🧰 208 - ASAP Rocky Invests in Klarna, LinkedIn BizDev Power Tools, Missing black people, Being poor in Tech and more
Build the smallest thing to give you perspective
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Build the smallest thing to give you perspective
I hate the word MVP because so many people use it wrong - I used to as well.
When planning on what an MVP is, you want to see how viable your business model is. Even if you’re going for funding, Angels/VC’s all want you to fail fast rather than burning cash.
It’s easy to fall in love with your idea, but a good MVP allows you to be objective and do 1 of 3 things
Dump the idea
Try something new
Make a big or small change to your business model
Take what you think is minimal, cut it in half. Do that 2 more times ✂️. It only has to be valuable and usable to your ideal customers.
The other thing is, your product only needs to be 80% perfect. You still need to drive traffic and quality traffic for that matter so there are so much other things to consider if you are a solo founder.
Photo Credit: @Adrienne Brown David
💡Good to Know
You’re invited to an event I am hosting this Weds on Getting Starting with Minimal Investment. Link
I shared the steps I take to start a new idea from purchasing a domain to creating a landing page. Link
Steve Blank shares how when Founders pitch to Investors, and the expectations fit existing markets rather than new markets. Link
Got something to share but holding it back for some reason? Need a push? Check this Link
These are the 30 hottest black-led companies (from health tech to food and fintech) according to Google's startup team. 0.25 per cent of VC funding going to black-led startups. The Google for Startups Black Founders Fund will provide each business with up to $100,000 in non-dilutive cash awards, meaning founders don’t have to give up any ownership in their company. This only scratches the surface, but it’s a step forward. P.S. I don’t know what to think about lists like this, how are they assessing them? Link
A writer from California shares her experience of being poor in tech - very relatable to me at least. Link
UK Artist Fekky has founded a laptop library in Lewisham. Link
ASAP Rocky invested in Klarna, a Swedish fintech company. He will also curate content on Klarna's app. I keep saying B2B companies should partner with hip-hop artists. Link
Buying guides for SaaS tools. Link
Dominic Norton has created a directory of missing black people which recently went viral and was featured on BBC, Vice and the Independent. Link