Domain expert founders: Perfect is the enemy of the good
When we were building SupplyShift, we knew how to make the perfect platform for our customers. Or so we thought (spoiler alert, we didn’t). We planned for everything the market SHOULD need. But if the market is figuring out how to walk, your perfect race bike is not the solution, no matter how well thought out. Domain expertise is a strength that can turn into a trap.
If you’re not describing value, what are we even doing here
If your messaging is about the latest feature you built, rather than the value it delivers (read: does it help your customer sleep at night?), here’s a shortcut to jump from feature to real value.
Innovate the Product. Don’t Innovate the Company.
Almost every brilliant founder I talk to is absolutely dialed into building a great product. They listen to customers, iterate fast, find product/market fit, and hire smart people.
Then things change:
After the very first phase, your job is not to keep doing what you love most and continue building the product.
Your job becomes building the company.
Does your company actually own your product?
When it comes time for you to sell your company, can you prove it?