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The Foundr Podcast with Nathan Chan

210: How to Create a Multimillion-Dollar Software Product the Market Actually Wants, With Crazy Egg’s Hiten Shah

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8662 Ratings

🗓️ 1 August 2018

⏱️ 51 minutes

🧾️ Download transcript

Summary

Hiten Shah has a killer track record when comes to creating software products. He and his co-founders have built several multimillion-dollar releases, including Crazy Egg and KISSmetrics, and many of their features were the first of their kind to hit the industry. It might seem like Shah has stumbled onto a secret formula for software-building success. But to him, it’s simply a matter of creating what his audience wants. Solving a problem is the biggest determinant of a software’s success, and Shah builds this methodology into every new piece he creates. In this informative interview, Shah shares the details behind his process, from planning the software build and ensuring a market fit, to hiring the right people to bring it to life. As an avid mentor and advisor, Shah also answers our own, real world questions about future software builds for Foundr. Listen in and get inspired! Key Takeaways Learn about Shah’s newest software products to hit the market The secret to building a profitable software product (it starts long before the first line of code is written) How to avoid building something nobody wants When to hire internally and when to outsource when building a SaaS product Where most product managers go wrong during development How to prevent your software tool from getting too bloated and overcomplicated Key Resources Sign up for Shah's newsletter here

Transcript

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0:00.0

This is episode number 210 with Hayton Shah of the Founder Podcast.

0:06.8

What you need is thirst.

0:08.6

You need to be a thirsty human.

0:10.6

Who is intent on learning.

0:12.6

It's a really fascinating exploration of human potential.

0:18.4

The Founder Podcast.

0:20.8

Even the greatest entrepreneurs had help

0:24.1

If you want to learn from the most successful founders on the planet

0:27.7

You are in the right place

0:29.5

Branson, Mark Cuban, Tony Robbins, Tim Ferriss

0:32.3

Arianna Humphington, Steve Case

0:34.0

Gary V, Sophia Amoroso, Barbara Corcoran,

0:36.1

Damon John

0:36.8

Learn from the greatest minds in business today with interviews hosted by Nathan Chan.

0:41.7

This is not your average entrepreneur podcast. The Founder Podcast.

0:52.5

Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let

0:58.6

you know that our goal at founder is to help entrepreneurs succeed however we can by giving

1:04.2

away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,

1:10.4

you name it. We put out so much content to help you.

1:13.5

And another interesting project that we're working on right now is partnering with world-class

1:18.3

founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial

1:24.4

skills like negotiation, finance, e-commerce, and so much more. So if you'd like to get

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