2min snip

Invest Like the Best with Patrick O'Shaughnessy cover image

Aravind Srinivas - Building An Answer Engine - [Invest Like the Best, EP.363]

Invest Like the Best with Patrick O'Shaughnessy

NOTE

Don't spend time on strategy before you have product market fit

Avoid spending too much time on strategy at the beginning of a company. Focus on iterating and learning from mistakes. Charging based on consumption rather than creating new queries is more profitable. Building companies through iteration and stumbling upon successful ideas is more common than planning on paper. Develop execution skills first, gain traction, and then focus on strategizing. According to Snowflake CEO, Frank Slootman, one should only strategize after proving a track record of successful execution.

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