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The Great CEO Within: The Tactical Guide to Company Building - Matt Mochary

 1 year ago
source link: https://nextbigwhat.com/ideas/the-great-ceo-within-the-tactical-guide-to-company-building-matt-mochary/
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The Initial Team

  • Find a partner who has complementary skills to yours. 
  • Give up a large percentage of the company. It’s worth it.
  • Do not create a 50/50 partnership. While 50/50 sounds like an ideal, it actually leads to real pain if there is no easy way to break a deadlock.
  • Founding teams should never grow beyond six until there is a true product-market fit(PMF). 

PMF is having created a product that customers are finding so much value in that they are willing to both buy it and recommend it later.

Metrics that show whether PMF has been achieved include: revenue, renewal rates, NPS (net promoter score).


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