Runway, Iterate, Funded, 100, Schedule
☕ Good Morning!
What is the best way to navigate your startup through the recession? Lolita Taub shares an article from AngelList written by Superhuman founder Rahul Vohra. In his opinion, the ”optimal strategy is to choose the amount of runway to maintain, and then adjust net burn regularly in order to maintain this runway.” The net burn can be reduced through revenue growth and cost reduction. Read the full article here.
🚀 Maker Stories
Earlier this month, SureSwift Capital interviewed Moritz Dausinger, founder of Refiner, a customer survey tool built for SaaS, eCommerce and Membership sites. During the last five years, he has bootstrapped and sold two B2B SaaS businesses, Mailparser and Docparser. His methodology focuses on identifying underserved markets, building a quick MVP and iterating the idea according to real user feedback. In his opinion, it’s important to strike “a balance between keeping your ego low and listening to what your early users say, and having your own long-term vision for the product.” Read the full interview here.
A good podcast by Minaal with Andrew Youderian from eCommerceFuel and Tyler Tringas from Earnest Capital. They discuss COVID’s impact on the software industry and eCommerce, the opportunity to create life long customers, the types of business you should be starting now, the advantages of running a bootstrapped business and new startup opportunities. Listen to the full podcast here.
🏗️ Build + Launch
Earnest Capital has completed two investments. The first is in Jetboost, a Webflow add-on that was founded and built by Chris Spags. Earnest Capital believes “Webflow is going to be huge and Chris is building the premier suite of add-ons and boosters to give it superpowers.” Read the full post here. The second investment is in Cachix, founded by Domen Kožar. “Cachix is a caching system built specifically for development teams using Nix”. It’s free for open source. Read the full post here.
Indie Hackers shared a Notion board made by Olly showing “100 tried and tested actionable ways to get your first 100 users”. A great resource, especially for early-stage bootstrapped startups (B2C + B2B). View and duplicate the board here.
🖥️ NoCode
Obviously AI shares a great Medium article written by Charge VC on the developing NoCode landscape and the opportunities they see. Charge believes “we are witnessing a fundamental shift in which the circle of those that build the future is widening. Software is about to have many new architects.” Read the full article here.
NocodeEssentials expands on the article above, listing some of the NoCode players which are missing in Charge’s article.
💭 Afterthought
How does Tim Ferriss integrate creativity, productivity, and self-reflection in his busy life? Is it balance or is it selective focus? There isn’t a perfect answer, but in his opinion, you will never find balance because you have to schedule it! Learn more about his methods by watching below and if interested, you can read his post Make Before You Manage which he mentions in the video.