How Does That Impact You as a Startup Founder?

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anchor was the most exciting thing that people were thinking about at this time. The founders and company did a great job of like insulating themselves from the echo chambers of Silicon Valley, he says. But that meant when they went to go build anchor, "we didn't really know how fundraising worked" And I guess, you know, somewhat to the early products credit, there were some unique and novel things about it but again, it wasn't working.

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

SPONSOR:

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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