Roeder: Practice launched in 2020 with an announced $10M seed round
“Practice launched the same year as us, 20, 20. And they announced that they had raised ten million when they launched, I think they might have called it a seed round.”
Roeder: Competitor Practice raised venture capital from Andreessen Horowitz
“Well, and they raised from Andreessen Horovitz.”
Walling: Bootstrapped Paperbell hit millions in ARR while $10M-backed Practice died
“Cause you're still alive doing millions a year in ARR, and they're now under, out of business, even though they had such a head start with ten million in the bank.”
Roeder: Paperbell's solo engineer matched VC-backed Practice's entire engineering team
“We had one person engineering team for the first three years of the business. And our one person was able to build extremely similar to what their entire team built.”
Roeder: Practice Spent Seed Funding on Engineering Instead of Marketing
“They seem because maybe because they had only, you know, quote unquote, ten million, they seem to have put it all into engineering and extremely little into marketing.”
Roeder: 'Practice' was a terrible startup name because it ruined searchability
“I do think they had just a terrible name. And I don't think that names matter that much at the end of the day, but this name was impossible to Google, impossible to track. It's like, you can't see when people are talking about you on Reddit or Facebook or anyt…”
Roeder: Bootstrapped Paperbell had far more revenue than $10M-backed competitor Practice
“We did not end up acquiring practice and it wasn't, it didn't really end up being a serious conversation, and they ended up just shutting down. And I, you know, I did find out that they weren't that large, that we were definitely far ahead of them as far as re…”
The Best Way to Practice Talks Is Passively Listening to Recordings
“The best way is you make a recording of the story you want to tell, and then you begin listening to it.
If you think about all the songs, you know, in your life, you probably didn't try to learn the lyrics to most songs.
You listened to the song long enough th…”
Belichick: Disciplining a Player by Dismissing Them from Practice Damages Team Preparation
“When you send a player home, it hurts the team. It doesn't just hurt the player, it hurts the team because, you know, you need the timing and the communication and the teamwork out there”
Assaiante: High-stakes performance cannot exceed the quality of practice
“You cannot perform on game day. You cannot present in the boardroom any better than you can in practice.”
Assaiante: Practice should be harder than game day
“I think that's backwards, because you know what? Once you put a scoreboard up there, all of a sudden, it's human nature. It becomes more important to you, and so I believe the opposite. I believe let's make practice more difficult, Make it more like game day s…”
Clear: Implementing ideas in practice guarantees better writing and advice
“There are many fewer people who can actually do it, who implement the ideas, and so by practicing them, you set a really high bar for truth, and you probably guarantee that the ideas will be better when you do share them and write about them.”