Everything Brad Whistler said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Wisler: Studios Shouldn't Hire External CEOs for Internal Ideas
“Because the reality is that a co-founder is never going to be as passionate about my idea as they are about their own. And I think that was one of the biggest learnings from Sproutbox is that it's really dangerous to start a company and then try to find somebo…”
Wisler: Studios Must Decouple Operating Revenue From Fund Capital
“If you get to the point where, Your studio staff depends on making an investment. In other words, I don't make an investment. There's no money to pay the team. That puts a really unnatural pressure on the general partners to make an investment, even if there i…”
Wisler: Enduring startup success comes from deliberate craft rather than speed
“Craftsmanship is not quick. And at the end of the day, the things that are going to succeed are not the thing you did the quickest. It's probably going to be the thing you took your time and did right.”
Wisler: Built products lack value without a dedicated full-time founder
“If we build things, they have no value unless there's somebody really who's waking up every day focused on that thing.”
Wisler: Hiring full-time early staff across design and HR is highly inefficient
“There's a lot of things at the earliest stage. That are highly inefficient to handle by hiring full-time staff. All of the, even design, even some of the product development, but certainly, you know, back office and support for the HR function and some of the …”
Wisler: Paragraph prefers launching startups with long-known founders
“And so we like to take a long time and start businesses with people that we've known for quite a while. And not that there won't be any other exceptions to that rule. Sometimes you can get to know someone pretty quickly and certainly referrals are important in…”
Wisler: Paragraph Startups Can Reach Revenue Before Incurring Recurring Expenses
“With the way we operate, right, we use our own capital to get the product built, get it to market. And so literally our portfolios, companies have the option. They don't always take this route, but then they have the option to have zero expense before they hav…”
Wisler: Early Salaries Trap Founders in an Expense-Driven Growth Mindset
“It's so hard to flip that once you've, you know, once you're in that position of, I gotta, I'm paying salaries, and so the next thing I do is I gotta pay another salary, and you're thinking about growth through the expense of, through the lens of expenses rath…”
Wisler: Startups must design products around distribution before building
“You need to design the product around
That around your distribution strategy, right? Not just around, because your product is, part of it is what happens once the customer's already in there using it. Your onboarding, your signup process, your payment process,…”
Wisler: Cheaper AI Development Costs Offset Rising Cost of Capital
“Particularly in software AI has just made the cost of the build much cheaper. And that offsets increases in the cost of capital, particularly in our model, because What we're investing is correlated so heavily to the initial product build. I think it's a real …”
Wisler: Paragraph Tests Fake Landing Pages for a Few Thousand Dollars Before Building
“Before we start building a product, we build a fake landing page for that product. We build a Google AdWords campaign and a LinkedIn campaign, and we'll spend a couple thousand dollars testing messages and see what messages in ad copy get people to click. And …”
Wisler: Paragraph Recruits Co-Founders First Before Working on Ideas
“We'd like to say we're pre-idea now. We're recruiting co-founders first and then working on ideas.”
Wisler: Sproutbox Fund I made 13 investments with five liquidity events
“We made 13 investments in our first fund, and we've had five liquidity events already and still two very active.”
Wisler: Two Investments Generated 90% of Returns For Sproutbox's First Fund
“But at the end of the day, it's still the two biggest ones that are returning 90% of the returns.”
Wisler: Misaligned Procurement Processes Will Kill Otherwise Viable B2B Products
“You can build a product that people want and they just can't buy because your acceptance process is different from their procurement process.”
Wisler: App Download Latency Destroyed a Customer Service Startup's Value Prop
“We invested on the idea that we were going to build a mobile app, and we ended up throwing out that whole idea because it turned out That part of just waiting for an app to download and install at a moment of frustration destroyed the whole value proposition, …”