Petr Palan 🎱
@NewFounderCoach
Building & operating companies in tech for 20+yrs, now helping founders turn SW&HW ideas into 📈 businesses💰// built 12, exited 4 and worked with 100+companies
Trading212 - A User-Friendly Fintech Trading App
I rarely talk about apps I use,
but if you are not into active trading and you’re not great at active investing (most of us aren’t 🤷♂️)
Then you might find the fintech trading app - Trading212 - very handy 📈
What @Trading212 lets you do is to create your dream portfolio with fractional shares and then auto-invest regularly (or not) from like €100
Which means …
No Price = No Value = useless shit...
Price is an indication of value $$
If you don't think your product is adding value to your users - the best course of action is to stop!
STOP MESSING UP YOUR USER's LIVES!
If you don't provide useless shit, I bet I got your attention now! 👇
I bet most of you working on products that don't pay your bills feel offended now.
How dare I to say you're doing useless shit when your users say they love it everytime you talk to them. 👇
Most interesting office benefits…
The most surprising office benefits or, as they say startup office perks, I’ve heard of …
And no, this is not your typical fresh fruits, free lunches, dog friendly or gym which are kinda boring and omni-present. These are way better and more surprising 👇
1/ SAUNA in the office
Seems like a good idea to sweat out the work pressure in the office with colleagues. At least for anyone who’s from Finland 🙂
I’d certainly need some time to get used to it!
New VC game...
Something #startups and #VCs hopefully already noticed - but it's now almost official as many smart VCs argue the same;
What changed about VC game?
- increased competition
- greater access to information about business formation
👇
- shift out of high-barrier-to-entry markets like chip manufacturing
- shift into lower-barrier markets like software
- internationalization of talent
All these make it more difficult for VCs to sustain their past level of performance.
👇
Not everything new is innovation…
There’s a thing which often gets forgotten when people talk and think about #innovation and #innovative solutions…
Innovation must check three boxes:
✅ it must be novel solution 🆕
✅ to real existing problem someone has 👥
✅ which makes business sense 💰
👇
Now let’s stop briefly on “makes business sense” check;
If you do something novel on technical or theoretical level but no-one is seeing the added value, nor is willing to pay for it…not even you - e.g. through lower costs, faster execution, etc.
👇
Not so good hiring practices examples...
You can tell a lot about #company or #startup through their #hiring process and principles.
Like most of you - I've been a number of times on both sides of the fence
- hiring and helping to design the hiring process
- or going through hiring discussions myself
and it never stops to amaze me how vast the difference is between the best hiring processes and even those you'd call better ones.
Not to mention that many companies seem to still have a hiring process run as an after-thought... 😦
Minimal Product Team Roles needed
I got a question yesterday - how big is the product team - and the answer seemed to surprise the founder, so sharing here to have less surprised faces 😉
Who should be in the #product #team - which can be self-sufficient and empowered to create your product's future;
⬇️
The product team is a small team typically with the following roles
1/ product manager
2/ interaction designer
3/ software engineers (2-5) with one acting as tech lead
Q&A and UI design can be part-time members.
As the organization grows additional roles will pop-out...
⬇️
Hardware business and inflation
When thinking about #supplychain #planning for #hardware business, you will inevitably be confronted with a macro situation and you will have to make a judgment about how is it gonna affect you & your business!
That judgment needs to come from understanding...
⬇️
...how the situation affects
1/ your customer
2/ your supply chain partners
3/ your sales channel partners
⬇️