How choosing the right problem is crucial for building a successful startup, with examples from personal life and a discussion on common mistakes startups make.
Today we talk through the three types of problems that deserve a solution. We start off with a few higher level thoughts about problems and startups - specifically around achievement incentives and how some bad early decisions usually can't be salvaged by good decisions later on. Then we talk through Hole Problems, Teleporter Problems, and Status Level Jump Problems.
00:40 The Types of Problems Customers Will Solve 01:00 Manhattan in 2007 05:48 Achievement Incentives 06:30 Be Careful What You’re Getting Good At 07:37 Nat Eliason - Getting Too Good at the Wrong Thing 08:21 Bad Early Decisions 09:53 Byldd 10:54 Problem Archetype 1: Hole Problems 14:23 Baby Quip 17:04 Problem Archetype 2: Teleporter Problems 19:19 Problem Archetype 3: Status Level Jump
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