4.8 • 2.4K Ratings
🗓️ 1 July 2021
⏱️ 62 minutes
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My guest today Michael Mayer, is the founder and CEO of Bottomless, a company that automatically replenishes your coffee supply where I am both an excited investor and customer. Today’s conversation is about tactical lessons Michael has learned while building the business. We talk about identifying an addressable problem, how to avoid solving for bottlenecks that don’t yet exist, and how to iterate through problems before scaling. As yet another example of a self-taught entrepreneur, it’s inspiring to hear Michael’s mindset for problem-solving. I hope you enjoy my conversation with Michael Mayer.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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Show Notes
[00:02:45] - [First question] - How he got into this space in the first place and found the problem Bottomless would eventually solve
[00:08:43] - What he would do better the second time if he had to find a problem and narrow his focus all over again
[00:09:49] - The most notable lessons learned about data legibility beyond the scale
[00:10:15] - Seeing like a State: How Certain Schemes to Improve the Human Condition Have Failed
[00:13:01] - Overview of building the first Bottomless hardware prototype
[00:14:29] - First steps of physically assembling the first scale and learning fabrication
[00:17:40] - Roughly how long it would take to build scales in the beginning
[00:18:30] - How long the company was bootstrapped
[00:20:41] - Making the pivot to seeking out investor support
[00:29:03] - The often overlooked role of social capital as a startup founder
[00:31:00] - Importance of following niches and passions
[00:32:15] - His philosophy in successfully scaling the production side of the company
[00:34:45] - Lessons learned from bottlenecks and their utility in founder growth
[00:36:52] - The problem of supplier legibility and improving it
[00:40:14] - Understanding USPS predictability as a product input
[00:43:03] - Always problems to solve and the fractal nature of them
[00:46:13] - Challenges of hiring staff in the tech space
[00:50:15] - Lessons learned about personal bottlenecks and the need to evolve alongside your company
[00:52:21] - Monitoring your informational inputs and their role in shaping your mindset
[00:55:58] - Closing thoughts on the business boss battles founders face
[00:57:38] - Why society writ large should perceive starting a company as status-enhancing
[00:59:44] - What bottlenecks for Bottomless may present themselves in a year from now
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0:00.0 | This episode of Founders Field Guide is brought to you by Dell Technologies. |
0:03.8 | Enjoy a powerful business upgrade with Dell Technologies Black Friday and July event. |
0:08.7 | Get amazing savings without the 50% off high performance computers and tech built for business |
0:14.0 | and be able to take your office with you with Windows 10 Pro. |
0:17.5 | Plus get great offers on Dell servers, monitors, docs and more, all with easy financing options through Dell financial services. |
0:24.5 | Call 877 ask Dell that's 877 ask Dell and speak to a Dell Technologies Advisor today. |
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0:37.3 | Vanta is trusted by over 1500 SaaS companies to automate the time consuming and expensive process of preparing for a SOC 2, HIPAA or ISO 27001 audit. |
0:48.3 | With Vanta's continuous monitoring solution, you avoid hosting auditors on site and taking hundreds of screenshots to prove that you're compliant. |
0:56.1 | Here's how it works. |
0:57.4 | Integrate with your cloud provider and tools, check off items on the customized to do list and let Vanta continuously monitor your security so you can focus on growing your business. |
1:07.0 | Founders field guide listeners can redeem a $1,000 off coupon at vanta.com forward slash Patrick. |
1:13.1 | That's vanta.com forward slash Patrick. |
1:15.4 | Hello and welcome everyone. I'm Patrick Oshanase and this is Founders field guide. Founders field guide is a series of conversations with founders, CEOs and operators building great businesses. |
1:26.5 | I believe we are all builders in our own way and this series is dedicated to stories and lessons from builders of all types. |
1:32.3 | Founders field guide is part of the Colossus family of podcasts and you can access all of our podcasts, including edited transcripts, show notes and resources to keep learning at join Colossus.com. |
1:47.0 | Patrick Oshanase is the CEO of Oshanase asset management. All opinions expressed by Patrick and podcast guests are solely their own opinions and do not reflect the opinion of Oshanase asset management. |
1:58.4 | This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. |
2:04.6 | Clients of Oshanase asset management may maintain positions and the securities discussed in this podcast. |
2:12.0 | I guess today Michael Mayer is the founder and CEO of Bottomless, a company that automatically replenishes your coffee supply where I'm both an excited investor and customer. |
2:21.0 | Today's conversation is about tactical lessons Michael has learned while building the business. |
2:25.2 | We talk about identifying an addressable problem, how to avoid solving for bottlenecks that don't yet exist and how to iterate through problems before scaling. |
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