Everything Dharmesh Raithatha said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Early-stage startups should avoid outsourcing technical development unless cloning
“So I'm super anti-outsourcing. So unless you've got like a very clear idea that's just a copy of something else.”
Early-stage VC funds benefit from having dedicated product specialists
“I think for the early stage funds, you know, having someone that understands products can help massively because, you know depending on the company, there's a lot of challenges, either seed or series A, where they need to start scaling up.”
Forward Partners rejects founders lacking deep understanding of the problem
“So we've seen lots of like the similar ideas, but the founders don't have the kind of deep understanding of the problem. They found a problem and they're going to go, right, we're going to build a startup, but they don't have that kind of deep understanding of…”
Internalized problem experience trumps industry knowledge for early-stage founders
“Ross Bailey, right, you know very, very young when he joined us, I think it was 1920, you know, but he had experience of trying to run a pop-up shop. He understood the problems out there of trying to do that, you know, trying to solve that for himself. So it w…”
Founders must validate user problems before spending years building products
“You brainstorm lots of ideas, but then the next step is to go out and, you know, talk to people and interview them and observe them and try to understand more detail in that problem. You know, how are people trying to solve it now? Where are their frustrations…”
Forward Partners primarily backs solo, non-technical founders
“So at Forward Partners, we tend to take people that are in, in the main solo founders who, you know, tend to be non-technical.”
Startups missing core value depth will never build amazing companies
“If they don't spend enough time really understanding what is that core value to a really deep level, then they can optimize it, and maybe they'll get to a two X better solution, but they'll never really make. An amazing company.”
Forward Partners spends the first month of its program on customer research
“We have a 12 month program that we try to get them to a valuable business. But we spend a month, you know, really thinking about that problem, which then feeds into the first product solution and the value proposition that they create.”
Startup and operational experience is increasingly crucial for entering VC
“I would say that I can see that the VC world is changing and having some operational or startup expertise helps.”
Lexoo launched by manually matching clients before building automated software
“They launched with a homepage and a form, and after the month of interviews, at that point, Daniel, the founder, was doing everything by hand. So Inquiry would come in to find a lawyer, he would be speaking to that person, he would be going to find a lawyer, t…”
Forward Partners invests at the idea stage before products are built
“And for us, for the idea stage, it's even more important because, you know, our founders don't even have any they don't even have a product yet.”
Startups require operational detail while VC requires macro trend analysis
“Working in startups you only get to see a few ideas get to any stage. So you're very into detail, and you're really into, like, growing that one company versus suddenly, you know, I'm exposed to, you know, thousands of ideas, and trying to think about longer-t…”
Product expertise is an essential lens when evaluating software startups
“With my kind of product background, I'm able to look at companies with that lens, and I think that, that's useful, right? That, that's a useful lens to look at, because these are all software companies, and the products are huge parts of their businesses.”
Forward Partners sets macro investment themes rather than brainstorming specific ideas
“Internally, we have our own investment themes where we will be researching different sectors. We'll be, you know, looking at, like, long-term trends in technology and you know, seeing where kind of consumer behavior is going. Internally, we're not actually bra…”