Simon Squibb

$3.6 Billion Dollars Worth Of Business Knowledge In 75 Minutes

32 snips
Nov 20, 2024
Will Ahmed, Founder of Whoop, shares his incredible journey of building a $3.6 billion health and fitness company in less than a decade. He dives into the importance of understanding athlete needs and recovery, as well as addressing niche market challenges in wearable technology. Will reveals the essentials of crafting a solid business plan, embracing rejection, and creating successful teams. He emphasizes strategic branding and the shift from hardware sales to subscription models, showcasing how these factors contributed to the growth and identity of Whoop.
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ADVICE

Authentic Problem

  • Find a problem that deeply resonates with you personally.
  • Talk to potential customers and listen to their problems to identify unmet needs.
INSIGHT

Asking the Right Questions

  • Asking the right questions is key to understanding the real problem.
  • Sometimes, customers don't know what they need, so listen carefully to their struggles.
ADVICE

Own a Niche

  • Don't try to compete with large companies head-on.
  • Instead, focus on a niche market that they aren't serving.
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