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20VC: Why OpenAI Will Become an Infrastructure Play, Why Apple Will Win in an AI World, Why Google is the Most Vulnerable Incumbent, Will LLMs Be Commoditised, Which Startups Are Thin vs Thick Wrappers on Top of LLMs with Jeff Seibert, Founder @ Digits
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Prioritize Customer Focus and Decisiveness
💬 "Focus on the customer. Really?"
- As a startup, prioritize understanding and addressing customer needs above all else. The market is vast, and focusing on customer pull is more effective than worrying about competitors, especially in the early stages.
- Make quick decisions, ideally within 24 hours. This keeps the team moving and allows for faster iteration and learning.
- Most decisions are reversible (Type 2 decisions). It's better to move in a direction than to be paralyzed by the pursuit of the perfect direction. Constant refinement is key.
- Indecision from leadership can be detrimental. Activity drives progress and learning, even if initial efforts aren't perfect.
Key takeaway: Customer focus and decisiveness are essential for startup success. Prioritize rapid iteration and learning based on customer feedback over perfect execution and competitor analysis.
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