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Next Unicorns: Unlocking the power of photonic computing with Lightmatter CEO Nick Harris | E1787
This Week in Startups
Building Solutions for Validated Business Problems
Before building solutions for business problems, it is crucial to validate the existence of the problem with the ideal customer or buyer. Building solutions without validation can lead to disappointment. It is important to create 'painkillers' that fix big problems rather than 'vitamins' that make life better without addressing critical issues. To effectively allocate resources, the engineering team should focus on infrastructure, customer needs, and the company's vision. Neglecting the long-term vision can hinder the company's future. The CEO is responsible for steering the company towards its future goals. The focus should be on delighting customers, as it leads to increased Annual Recurring Revenue (ARR). Actively seek customer feedback to drive product improvements and avoid pursuing 'cool' ideas that may not align with buyer needs.
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