Founders - Do NOT fall into the trap of being overly product-focused!
It's not just about the bells and whistles of your product; it's about understanding the human element behind it.
As Don McKenzie, highlights - “Your story doesn't matter. Your product doesn't matter. It's the counterparties' story that matters. You've got to work out a way to open the door to get into their story."
My Top 7 Lessons from Don 👇
1) There is great value in offering genuine, non-judgmental help to founders
2) He highlights the critical learning opportunities that come from discussing failures openly, encouraging a culture where mistakes are seen as growth points
3) Don's approach to angel investing and advising startups is deeply rooted
in empathy, deriving from his own experiences as a founder and operator
4) While recognising the importance of passion, he advises focusing on the structural elements of building a startup, stressing the need for sound strategies and realistic goals
5) Understanding the people side of tech and business, he values building a network that brings collective benefits, emphasising the significance of each addition to the network
6) He shares the importance of adapting your product to solve real problems that customers are willing to pay for, stressing on achieving product-market fit with a clear value prop
7) Above all, Don underscores the importance of staying true to one's values and making decisions that align with one's authentic self and the well-being of others involved
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