why aren't all 11 resolved? a statement only gets an assessment when the public
record can support or contradict it. opinions and what-ifs never can, and 0 checkable
ones are still open, waiting for their date. predictions held up or didn't;
assertions are supported or contradicted. on every card:
▮▮▮▮▮ certainty ·
▮▮▮▮▮ debate potential. speakers are clickable
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…”
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…”
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.”
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.”
Insight
Feaster: Reframing latent enterprise problems allows founders to reset price expectations
“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.”
Insight
Michel Feaster: Product marketing is the lifeblood of enterprise startups
“Product marketing is just like the lifeblood of an enterprise software company.”
Insight
Feaster: Enterprise customer advocacy is the most credible sales tool
“There's nothing more credible than big enterprises talking about in detail their use cases, their value, because now it's not you selling them, it's the customer selling them.”
Insight
Feaster: Enterprise product marketing must identify repeatable buyer patterns to scale
“Product marketing should be equally data driven. You're looking for patterns in who's the buyer. What's the initiative? What's changing in the organization? Like you're trying to find out what's common about the things that you're doing because that's the stuf…”
Insight
Feaster: Creating new customer roles is ultimate category creation
“If you can create a new role in a company, it's the ultimate act of category creation.”
Insight
Feaster: Enterprise buyers are forgiving and want early founders to succeed
“In the enterprise, relationships are forgiving. And people want to help you succeed.”
Insight
Feaster: Enterprise founders must balance vision delusion with detail flexibility
“Like, you as a founder have to be on some level super delusional and convicted that there's this big market. But you have to be really open on the details.”