Haha. I like to say: I do whatever I want, as long as my wife agrees.
555 karma · joined February 12, 2024
Over the past ~20 years we have benefited from VCs valuing growth and distant payoffs, in part because discount rates were low. Now investors have a preference for nearer term profitability (higher discount rates), thus prices are increasing.
My broader point is that anyone who can work 4 days instead of 5 and earn the same is an incredibly privileged position. And many others will be nipping at their heels. If you’ve built that moat to allow you to do that sustainably, well done. More often than not, over the long run human drive at a societal level will create competition and this won’t be sustainable.
Sounds like you don’t have a customer, in the sense that I will also accept a free chocolate bar someone hands me on the street but won’t pay for it.
I take your point that PMF is useful to describe a thing. I just see it as a funny term to describe something obvious. But language evolves in different social groups and this is the language of SV. In large part I find it odd because I’m not part of that group and have other ways of describing the same thing. Accepting that neither is right or wrong.
I’ve forgotten my zip code before. And my phone number. But I get the reaction.
They are rightfully framing the problem as solvable. And this is one option.
So the customers went away (not durable), and didn’t have enough customers (not widespread)?
I presume you are instead alluding to drug companies not wanting to cure diseases, since they then have no market to sell drugs into. But even then the discussion is more nuanced.
Time will tell.
What’s your number?
This read very oddly, as an LLM.
You don’t have to look too far to see where we are going. But you do need to have your eyes open.
Providing feedback on the meal is useful for their next guest, if they are interested in improving. If they aren’t, just say it’s fine and move on.
Shifting focus outside of yourself is covered in a lot of areas but Never Split The Difference stuck with me, written by a hostage negotiator.
Many of the comments here do speak to the experience, which is helpful!
Why does YC bother financing startups led by founders, if the AI can just do it? (This startup proudly remarks that it’s backed by YC)
Or find a tiny niche where you can leverage technology to make a customer life easier. Then do that for more customers.
Or experiment in a consultant capacity outside of the day job.
Stepping back to big picture, your comments about versatility and helping the customer scream small business opportunity rather than big corporate.
And when I say small I think that’s a great thing (autonomy, financial independence) in contrast to Silicon Valley venture capital culture.
And they clearly figured that was easier than going through the UK where they had previously been licensed