why aren't all 18 resolved? a statement only gets an assessment when the public
record can support or contradict it. opinions and what-ifs never can, and 0 checkable
ones are still open, waiting for their date. predictions held up or didn't;
assertions are supported or contradicted. on every card:
▮▮▮▮▮ certainty ·
▮▮▮▮▮ debate potential. speakers are clickable
Insight
Ryan: Take family money to ensure the ultimate motivation to survive
“I always encourage entrepreneurs to take money from family because I think it's the best motivation to ensure that no matter how hard things get, you're going to find a path forward.”
Insight
Entrepreneurs Should Raise Family Money to Ensure Maximum Motivation, Says Ryan
“I always encourage entrepreneurs to Take money from family, because I think it's the best motivation to ensure that no matter how hard things get, you're going to find a path forward.”
Insight
Ryan: Most Product Innovation Originates From Serving Extreme Users
“And look, most innovation comes from like really serving the needs of an extreme user that then you apply that to a general population.”
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Ryan: Advertising is a tax on unremarkable products
“I still think of advertising as a tax on an unremarkable product. And the better you get the product, the packaging, and something that creates that immediate connection, then marketing is really just gravy and jet fuel to be able to accelerate that.”
Insight
Eric Ryan: Winning on product iteration is harder than building a brand
“Really trying to win on a product iteration is tough because it almost becomes more of an invention than building a brand.”
Insight
Eric Ryan: Character licensing offers early brands a shortcut to scale
“Licensing, especially with retailers, is a great quick shortcut to really build, even though you're borrowing someone else's brand equity, but particularly for kids, bringing in kids' characters and being able to custom on top of that, I think would really get…”
Insight
Ryan: Informal Advisory Boards Create Rhythms Needed for Scaling
“If you don't take outside capital, you don't need a true board, but having a group of people function as a board is It kind of creates these, like, tentpole moments and puts structure around the business to help you create a really clear rhythm to help you sca…”
Insight
Eric Ryan: Founders must choose between keeping control and maximizing scale
“You can either go for control or financial win. Meaning if you want to just continue to have full control and really build this yourself, it's going to be a slower, longer build, but you can have control. If you want to really scale up, you're going to have to…”
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Eric Ryan: Building a long-term brand around one product is very difficult
“I think it's really, really hard long-term to build one product. I think you'd be in one category really well.”
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Ryan: No low-interest categories exist, only low-interest brands
“There's no such thing as low interest categories, just low interest brands.”
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Ryan: Eco-brands must use design as a Trojan horse for mainstream adoption
“The only way we're going to make this work is we had to get the mainstream into a green product, and we thought a lot of it as it's a Trojan horse for good. We had to put our green credentials on the back of the bottle and almost kind of hide them.”
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Eric Ryan: Successful founders need business partners with opposite mindsets
“As a founder, you often look to partner with businesses with people who are similar to you, but what you need is someone who's the complete opposite of you to make a business successful.”
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Ryan: There Are No Low-Interest Product Categories, Only Low-Interest Brands
“There's no such thing as low-interest categories, just low-interest brands.”
Insight
Method Hid Its Eco-Friendly Credentials to Overcome Mainstream Consumer Skepticism
“We were really big believers that the packaging would have to be the primary marketing vehicle, and you would see it on shelf because of the design. You would buy it because of unique fragrances. You would get home, find out it works, turn the bottle over, and…”
Insight
Ryan: Manufacturers must fund retail clearance discounts for discontinued products
“And it's expensive to launch a new product. It's really expensive to discontinue. Because when you see something on shelf that's being discounted for the store to get rid of it, the manufacturer is funding it.”
Insight
Eric Ryan: Co-founder partnerships are like marriages without makeup sex
“And you're doing this as a partnership, and I always tell people it's a lot like a marriage, but it's even harder because you can't have makeup sex. So you've got to find alternative ways through it.”
Insight
Pitching Busy Store Managers Is Excellent Startup Sales Training
“And it was the best training, because we didn't know how to sell, and you had 30 seconds to pitch. And so it really helped you learn how to sell the product.”
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Product Manufacturers Must Cover the Cost of Retail Shelf Clearance Markdowns
“And it's expensive to launch a new product. It's really expensive to discontinue. Because when you see something on shelf that's being discounted for the store to get rid of it, the manufacturer is funding it.”