
It's a topic that I am very passionate about. How do we make starting up easier? How do more founders get it right, the first time?
In conversation with Ishwar S - Founder- Unsolved.xyz with host Bimlesh Gundurao from PITCHCAMP
Some nuggets
✅ 9 out of 10 ideas don’t become side project
✅ 9 out of 10 side project don’t become a startup
✅ 9 out of 10 startups fail
✅ Collectively the ecosystem has learned more, more experience
✅ Immensely easy to Start unlike earlier (Website Design, Payment gateway etc)
✅ Access to Cloud Services to build prototypes and not ending physical servers
✅ Smaller teams can achieve more
✅ Founders with an exit, are reinvesting in new startups
✅ 42% of startups fail because there is no Market need (YC)
✅ Founders who are “Coachable’ tend to thrive more
✅ Defining the right problem, finding a solution, and getting paid - Perfect state to be in quickly
00:00 Welcome
01:45 Introduction
11:35 changes in the startup ecosystem from 2010-2020
20:55 New ideas/skill current first-time entrepreneurs are bringing to the table
26:40 Building a Product Vs Business
28:30 One Key Skills for an entrepreneur
32:12 Perils to talking during problem discovery
32:33 Role of an Entrepreneur
34:15 Evaluating ideas
40:06 Giving feedback to startups that are stagnant with revenue growth
46:12 Lean Startup method
49:00 Filtering out ideas
51:34 Closing thoughts for first-time entrepreneurs