Is Your Product Getting Promoted by the App Store?

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Anchor has been working on its app for over a year. It went viral in the first week, but founder says it's important not to get distracted by investor meetings and M&A deals. He advises product builders to focus on retention rather than metrics that look like things are going well.

Michael Mignano is the creator of Anchor. He previously served as the Head of Talk for Spotify. Now, he serves as a partner at Lightspeed.

In this podcast, he talked about stories from his early days at Anchor, when you should sell, misconceptions about Spotify, and how he found Product Market Fit.

(0:00) Intro

(1:40) Getting Jumped

(3:45) Music & Technology

(7:31) Early Days of Internet

(15:38) Living Through The Audio/Video Revolution

(19:33) Starting Anchor

(23:21) When Anchor Wasn’t Working…

(31:29) Growth/Finding Product Market Fit

(40:08) Why Is Anchor Most Used?

(45:20) When To Sell?

(49:10) Misconceptions About Spotify

(51:44) Becoming A Venture Capitalist

(55:53) What Makes For A Good Investment?

(57:45) Quitting Job To Start Company

(1:05:33) Challenge

Michael’s Links

Twitter: https://twitter.com/mignano

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This episode is brought to you by My First Million. This is the podcast that I listen to and recommend whenever I want to learn more about business, technology, or the future. Sam Parr and Shaan Puri are hilarious, informative, and interesting. Check it out: https://link.chtbl.com/MFM?sid=Danny-Miranda

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