Founder Fundamentals: Building a Strong Product & Culture
A program designed to guide first-time founders on building a strong product, achieving product-market fit, and establishing a thriving company culture, based on the insights of Sendbird's founder, John.
Program Modules
Customer Obsession: The Foundation of Product-Market Fit
Emphasize the importance of daily customer interaction and continuous feedback in the early stages of building a product. Apply the principle of loss aversion by highlighting the potential negative consequences of not engaging with customers regularly.
Engage with Customers Daily
DailyEstablish a routine for daily customer interaction to gather valuable feedback and insights.
Balancing Product Development and Customer Interaction
Understanding your own strengths and biases, and actively balancing product development with customer interaction. Use the framing effect to present product development as a means to better serve customers.
Identify Your Strengths and Biases
WeeklyReflect on your strengths (e.g., engineering, sales) and identify potential biases (e.g., prioritizing product over customer feedback). Use the '5 Whys' technique to dig deep into the root causes.
“If you're an engineer, if you love building great products, you will be naturally biased for spending more time on product.”
Conduct a Time Audit
WeeklyTrack how you spend your time for a week to identify areas where you can deprioritize distractions. Apply Parkinson's Law: work expands to fill the time available.
“Try to deprioritize everything else. None of that really matters until you find a strong product market fit.”
Committing for the Long Haul
Assess your personal alignment with the startup idea and ensure long-term commitment. Use social proof by connecting with founders who've successfully committed long-term.
Imagine the Next 10 Years
MonthlyVisualize yourself working on the startup for the next 10 years and assess your enthusiasm. Imagine your funeral and what people would say about your life's work (Meaning gamification).
“Imagine yourself doing that for the next ten years, which is very, very hard.”
Align Idea with Personal Strengths
MonthlyEnsure your startup idea aligns with your personal strengths and passions. Practice the Ikigai framework: what you love, what you are good at, what the world needs, what you can be paid for.
“But a lot of founders pick ideas that are not really aligned to their own strengths.”
Culture: The Company's Operating System
Understand and cultivate a strong company culture from the early stages. Encourage team-building activities and social events to foster a positive environment. This is using social influence and group dynamics.
Define Core Values
MonthlyConduct workshops with early employees to define the company's core values. This should include exercises to build consensus and create shared ownership.
“We do workshops, we try to get the early employees and the management, like the founders, to get together, spend maybe a day talking about core values and the culture of the company.”
Assess Current Culture
MonthlyRegularly assess the current state of the company culture and identify areas for improvement. Conduct anonymous surveys to gather honest feedback.
“And then I start to see a lot of good people leave first and people who are a little bit toxic and were not doing a good job, but they were great at like selling to their senior bosses.”
Seeking Continuous Growth
Understand and cultivate a culture of continuous learning and improvement, both personally and professionally. Use social comparison: track your progress against relevant industry benchmarks.
Seek Out Mentors
MonthlySeek out people who are one or two stages ahead of you to learn from their experiences. Build a diverse network of mentors with different skillsets and backgrounds.
“So my general advice is continue to seek out companies or people that are maybe one stage or two stage ahead of you.”
Work Backwards
MonthlyDefine your end game and work backwards to figure out the steps you need to take to get there. Apply the concept of 'first principles thinking' to deconstruct complex problems.
“Almost like Amazon's or Jeff Bezos mantra of working backwards. Think about what your end game or next stage look like and then figure out your steps to getting there and who do you need to work with upgrading or coaching your existing team or recruiting from somewhere else to really level your leadership?”
What You'll Accomplish
- Understand the importance of customer interaction in the early stages of a startup.
- Learn how to achieve product-market fit through continuous feedback and iteration.
- Identify your strengths and weaknesses as a founder and balance your focus.
- Commit to your startup idea for the long term.
- Build a strong company culture from the ground up.
- Get the strategy right for your company, making sure it's executed, get the right teams onboarded, getting the resources, whether it be fundraising or allocating your resources.
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