 | Yeah. |
0:14.3 | What's up, everybody? |
0:15.2 | Thanks for listening to another episode of Seeking Wisdom. |
0:18.2 | A couple weeks ago, the whole drift team went down to Austin, Texas, |
0:22.2 | to do a little offsite hang out for a couple days. And while we are down there, David and I |
0:27.0 | went over to visit Noah Kagan and the crew over at Apsumo. And we hung up with Noah for about an |
0:33.5 | hour, recorded a podcast that was all over the map talked about learning favorite books |
0:38.9 | what david and noah do in the morning the things most startups get wrong and a bunch of other |
0:43.5 | stuff i think you're going to enjoy this one uh so here it is uh here is david cancel and noah kagan |
0:49.4 | on seeking wisdom what's what's the number one thing people get wrong when startups? They're all marketing. Just say like with a startup. The most obvious thing that I was just talking to someone on the phone about this, the number one immediate thing is they don't make money. That's the most immediate thing. It's a business, not a nonprofit. And everyone's like, everyone plays business. |
1:27.6 | So a friend of Ryan told me, it's like everyone's playing business. They get a tool. They're using all these tools. They're reading all these blog posts. But they're not actually trying to make money. Right. And so it's like how do they accelerate that time or minimize that time to actually get money and validate that someone wants the idea, service or product that they're building that a product of, like, just this culture, like this startup culture where it's like, oh, you don't have to make, you don't have to make money on day one. Whereas, like, if you started like a hardware store and you didn't make money, you'd be like, fuck, I'm out of business. Yeah, good, but I don't know. my answer was going to be similar, which is like mental masturbation. |
1:45.5 | Did I still your mind? So I stole David's answer. I want to apologize to everyone listening. |
1:49.4 | Yeah, just like mental masturbation, whether it's like reading or doing or not starting or starting and then playing and like just not realizing that it's a business and that you have a timeline and that, you know, whether you |
2:01.2 | like bootstrap it or self-funded or you're on the other extreme and you raise money, not knowing |
2:06.9 | that it is a business, right? And so even on the extreme end of people who raise a lot of money, |
2:10.9 | talk to so many of them and they don't realize that they have to return money someday, right? |
2:16.1 | Like that that's the flip side of that equation, like someone's expecting money, right? But the problem with everyone listening. Is it a podcast or what is this going on? A podcast. Okay, wow, it's a pod and a cast. Okay. Yeah. So the thing that... You've never heard of them. No, this new technology. Yeah. I'm still on tapes. So here's the thing that's crazy, David. |
2:34.5 | And I think you've noticed this. |
... |
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