Exploring the allure of startup ideas and the necessity of transitioning from storytelling to data-driven decision-making for accurate evaluation and growth in business.
Today, we'll talk about one of the most common hurdles entrepreneurs run into - getting tempted by a new idea a few months into working on their main idea. We lay out a framework to identify the first principles of the new idea fast so you can decide if it's worth a pivot. We also dig in on why the urge to pivot shows up, procrastination, and how to win a baking contest. And, English Lords from the 17th century.
00:26 Intro 05:40 Chronic Pain Side Idea 08:30 Smooth Jazz 09:00 All Babies Are Cute 13:00 Internal vs. External Signal 14:01 Why You Have a Lawn 16:50 What to Look For in a New Idea 20:30 How to Win a Baking Competition
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