“The narrative starts with Framing a problem that may already be latent, or they don't even think about, and making it top of mind. And when you make people see a problem differently, you arbitrarily get to reset the value associated with solving that problem.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Michel Feaster
Insight
Feaster: Category creation lets startups dictate their own price point
“Category creation is about creating a net new problem and a net new solution to that problem. And the reason it's important is that if I go and I build a better monitoring tool, the price point of monitoring tools is already set. Whereas if I create a category…”
Michel FeasterJan 2, 2019▶ 0:56a16z Podcast | Creating a Category, from Pricing to Positioning
Insight
Feaster: Enterprise ACVs inflect after securing 20 to 50 customers
“Somewhere between 20 and 50 enterprise customers, you've got, you know, the top five in a couple verticals, and now all of a sudden you're really defensible. Now all of a sudden you can go into that deal, and you're de-risked in a massive way. And at that poin…”
Michel FeasterJan 2, 2019▶ 6:02a16z Podcast | Creating a Category, from Pricing to Positioning
Insight
Feaster: Very Few Founders and VCs Have Patience for Category Creation
“I think very few investors and founders have the patience for the level of uncertainty that it takes to build a new category.”
Michel FeasterJan 2, 2019▶ 22:28a16z Podcast | Creating a Category, from Pricing to Positioning
PredictionNot checkable as stated
Feaster: The future of innovation is non-technical people coding
“The future of innovation is not having more developers code. The future of innovation is getting Non-technical people to be coding.”
Michel FeasterJan 2, 2019▶ 27:45a16z Podcast | Creating a Category, from Pricing to Positioning
PredictionNot checkable as stated
Feaster: Dedicated business tech teams will own customer journeys by 2028
“10 years from now, my belief is you're going to end up with a business technology team, whether it dots into IT or it stays in the business, it will own all of the technology end to end, and it will be responsible for end to end customer journeys, end to end c…”
Michel FeasterJan 2, 2019▶ 18:41a16z Podcast | Creating a Category, from Pricing to Positioning
Insight
Feaster: Good prospective mentors have track records of internal promotion
“I think anyone who is inclined to mentor has a track record of promoting from within. They have a track record of kind of having mentees.”
Michel FeasterJan 2, 2019▶ 30:55a16z Podcast | On Mentors and Mentees
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