Why You Should Listen: Join host Paul King on the Fail Wisdom Podcast as he interviews Lucas Hakewill, a seasoned startup founder and operator, offering a wealth of knowledge for early-stage entrepreneurs. In this episode, Lucas delves into the critical aspects of startup success, emphasizing the importance of craftsmanship in product development, the necessity of quick iteration, and the value of understanding your customers deeply. Lucas shares practical lessons from his career, including the inspiring journey of Forage, a startup that thrived through the 10x Accelerator program. You'll gain insights on how to build conviction from early customers, the importance of securing customer commitment, and the advantages of starting with a simpler, more focused product. The episode also explores the collaborative and competitive dynamics between universities in the startup ecosystem, offering a unique perspective on innovation and growth. Lucas wraps up the conversation by sharing his strategies for stress management and the importance of finding activities that restore energy, drawing from his personal experiences on balancing depth and breadth of expertise. Whether you're just starting out or looking to refine your approach, this episode provides invaluable guidance to help you navigate the challenges of entrepreneurship. Listen on:

✅👉YouTube: https://www.youtube.com/@StartupFailWisdom

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✅👉Apple Podcasts: https://podcasts.apple.com/us/podcast/startup-failwisdom-podcast/id1718673998

✅👉Amazon Music: https://music.amazon.co.uk/podcasts/8ac699e1-b501-4167-91e2-967e07876da1/startup-failwisdom-podcast

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Disclaimers: The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of the podcast owner or sponsor. Any content provided is for informational purposes only and should not be interpreted as professional advice. Always consult with a qualified professional for specific advice tailored to your situation. Chapters 01:30 - Introduction and Background 05:18 - The Importance of Craft in Building a Product 09:41 - Quick Iteration and Making Changes to the Product 16:24 - Customer Development: Understanding the Needs of Your Market 23:43 - The Story of Forage: Quick Product Development and Customer Discovery 27:03 - Conclusion and Key Takeaways 29:57 - Starting with a Simpler Product 33:53 - Collaboration and Rivalry Between Universities 44:02 - Effective Stress Management Techniques for Entrepreneurs 49:13 - Striving for Depth and Breadth of Expertise ​ #startup #entrepreneurship #productdevelopment #iteration #customercommitment #stressmanagement #earlystagefounders #acceleratorprogram #startuplife #entrepreneurmindset