A Quote by John Collison
Auctomatic was a compressed start-up experience, going from start to launch to acquisition in under a year. We spent a long time building the product before getting our first customer, whereas with Stripe we made sure we had paying customers from the very start.
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So, always start with a product, always start with a customer, always start with a service and how this product or service will dramatically improve the quality of the life or the work of the customer.
Betting all your funds on the belief that you know what consumers want and are willing to pay for is like jumping into a river to test its depth - you'll need a lot of luck to stay afloat. To have a truly successful product launch, the conversations with your customers must start long before you write your first line of code.
We've all got to make sure we're all pulling in the same direction. That's what's going to keep us ahead of the ball. As soon as we start getting in the opposite direction, that's when we start getting behind, and the results will start to show.
The most common way customer financing is done is you sell the customer on the product before you've built it or before you've finished it. The customer puts up the money to build the product or finish the product and becomes your first customer. Usually the customer simply wants the product and nothing more.
There are no atheists in foxholes, they say, and I was a foxhole atheist for a long time. But after going through a midlife crisis and having many things change very quickly, it made me realize my mortality. And when you start to think about death, you start to think about what's after it. And then you start hoping there is a God.
For a start-up company, it is all about the religion of the product's excellence - the success of the product - while for a large corporation, it is the brand. We chose to maintain our start-up image.
Entrepreneurs need to start building today. The barrier to entry in tech is low, so start designing, start coding it, launch it, build prototypes, build a working version of it. The Internet has amazing powers of distribution. You can test your ideas. You can see if it works, if it doesn't work, whether it's fun, and whether you're sufficiently motivated. People who go into entrepreneurship to get rich aren't going to be happy. It’s the building of things that makes you happy. You have to enjoy the process whether you succeed or fail.
With 'SMTV' it was a very brave decision by ITV to commission it for a year. It was so awful to start with and the ratings were so low to start with we might never have made it past the first six months.
You've got to start with the customer experience and work backwards to the technology. You can't start with the technology and try to figure out where you're going to sell it.
Was I a businessman to start with? I'm not sure. I mean, that comes slowly, when you start having the products out. But at the same time, I was very determined. I knew that I had to make it work. I had no choice.
You can't start a product simply by building it. You have to know why you're building it, and you might go down the wrong rabbit hole, waste time, and confuse things. Spending long afternoons with a sketchbook or talking through your ideas with other people can save a year in software development later on.
I did cocaine for about a year around the time of Sgt Pepper. Coke and maybe some grass to balance it out. I was never completely crazy with cocaine. I'd been introduced to it and at first it seemed OK, like anything that's new and stimulating. When you start working your way through it, you start thinking: 'Mmm, this is not so cool an idea,' especially when you start getting those terrible comedowns.
That's a very critical phase in customer service because you can start to really understand what part of customer service has value to customers and what part is bothering customers.
President Obama should stop campaigning and start working on creating jobs, start working on getting our GDP up, start working on strengthening our borders.
A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.
It's not called the low country for nothing, it's literally at sea level. If we don't start paying attention to conservation in our environment, the water levels are going to rise and those areas are going to start disappearing.
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