In this remastered episode of The Startup Podcast, Yaniv Bernstein and Chris Saad dive deep into the most critical concept for early-stage startups: execution.
The harsh truth? Your MVP (Minimum Viable Product) probably sucks, but that's okay.
Chris and Yaniv break down the myths, missteps, and the right approach to iterating and refining your MVP until it becomes a product that users can’t live without.
In this episode, you will:
- Discover why execution, not ideas, is where the real magic happens in startups
- Learn how to create a true MVP that validates your riskiest assumptions
- Understand the crucial difference between pivoting and simply starting over
- Explore the counterintuitive approach to risk that successful startups embrace
- Recognize the signs that it's time to pivot or shut down your startup
- Gain insights into common execution mistakes made by early-stage founders
- Develop strategies for overcoming emotional barriers to making tough decisions
If you're stuck in the early stages of your startup or need help to take your MVP to the next level, this episode is for you!
00:00 Intro
01:19 On Today's Show
01:46 Defining Execution in Startups
02:47 The Importance of Execution
07:16 Understanding Product Market Fit
14:03 The Role of MVP in Startups
21:51 Understanding the MVP Concept
22:16 The Role of Learning in Startups
23:29 Balancing User Feedback and Intuition
27:44 The Art of Pivoting
32:11 Risk Management in Startups
37:57 Emotional Commitment and Sunk Cost Fallacy
43:17 Conclusion and Next Steps
The Pact
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Key links
The Startup Podcast is sponsored by Vanta. Vanta helps businesses get and stay compliant by automating up to 90% of the work for the most in demand compliance frameworks. With over 200 integrations, you can easily monitor and secure the tools your business relies on. For a limited-time offer of US$1,000 off, go to www.vanta.com/tsp.
Get your question in for our next Q&A episode: https://forms.gle/NZzgNWVLiFmwvFA2A
The Startup Podcast website: https://tsp.show
Learn more about Chris and Yaniv
Work 1:1 with Chris: http://chrissaad.com/advisory/
Follow Chris on Linkedin: https://www.linkedin.com/in/chrissaad/
Follow Yaniv on Linkedin: https://www.linkedin.com/in/ybernstein/
Editor: Justin McArthur https://www.linkedin.com/in/justin-mcarthur
Content Strategist: Carolina Franco https://www.linkedin.com/in/francocarolina/
Intro Voice: Jeremiah Owyang https://web-strategist.com/
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