The Ledger
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Joe Fernandez suggests $10,000 internal bounties to disprove major startup initiatives
“So offering like almost a bounty of, you know, let's say, 10,000 dollars to somebody who could concretely say why this is a bad idea and why we'd be better off Putting our resources somewhere else is like a small price to pay to avoid taking that wrong turn.”
Fernandez: Joymode will iterate on its membership model until the company dies
“Like, there are things in our business, for example, we have this notion of a membership, which is kind of controversial in our structure, that I'm willing to basically kill the company to prove It is right, and I believe so strongly that that is kind of a cor…”
Startups need one initiative that investors fear will kill the company
“I think you should always have an initiative that you are working on that a huge portion of the team and investor base is afraid will kill the company. Like, that is a good barometer of, like, are you being daring enough?”
Joe Fernandez argues serial entrepreneurship status is inflated
“And startups are just hard. And I don't think it matters how many times you've been through it. It's gonna going to be hard. And some of the serial entrepreneurship stuff, I think, is inflated, though I appreciate the benefit I get from it daily.”