Dan Romero of Farcaster on Finding PMF and Navigating the Idea Maze

Today’s episode of Request for Startups features

* Dan Romero, co-founder and CEO of Farcaster. @dwr on X

* Erik Torenberg: Investor, Founder of Turpentine.co. @eriktorenberg on X

In this conversation, Dan Romero join Erik Torenberg to chat about building a company in 2024, selecting ideas to work on, and finding product-market fit (Dan quotes Marc Andreessen's definition of the term). They also delve into Dan's experience at Coinbase and building Farcaster. What will you build?

Request for Startups is part of the Turpentine podcast network. Dan and Erik also co-host Moment of Zen, another podcast on the network about tech, business, politics and beyond. Learn more: www.turpentine.co

SPONSOR:This episode is brought to you by Brave. The tech world turns to the Brave browser for a private ad platform that respects user privacy. Brave Ads offers first-party targeting, and it’s been cookieless since day one. Join the future of advertising at https://brave.com/ads. Mention “MoZ” when signing up for a 25% discount on your first campaign.

TIMESTAMPS:

(00:00) Intro

(00:24) Growth and Success of Forecaster

(01:56) Future of Forecaster and its Impact

(03:22) Role of Twitter

(07:56) Evolution and Perception of Forecaster

(08:59) Importance of Developers

(11:28) SPONSOR: BRAVE

(14:08) Journey of Choosing Startup Ideas

(36:21) Power of Respect

(36:36) Birth of Turpentine

(38:19) Concept of Founder Market Fit

(41:21) Importance of Market Selection

(42:25) Role of Distribution in Startup Success

(44:20) Power of Frames in User Acquisition

(47:27) Understanding Your Market Opportunity

(01:00:01) Reputation in Hiring

(01:13:59) Wrap