Charge for Quality: Friction Equals Value

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Requiring payment for account creation in online marketplaces can significantly reduce spam and enhance the quality of participants. A nominal fee encourages serious engagement and discourages the misuse of the platform. This model can also support a sales team by covering acquisition costs effectively. By implementing innovative pricing strategies, such as lifetime subscriptions at a reduced rate versus monthly fees, startups can test and optimize customer engagement. Current economic conditions offer plentiful talent, making it an opportune time for entrepreneurs to grow their ventures with minimal capital by focusing on consistent, manageable customer growth. Regular, moderate increases in customer base can attract seed funding, which is crucial for scaling operations.

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Todays show:

Jason and Kelly kick off the Founder University startup pitch competition (00:00). We hear from Pablo on Big Rentals (4:18), Brittany on Where2Wheel (12:28), Ardalan on MyLens (21:31), and Mariano on Prosperous AI (29:07). Finally, Jason awards a $25K investment (38:34), and details how to apply!

Timestamps:

(0:00) Jason and Kelly kick off the show

(4:18) Pablo Fernandez pitches Big Rentals

(11:37) Vanta - Get $1000 off your SOC 2 at https://www.vanta.com/twist⁠

(12:28) Brittany Peregoff pitches Where2Wheel

(20:10) .Tech Domains - Apply for the Jam Session with JCal contest today at https://jamwithjcal.tech

(21:31) Ardalan Mirshani pitches MyLens

(29:07) Mariano Apodaca pitches Prosperous AI

(35:07) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist

(36:33) Review of the four startups

(40:44) Q&A

Founder University: Apply here: ⁠https://www.founder.university⁠