Everything Ray Reddy said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Reddy: Founders should start with intuition and back it with data
“You know, my belief on these things is that for the most part, you start with intuition and then you try to back it up using data.
Use market data.
I think going the reverse way can just be very noisy.
Data in and of itself is hard to prove or disprove…”
Reddy: National merchant spread is useless for local pickup apps
“Most people thought of it as like, let's go sign up a thousand restaurants across the country. But the problem for any user is like no one's going across an entire country buying burgers and coffee. They're relegated to a, you know, often a five minute walk ra…”
Reddy: Local startups fail by prioritizing app UX over neighborhood merchant density
“It's that people have gone wrong by prioritizing UX over the word we use is coverage. Okay. Basically the amount of assortment you have in, in a neighborhood.”
Reddy: Big tech's global footprint prevents it from innovating in local commerce
“I think one of the biggest challenges with local is that you have to go really deep into neighborhoods and into cities to build a useful product in local. And it is very difficult to go deep and Broad at the same time, it can be like boiling the ocean. And I t…”
Reddy: The true minimum bar for an MVP is surprisingly low
“And I think for a lot of people, there's just a very big disconnect between what they view as like the minimum bar of a product and what the real minimum bar is. And the real minimum bar is like way, way, way, way, way lower than your brain tells you it is.”
Reddy: Product-market fit is a recurring challenge for every new feature
“A lot of what I'm talking about, like product market fit is seen as a one-time problem, but by the way, there's versions of that in almost every feature you launch.”
Reddy: Ritual proved its core idea in 60 days for under $100K
“We were able to prove our idea in 60 days and with, you know, Tens of thousands of dollars, not, not even hundreds of thousands of dollars.”