Float
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A Product Market Fit Show 22 
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A Product Market Fit Show 22
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12 statements about Float, every show
Khoury: Cash-Generative Share Cannibals Become Cheaper If Their Stock Stays Flat
“In the best instances, these are companies that are generating material amounts of free cash flow and shrinking the float so that as time passes, if the stock's flat, it's getting better and it's getting cheaper.”
Khazzam: Float Scaled to 60 Customers in Eight Weeks to Raise Seed Round
“One is let's bring on a bunch of new customers. We're not going to have a revenue story, but let's bring on 60 customers. Let's see if we can get 60 customers, go from three to 60 in eight weeks or something like that. And that would be a great story that coul…”
Khazzam: Startups achieve results fastest by shrinking progress measurement timelines
“I mean, the simplest way to achieve results as a small early stage startup is to shrink the timeline through which you measure progress. So instead of saying, what are we going to get done this month? You say, what are we going to get done this week? What are …”
Khazzam: Strategy and planning have little value for early-stage startups
“And so I think it was really that this idea that strategy and planning have little value at an early stage company. It's about execution.”
Khazzam: Radical Candor is mandatory reading for Float employees
“So we introduced that book to the team early. It's a mandatory reading for everyone on the float team.”
Khazzam: Float runs blind simultaneous voting in hiring debriefs
“So before we hired anyone, before we shared feedback, I, you know, we do debriefs and we'd say before anyone says anything, don't tell us what you think about the person on the count of three, thumbs up, thumbs down, so that you couldn't be biased by, you know…”
Khazzam: Float bans lukewarm hiring decisions, accepting only strong yeses
“That led us to decide there's no more lukewarm yeses. It's only fuck yeses, strong yeses.”
Khazzam: Float Blocked All-Day Tuesdays for Co-Founder Recruiting
“I blocked time in my co-founder's calendars each week to say, you're not allowed to do anything from, you know, it was Tuesdays in particular. I think it was like, Eight a.m. To eight p.m. There's no internal meetings. This is recruiting time. You're either me…”
Khazzam: Scaling Float from 4 to 15 People Was Hardest Phase
“Getting from four people to 10 or 15 was the hardest. We spent hundreds of hours trying to convince engineers to join our team and no one wanted to.”
Khazzam: Float contacted 500 engineers to hire its first two or three
“I think to hire our first, I think to hire our first two or three engineers outside of my co-founders, we probably had to touch in one form or another email, communicate with, 500 engineers.”
Khazzam: A 40-hour workweek without evenings or weekends is unrealistic in startups
“I don't view work-life balance as, you know, I work 40 hours a week and I don't work after six and I don't work weekends. That's not realistic in a startup. The totality of the amount of work you're going to do is going to be greater than that.”