AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Idea to Startup
Running a Concierge MVP (Part 3 of Starting a Startup Live On The Pod)
Sep 12, 2024
22:02
Snipd AI
Explore the concept of Concierge MVPs and the challenges they pose for entrepreneurs. Discover the humorous journey of a doctor transitioning to a concierge model and the need for committed customers. Dive into the four essential ingredients for success: identifying your target audience, engaging early adopters, and creating tailored solutions. Learn how building trust and capturing customer feedback can refine startup ideas. Lastly, join the discussion on overcoming anxieties around launching and pricing a new service.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The final 15% of startup development is crucial as it involves practical execution, testing, and overcoming fear of failure.
- Implementing a Concierge MVP allows entrepreneurs to manually address customer problems, fostering relationships and gathering valuable feedback for future improvements.
Deep dives
Understanding the Last 15% of Startup Development
The conversation emphasizes the critical final phase of startup development, termed the 'last 15%', where entrepreneurs face significant challenges. This phase is crucial because it is where practical execution takes place after initial ideation and customer interviews, often leading to fear and anxiety about failure. The speaker notes that most entrepreneurs excel in the preliminary stages, but very few manage to navigate the hurdles of actual product testing and market validation successfully. Consequently, understanding the magnitude of this phase is essential for anyone pursuing a startup, as it is when true value creation happens.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode