Passion and Adaptation in Entrepreneurship | 17min snip from Lenny's Podcast: Product | Growth

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Lessons from a two-time unicorn builder, 50-time startup advisor, and 20-time company board member | Uri Levine (co-founder of Waze)

Lenny's Podcast: Product | Growth | Career

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CHAPTER

Passion and Adaptation in Entrepreneurship

This chapter emphasizes the necessity of passion for problem-solving in entrepreneurship, arguing that genuine excitement fuels motivation through challenges. It explores the iterative nature of the startup journey, using Waze as an example to highlight the importance of user feedback in achieving product-market fit. Additionally, the chapter discusses the significance of user retention as a critical metric for measuring success in launching new markets.

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Uri Levine is the co-founder of Waze, the world’s largest community-based traffic and navigation app, acquired by Google for over $1 billion. He’s also founded nine other companies, been on the board of 20 companies, and advised more than 50 companies. He’s most recently the author of Fall in Love with the Problem, Not the Solution: A Handbook for Entrepreneurs, hailed by Steve Wozniak as the “Bible for entrepreneurs.” Uri is dedicated to creating impactful startups that solve real-world problems and has seen everything from failure to moderate success to big success. In our conversation, we dig into:

• Why falling in love with the problem is key to startup success

• The phases of the startup journey and how to navigate them

• Why firing is more important than hiring

• How Waze iterated to achieve product-market fit

• Tactics for telling a compelling story when fundraising

• Much more

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