Moore: Assess founder-market fit with a two-by-two matrix of interest and experience
“I think this is a founder market fit, like pre-screen. Almost like this two by two matrix of how much fun would I have doing this? How much will it light up my brain? How intellectually interested am I in the problem is one dimension. And then the other dimens…”
Moore: FOMO prevents angels from giving honest feedback to successful repeat founders
“The FOMO of not being in on their next thing is greater than my willingness to create confrontation with them, which is not a hard ratio to keep over one. Then I'm not going to give them as candid feedback as I probably rationally should, or I'm not even going…”
Moore: Pitching multiple ideas at once forces genuine critique from peers
“Forcing them to compare and contrast and say like, which one, why this one, why not that one does create a little bit of like a forcing function of, you know, being able to criticize all these ideas.”
Moore: Programmatic SEO yields A times B landing pages from A+B articles
“The cool thing is you only have to write A plus B number of articles or pieces of content to stand that up, but you get A times B number of unique landing pages or microsites as a result of doing it.”
Moore: Founders wrongly treat product-market fit as though markets are static targets
“A lot of founders, they talk about product market fit as though markets are stationary and your product is the thing that you move.”
Moore: Invested in Fanatics when it was just three guys in Jacksonville
“One of the businesses I invested in at Insight was Fanatics. At the time it was called Football Fanatics, and it was three guys in a strip mall in Jacksonville, Florida that had an e-commerce website that had like pretty impressively good growth stats.”
Moore: Founder dismissiveness toward customer shifts signals a lack of intellectual honesty
“When you feel like your rate at which you are being dismissive of people and things that you feel like don't know as well because they haven't been doing this as long as you goes up, it's time to do that intellectual honesty check and, like, See if maybe there…”
Moore: Building a startup by relying on customer consensus severely caps upside
“Maybe you index a little higher on the extreme outcomes version. Like if your north star is wrong, your north star is wrong and you're really gonna stick yourself. But if you don't do that, you cap your upside really severely because your whole company becomes…”
Moore: Crossbeam Grew from 5 to 30 Companies via Early Partner Invites
“I manually got five on, and then that five led to 15. What was amazing was of those 15, 10 of them invited another three on, and then we got 30, right? And then like this incredible viral loop started before we had even started optimizing on the way to drive v…”
Moore: Crossbeam did not charge its users for two and a half years
“We basically didn't charge anybody anything for the first two and a half years of this business.”
Moore: Strategic Decisions Cost RJMetrics a $3 Billion Market Opportunity
“How ultimately I think a series of decisions led to us missing out on what was probably a two to three billion dollar market opportunity.”
Moore: RJMetrics Bootstrapped to Its First Several Million in ARR
“Let's attempt to bootstrap this thing, and that's precisely what we did for the first several years of the business. We were kind of the tortoise in the tortoise of the hare story, right? Like, we had some market pool, but we kind of were early to the market, …”
Moore: RJMetrics Survived Until the Market Caught Up, Then Lost PMF
“What we really did was not die when we were too early, and be there when the market actually drifted into the window for what we had built, and just as quickly, while we were in a hiring frenzy, and while we were focusing so much on sustaining the demand that …”
Most business books could have been a blog post
“I think most business books could have been a blog post and most blog posts could have been a tweet”
The best partner intent signals occur within a week of deal close
“The most valuable signal of intent from your partner ecosystem probably happens in the 48 hours to one week after your partner closes a deal with someone that you're trying to sell to.”
Moore: RJMetrics Launched on the Day Lehman Brothers Collapsed in 2008
“That was 2008 the day Lehman Brothers collapsed, we launched that company.”
Bob Moore categorizes himself as an "in-the-middle" entrepreneur
“I'm definitely one of those in the middle entrepreneurs. I am not somebody that is here with a billion dollar outcome. I'm not somebody here with the story of having gone to zero”
Bob Moore sold his startup Stitch Data to Talend for $60M
“About two weeks ago, I sold a company that I co-founded called Stitch Data for sixty million dollars to talent.”
Bob Moore and Jake Stein quit Insight Venture Partners in September 2008
“We quit our jobs on September second, 2008.”
RJMetrics raised $23M across Seed, Series A, and Series B rounds
“Between 20 12 and 20 14, we raised twenty three million dollars in venture capital, ah, in the course of a C to series A and a series B round.”
Bob Moore skipped his earn-out at Talend to start Crossbeam
“I was very fortunate to kind of be able to, ah, not have an obligation to stay on for the earn out period, and I am going to be starting an entirely new company called Crossbeam.”
Bob Moore bought a Los Angeles Mobil gas station for $6,000
“Oh, it was about 6000 dollars, and I can tell you that the excitement of having my own business, it, it's still with me.”
Bob Moore's Mammoth Lakes gas station failed within one year
“There was already a shell station up there that had been there for years and years and years, and everybody loved them and went there for their gas and for everything else, and frankly, a guy by the, almost one year to the day, we just ran out of money”
Bob Moore hit rock bottom relying on charity for Sacramento housing
“We didn't have any furniture, so that was about the lowest point in our life when we were living on somebody else with the three boys,”
Bob Moore salvaged 19th-century stone mills slated for demolition
“Dewey was such a help. He found me a mill that was to be torn down in Fayetteville, North Carolina. So I ended up, for not a whole lot of money, With my garage stacked full of old, very ancient stone mills dated, 1870, 1860, 1880.”
Bob Moore personally created the 10-grain cereal recipe still used today
“Oh, actually, we, I created the 10 grain cereal that we're using now.”
Bob Moore kept his JCPenney day job two years after launching
“I kept my job at Penny's for two years, and Charlie, of course she worked the store and talked with people, and she was a great believer in whole grains, and it was all very nice.”
Bob Moore retired at 50 to study biblical languages at seminary
“I had an intense desire to learn to read the Bible in the original languages, Hebrew and Koine Greek, and, ah, we did a little scouting about and found here that Portland, where I am right now, was one of the greatest spots for seminaries, and, ah, we, ah, enr…”
Bob Moore bought an old Portland mill while attending seminary
“So, well, basically I bought the thing and changed my entire life.”
Fred Meyer offered to stock Bob's Red Mill in 44 stores
“What else came in was we had a group of markets here called Fred Meyer One Stop Shopping Center, and their buyer came in, he was a vice president, and he said, Mr. Meyer would like to open, ah, health food stores in all 44 of his stores, and he'd like to put y…”
Firefighters tactically saved all three antique stone mills during 1988 arson
“They just whacked a big square hole in it, and he planted one of the firemen there on the ground with a fire hose aimed through the hole, and for the entire time of the fire, ah, he kept, ah, direction inside the mill room, which actually saved all three mills…”
At almost 90, Bob Moore still works 12-hour days
“Here I am at almost 90. I get up at six every morning. I go down to my own store my own restaurant, and have cereal. I don't like anything besides hot cereal, cooked cereal, and then I, well, I get into bed a little bit early, but I work till five or six every…”
Bob Moore based the Bob's Red Mill concept on Genesis 1:29
“The whole concept of whole grains I got from the very first page of the Bible.”