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This Week in Startups

Ask Jason! All-In origins, avoiding common investor mistakes, defining “lifestyle” business vs. venture scale & more! | E1176

This Week in Startups

Jason Calacanis

Technology

4.41.3K Ratings

🗓️ 20 February 2021

⏱️ 23 minutes

🧾️ Download transcript

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FOLLOW Jason: https://linktr.ee/calacanis

Transcript

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0:00.0

This week in Startups is brought to you by our crowd helps you invest early in

0:06.8

pre-IPO companies alongside professional VCs. If you're interested in investing,

0:12.6

you can join our crowd for free at OURCROWWD.com slash twist. Hey everybody, it's

0:23.0

another this week in Startups. We're doing an all-ask Jason incredible questions

0:27.7

from founders for me. The first one is from Sasha. Go ahead Sasha. Hi Jason, my name is Sasha

0:34.4

Felon. Question number one, I'm creating a marketplace for selling used-goats and furniture.

0:41.3

I'm a startup so I don't have eight to ten thousand dollars to create a custom-made marketplace

0:46.8

platform. I need to build a quality MVP. What would you recommend? All right, let's go with question

0:53.1

number one. First, if you're going to do a marketplace, there are many different marketplace

0:58.4

pieces of software out of the box. But the easier thing to do is to just make a landing page with

1:03.2

the Squarespace type website, put the items up, and you can actually do this manually. If you're

1:08.0

not going to have that many pieces of furniture up there and it's going to be unique, most people

1:11.3

would say, don't overthink it and do it manually. In other words, as Paul Graham said in a famous essay,

1:16.6

do things that don't scale. Before you actually commit to making software, just doing off the shelf

1:21.5

software is a much easier way to do it. So you make a landing page, you put the software up,

1:25.6

and you say, click here to buy. Squarespace has that purchasing built-in. There's obviously

1:30.5

Magento and Shopify and other pieces of software that would start to get a little more complicated,

1:35.5

I think. Maybe Shopify and Magento would get a little bit more difficult. But certainly, you know,

1:40.0

Shopify is somewhat easier and then on the really easiest side would be Squarespace. Let's take

1:44.5

your second question. Question number two, my second project is a medium. I have a network

1:51.6

of local media resources across the US. Do you think media startups have good investment potential?

1:59.6

And how would you recommend raising funds for this type of projects? Okay, media is a terrible

...

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