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One of the easiest things is to get carried away by your great idea. For many aspiring entrepreneurs it just happens straight out of the gate. But even for those who have learned and accepted that getting to product/market-fit is an experimental process, it can be tricky to stay the course and be true to… Continue reading Stay nimble when you need to
One of the things I spend a significant amount of time on is devising, designing and running experiments on various different ideas for new concepts. It is both fun and challenging. The challenging part is mostly about not reverting to the same 2-3 types of experiments and use them again and again. But because it… Continue reading Choosing the right experiment
There is no way around it: The greatest learning opportunity is when things don't go according to plan. When you envisioned X and Y or Z happens, and you have very little idea about why that is. When that happens - and it will happen - it is an open invitation to learn. It is… Continue reading The greatest learning opportunity
When you try to do something completely new, the only way you will know whether customers like it or reject it is if you show it to them. This is precisely the argument for why you should be running experiments again and again, as you try to move forward from idea to a product or… Continue reading Show your ugliness
Some ideas intuitively makes sense. Other ideas seem just about the most stupid thing, you have ever heard of. Yet, while the former can go on and become a viable idea, the dumb idea more often than not end up making a killing. Andrew Chen calls it "The Dumb Idea Paradox". I would just suffice… Continue reading No idea is that dumb*