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Max Rhodes, CEO of Faire, and Anu Hariharan from YC discuss Faire's journey, from idea inception to product/market fit. Topics include changes in SMBs, try before you buy model, scaling challenges, calming stress, and strategic hiring for growth.
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Quick takeaways
- Max Rhodes explains the journey from exploring various startup ideas to launching FAIR, focusing on revolutionizing local retail.
- FAIR alleviates local retailers' inventory risk by offering a consignment-based wholesale model, fostering a mutually beneficial system for retailers and suppliers.
Deep dives
Early Days of FAIR - Finding the Right Idea
Max Rhodes shares the journey of early days at FAIR, highlighting the struggle of exploring different startup ideas before landing on the notion of revolutionizing local retail. The pivotal moment arose when they abandoned the concept of selling dental drills to focus on solving the challenges faced by local retailers, leading to the birth of FAIR.
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