Brian Long, former CEO of Attentive and author of Problem Hunting, discusses the importance of understanding the problem being solved, building and scaling companies, the value of relationships in sales, the rollercoaster of emotions when selling a company, the early stages and pivot of Attentive, and personal excitement in working with loved ones.
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Quick takeaways
Building a solution without fully understanding the problem can lead to wasted time and a misfit in the market.
The zero to one phase of building a company is the most challenging and rewarding, requiring hands-on market understanding.
Authentic and transparent company culture attracts the right candidates and helps build a team passionate about the mission.
Deep dives
Importance of Understanding the Problem
One key insight from the podcast is the importance of fully understanding the problem before building a solution. The speaker emphasizes that many entrepreneurs make the mistake of starting to build without deeply understanding the problem they are trying to solve. This can lead to spending years building something that doesn't fit the market or trying to force a solution into a problem it doesn't really solve.
The Excitement of Zero to One
Another main point discussed in the podcast is the excitement and value of the zero to one phase of building a company. The speaker highlights that the zero to one phase, which involves finding product-market fit, is the most challenging and rewarding part of the process. This phase is where value is created, and it requires a deep understanding of the market and a hands-on approach. The speaker emphasizes that this phase cannot be outsourced and should be prioritized for long-term success.
Culture's Impact on Recruiting
The podcast explores the impact of company culture on recruiting. The speaker argues that a company's culture should be authentic and reflect the true values and beliefs of the organization. It is suggested that having a distinct and genuine culture may repel some candidates, but this is seen as a positive because it ensures that the right people who align with the company's values and goals are attracted to the organization. By being transparent about the culture, the speaker believes that companies can avoid hiring mismatches and build a team of individuals who are genuinely passionate about the company's mission.
Importance of Resilience and Adaptability in Entrepreneurship
The podcast episode highlights the importance of resilience and adaptability in entrepreneurship. The hosts share their personal experience of starting a company, investing a significant amount of money, and realizing that their initial approach was not working. Instead of giving up, they demonstrate resilience by pivoting their company and finding a new direction. They emphasize the mindset necessary to overcome challenges and the need to change and adapt when things are not going as planned. The hosts also discuss how previous success can help in recruiting talent and gaining investors' trust, but emphasize the importance of constantly pushing through problems and finding ways to achieve success.
The Significance of Hiring and Recruiting Great People
Another key learning from the podcast episode is the importance of hiring and recruiting great people. The hosts discuss how early in their careers, they made the mistake of trying to do everything themselves and realized the value of hiring exceptional talent. They stress that dedicating significant time and effort to the recruiting process is essential for building a successful company. Highlighting the need for a large hiring funnel, they explain that having a broad pool of candidates increases the chances of finding the best talent. They also mention the importance of being honest about fears and concerns as a leader, while avoiding oversharing and burdening the team with unnecessary stress.
Brian Long’s most recent company, Attentive, was originally designed to help clients communicate with their distributed workforce — but about six months in, he and his co-founder realized that that business would not grow as quickly as they had hoped. So, they decided to pivot to SMS marketing, at the cost of a few dubious employees and a well-known Fortune 500 client. The successful pivot confirmed Brian’s belief that it’s possible to over-commit to one solution, when in fact there may be bigger and better problems to solve. “I’ve just seen so many entrepreneurs spend years of their life building something being stuck with it,” he says, “and then trying to figure out how to fit it into something that doesn’t work.”
In this episode, Brian and Joubin discuss zero to one building, the problem with how entrepreneurs solve problems, How to Win Friends and Influence People, Matt Mochary, Tom Mendoza, transactional relationships, the dangers of ego, optimists and realists, best man speeches, defining a unique culture, reverse selling, Lunar Holdings, Peter Reinhardt, marketing conservatively, and business book sales.
In this episode, we cover:
New York vs LA (00:54)
How Brian feels, six months after stepping away from the CEO role (02:37)
Product-market fit and TAM modeling (06:07) Build last (09:05)
The qualities of great entrepreneurs (13:24)
Tap Commerce and starting in sales (15:49)
Listening and remembering names (20:40)
The day after selling Tap Commerce (23:32)
Starting another company, Attentive (25:07)
Resilience and optimism (29:21)
Fear, doubt, and the worst-case outcome (32:50)
What Brian would tell his 29 year old self (37:13)
Hiring and pivoting at Attentive (41:17)
Text message marketing (45:49)
How Brian interviews people (50:12)
His new holding company, Lunar and its first startup (51:52)
Don’t go social (55:21)
What Brian is personally excited about and what “grit” means to him (01:01:57)