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23min chapter
20VC: The Two Biggest Mistakes Every Founder Makes, Why Founders Are Not Ambitious Enough Today, Why Having a Narrow Target Customer is Dangerous & The Three Possible Outcomes in Company Building with Matthew Prince, Co-Founder @ Cloudflare
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Importance of Focusing on a Narrow Customer Segment
In this chapter, the speaker discusses the biggest mistake that companies make before reaching product-market fit, which is not focusing on a narrow customer segment. They emphasize the importance of hiring and recruiting incredible people as the number one factor for achieving success as a founder. Additionally, they discuss how they faced a chicken and egg problem when launching their product and had to offer a free version to attract customers.
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