outsourcing route

Also known as outsourcing

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Capabilities: Michael Seibel, Warns that repeated iteration with outsourcers can use up money before the startup finds product-market traction.

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Michael Seibel: Warns that repeated iteration with outsourcers can use up money before the startup finds product-market traction.
Warns that repeated iteration with outsourcers can use up money before the startup finds product-market traction.
“outsourcing, iterating with the outsourcers, and then running out of money” 12:49
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15:36

One Order of Operations for Starting a Startup

Michael Seibel

Michael Seibel lays out a practical sequence for starting a startup: find a problem you care about, explore solutions with potential co-founders, then build and launch a simple MVP. He recommends judging problems by how often they occur and how intensely they affect people, and treating early solutions as hypotheses to test. Early progress with a small product and a few customers can build team commitment and make fundraising easier. He cautions against pitching only an idea or outsourcing product development before finding a technical co-founder, since repeated iteration can consume money without producing traction.

Nov 28, 2018· 16 minDiscussed 10:17