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Being an operations specialist and a jack of all trades, the speaker emphasized the value of having a broad skill set that can address various challenges within a company. The ability to provide solutions and updates to CEOs or co-founders adds significant value, especially in startups where versatile skills can cover various roles.
After shutting down a startup, the speaker's near-term plan includes working at a post-product-market-fit startup to gain financial stability and learn from bright founders before starting a new company. The goal is to accumulate cash over the next three years and gain insights from experienced professionals.
To navigate the startup landscape effectively, the speaker advised focusing on developing a brand as a customer discovery engineer. By leveraging expertise in translating between different personas and enhancing customer success, individuals can establish credibility and expertise in this specialized field to attract potential opportunities.
The discussion highlighted the importance of streamlining financial operations for startups, emphasizing the transformative impact of using solutions like Mercury to manage banking tasks efficiently. Streamlining processes and financial management enables startups to focus on growth and operational precision.
The startup is debating between focusing on low-cost growth initiatives or seeking seed funding to accelerate growth. The podcast advises the founder to consider the venture route carefully. By discussing the startup's business model and target customers, the host suggests evaluating if the business is venture-scale and defensible. Rather than jumping into raising funds, the recommendation is to focus on proving the business's value proposition and potential for growth through metrics and customer feedback.
The founder seeks advice on standing out from AI-focused startups despite having solid traction in a non-AI-centric business. The podcast suggests emphasizing customer success metrics and the value delivered over time to differentiate from the competition. By focusing on customer feedback, retention rates, and how the product positively impacts clients' businesses, the host advises on emphasizing business growth and success to attract investors and customers, rather than solely banking on technology trends like AI.
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Mercury. Mercury is the fintech startups use for banking* and all their financial workflows. Paying bills, staying in control of company spend, and closing the books doesn't need to be so complex — that's why Mercury powers it all from the one thing every business needs: the bank account. Join 200K startups who use Mercury to operate at their best at http://mercury.com *Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group and Evolve Bank & Trust, Members FDIC.
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Todays show:
Jason kicks off Ask Jason live! 5 live guests ask questions on key topics, including finding job opportunities (1:43), the “likely winner” and “definitive winner” framework (26:19), how a non-AI startup with traction can stand out to potential investors (1:04:05), and more!
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Timestamps (0:00) Jason kicks off another Ask Jason with 5 live guests!
(1:43) Dustin asks about how to find job opportunities and market his generalist skills
(9:50) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(10:42) Dustin asks about how to find job opportunities and market his generalist skills
(24:57) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/twist
(26:19) Francis asks about defining the terms "likely winner" and "definitive winner" in a strategic framework using specific metrics
(39:15) Mercury - Join 200K startups who use Mercury to operate at their best at http://mercury.com
(40:17) Mathew asks about choosing between mission-aligned sponsors and more lucrative, unrelated advertising opportunities for his podcast
(52:23) Jason asks whether to continue low-cost growth strategies or seek seed funding to boost growth through advertising, as their product is the advertising itself
(1:04:05) Douglas asks about how a non-AI startup with traction can stand out to potential investors
(1:15:37) Host or join Founder Fridays! Go check out https://founderfridays.tech
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Send us your questions for the next episode of Ask Jason LIVE! http://www.thisweekinstartups.com/askjason
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Thank you to our partners:
(9:50) Vanta - Get $1000 off your SOC 2 at http://www.vanta.com/twist
(24:57) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/twist
(39:15) Mercury - Join 200K startups who use Mercury to operate at their best at http://mercury.com
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
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Founder University: Cohort 8 begins May 9th. Apply here: https://www.founder.university
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