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This echos a lot of hard lessons that I had during my time as a founder. While a lot of this is great advice, I'm frustrated by the advice of "if people reject

by gwillz 8y ago

This echos a lot of hard lessons that I had during my time as a founder. While a lot of this is great advice, I'm frustrated by the advice of "if people reject you and things are hard, then things are going well". Because I believe there's more depth to people's rejection of your idea/product/business and they could have valid reasons. My real issue is how to weed out the legitimate feedback from the bad. No one has ever told me how to identify the difference. It's typically, "yay" means you've done well and "nay" also means you're doing well. When really, either of those responses could be a false positive - but which?

graycat 8y ago
I suggest that we can tell the difference, evaluate ideas, as they have long been evaluated with good accuracy from the pyramids to the latest fantastic success of the US DoD.
mdorazio 8y ago
Having been through this a few times, my personal thinking now is: "I like it" means absolutely nothing by itself. People will tell you they like your idea/demo/whatever all day and have absolutely no intention of ever using it, let alone paying money for it. What you want to hear is "How much does it cost and when can I buy it?" (assuming b2b) or "Can I be a beta tester?" (assuming b2c). Everyone else is fluff. If you're getting nothing but fluff after talking to a bunch of people, your idea is probably also fluff. "No" by itself also means pretty much nothing. You want to be listening for "No because..." and then evaluate the because part. Is it no because they're not the right audience? Is it no because they don't see the market opportunity like you do? Is it no because they've already heard the same thing from 3 other entrepreneurs and yours is thus a me-too play? Is it no because [fundamental reason you didn't think of and have no answer to]? Etc.
- wpietri 8y ago
  Excellent point. When I'm talking with a first-time founder, they'll ask me what I think of their idea. Sometimes I'll say straight out: you shouldn't ask me that question, because if I answer you shouldn't listen to me. Feedback from people in the target market is hugely valuable, especially if they answer in individual terms. E.g., I will/won't buy because X. But feedback from people not in the target market is rarely useful, especially when it's in theoretical terms. So unless I have some specific expertise, I try to redirect people toward the people they should actually be talking with.
flipchart 8y ago
Just finished reading a book called "The Mom Test" by Rob Fitzpatrick. The central idea of the book is to get you to ask the right questions, because if you ask people questions like "how am I doing", friendly people will tell you "yay" because they don't want to hurt your feelings, while assholes who want to appear like gurus will tell you "nay" to bolster their own notions of being a startup soothsayer. Highly recommend it. It's short (yay!) and very practical and changes the way you think about questioning people. No affiliation, just like the book

by gwillz 8y ago

graycat 8y ago

I suggest that we can tell the difference, evaluate ideas, as they have long been evaluated with good accuracy from the pyramids to the latest fantastic success of the US DoD.

mdorazio 8y ago

Having been through this a few times, my personal thinking now is: "I like it" means absolutely nothing by itself. People will tell you they like your idea/demo/whatever all day and have absolutely no intention of ever using it, let alone paying money for it. What you want to hear is "How much does it cost and when can I buy it?" (assuming b2b) or "Can I be a beta tester?" (assuming b2c). Everyone else is fluff. If you're getting nothing but fluff after talking to a bunch of people, your idea is probably also fluff. "No" by itself also means pretty much nothing. You want to be listening for "No because..." and then evaluate the because part. Is it no because they're not the right audience? Is it no because they don't see the market opportunity like you do? Is it no because they've already heard the same thing from 3 other entrepreneurs and yours is thus a me-too play? Is it no because [fundamental reason you didn't think of and have no answer to]? Etc.

wpietri 8y ago
Excellent point. When I'm talking with a first-time founder, they'll ask me what I think of their idea. Sometimes I'll say straight out: you shouldn't ask me that question, because if I answer you shouldn't listen to me. Feedback from people in the target market is hugely valuable, especially if they answer in individual terms. E.g., I will/won't buy because X. But feedback from people not in the target market is rarely useful, especially when it's in theoretical terms. So unless I have some specific expertise, I try to redirect people toward the people they should actually be talking with.

flipchart 8y ago

Just finished reading a book called "The Mom Test" by Rob Fitzpatrick. The central idea of the book is to get you to ask the right questions, because if you ask people questions like "how am I doing", friendly people will tell you "yay" because they don't want to hurt your feelings, while assholes who want to appear like gurus will tell you "nay" to bolster their own notions of being a startup soothsayer. Highly recommend it. It's short (yay!) and very practical and changes the way you think about questioning people. No affiliation, just like the book