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Founder's Journal

Paid Product

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 13 July 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Today I reflect on a meeting I just had on building and testing a new paid product. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

What is up everyone? This is Alex Lieberman, co-founder and CEO of Morning Brew,

0:06.1

coming to you with another episode of the Founders Journal, My Daily Diary,

0:10.3

where we dig into the most impactful moment in my day.

0:14.0

As always, my confidant and producer Josh Kaplan joins the conversation, pushes it further,

0:21.0

and asks hard questions for me to think deeper. Today we're going to talk

0:25.2

about paid product and specifically reflecting on a paid product conversation.

0:29.6

Let's hop into it. Let's hop in, we shall. So you just came out of a big meeting and you were

0:36.1

suggested to do something afterward. What was the meeting and what are we gonna

0:39.9

multitask during this founder journals episode with.

0:43.4

Yeah, so the meeting was with

0:47.2

Ashna, our new product manager at Morning Brew, and Wes Cow, Wes is a, let's say, startup consultant focused on

0:57.4

memberships and education businesses. Wes is awesome. She helped Seth Godin build the Alt MBA from scratch. Now I believe it's a business that's done 20 million dollars in revenue.

1:10.0

So she knows how to build subscription and education products really well.

1:14.7

And so this conversation was about how are we going to test what our paid product is going to be.

1:22.3

And this isn't our first time talking to Wes and every time

1:25.3

after the conversations with Wes she follows up with an email that says at the end of

1:31.3

each call I like asking folks to take five minutes to reflect

1:34.8

silently on your biggest takeaways. This helps your brain process insights as

1:38.9

opposed to immediately moving on to do something else. I've had clients share feedback that taking the time to reflect

1:44.3

help them internalize what we've talked about so I think you'll like the process too. So this is actually

1:49.3

something we've talked about in past founders journals the idea of building in 15 minute buffers to either

1:54.5

account for the fact that meetings always go over or if you meet and the meeting on

...

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