Dan Romero and Erik Torenberg chat about building a company in 2024, selecting ideas to work on, and finding product-market fit (Dan quotes Marc Andreessen's definition of the term). They also cover Dan's experience at Coinbase and building Farcaster. They recorded this episode for a new show called Request for Startups where guests discuss the startups they think should exist, and share how they navigated the idea maze in their sector https://requestforstartups.substack.com/
Subscribe to Request for Startups for more of these types of episodes:
- Video episodes are only available on Substack: https://requestforstartups.substack.com/
- Spotify: https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv
- Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822
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RECOMMENDED PODCAST: History 102 with WhatifAltHist
Every week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.
Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihm
Apple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913
YouTube: https://www.youtube.com/@History102-qg5oj
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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.
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SPONSORS: BEEHIIV | NETSUITE
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Sign up for our newsletter to receive the full shownotes: https://momentofzen.substack.com/
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LINKS:
Farcaster: https://www.farcaster.xyz/
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X / TWITTER:
@eriktorenberg (Erik)
@dwr (Dan)
@moz_podcast (Moment of Zen)
@TurpentineMedia
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TIMESTAMPS:
(00:00) Intro
(00:15) Farcaster's Growth and Frames
(04:06) Social matters
(07:46) Evolution of Farcaster
(11:17) Sponsor: NetSuite
(12:28) How Dan built Farcaster
(28:01) Challenges of Competition
(36:19) Venture involvement
(36:34) How Erik started Turpentine
(38:17) The Concept of Founder Market Fit
(39:32) Unfair Advantages in Startups
(40:06) The Danger of Over-Experience in Startups
(41:24) Market Selection
(42:23) Distribution
(52:22) The Impact of Higher Education on Startups
(55:55) The Potential of Labor Marketplaces
(01:00:48) The Future of Pseudonymous Networks
(01:03:04) The Role of Reputation in Hiring
(01:12:43) The Power of Utilizing Idle Assets
This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.
