Managing burn and unit economics early

This Week In Startups is made possible by:

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Today’s show: 

Don’t get distracted! Here are the MOST CRUCIAL aspects of running a startup, where founders need to keep their full and uninterrupted focus.

- Make sure you’re saving up your cash

- Why you need to just get started and build SOMETHING

- Trust and reliability is EVERYTHING for new products

- Why distribution should be your top priority

Download all this practical and tactical startup advice from seasoned veterans Jason Calacanis, Amanda Bradford, and William P. Barnes in this Tokyo edition of TWiST.

Timestamps:

(00:00) Amanda and Will’s big takeaways from Founder U in Saudi Arabia and now Tokyo

(3:19) Why cash flow management is so important before you find PMF

(5:57) Why first-time founders get the order of operations wrong

(6:45) Just build SOMETHING, even if it’s taped together

(11:19) “Focus is everything in the early stages”

(14:17) From a wedge to a bridge

(15:50) Quadratic - Bringing the productivity boost of AI into your spreadsheets. Visit http://quadratic.ai/twist to sign up and use the code TWIST to get one free month of their pro tier subscription.

(18:45) What to put on your “Not Right Now” list

(19:11) Embracing simplicity

(22:00) The importance of trust and reliability (especially for Uber!)

(28:12) Why innovation needs a constraining variable

(33:40) To really drive word of mouth, you have to overdeliver

(36:32) Distribution is the primary job of a founder/CEO

(38:19) Some of the panel’s favorite distribution hacks

(45:54) Why Jason respects Japan’s commitment to excellence and competency

(49:38) Looking for “high slope” in early employees

(53:11) Transitioning your team from early-stage startup to growth

(57:45) Whoever writes it down gets credit for the idea

(58:04) Q: Has the meaning of money changed for the panel now that they’ve had successful exits?

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