Todd Jackson

18 statements across 2 episodes · 6 bullish · 4 bearish · 2 people on the record · first statement Apr 11, 2024 by Todd Jackson · said 3 times in 2 episodes since 2023 · across every show →

On the record as a speaker too: Todd Jackson's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Jag Duggal (2), Lenny Rachitsky (1)

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Everything said about Todd Jackson, oldest first

Apr 11, 2024 positive
Insight
Jackson: Best early customers have already failed to build internal solutions
“If a customer has a problem and like, I really think they have a problem and they know they have the problem and they're looking for a solution for the problem, or they've even tried to build their own solution to it and failed. That's like the best customer, …”
Todd Jackson Apr 11, 2024 ▶ 1:19:33 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024
Insight
Jackson: Early-stage startups should ignore burn multiple, gross margin, and NRR
“And then there are metrics to track efficiency, right? Things like burn multiple, gross margin, NRR, all of these things. They're all of them are just like not applicable at this stage. It's too early and you shouldn't be worrying about that stuff.”
Todd Jackson Apr 11, 2024 ▶ 27:48 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024
Insight
Jackson: As PMF strengthens, marginal customer acquisition should get progressively easier
“And if you have product market fit, and as you are progressing along this journey, the marginal customer should be getting easier and easier and easier to get, like easier to acquire them, easier to give them good service with a good product. And that's means …”
Todd Jackson Apr 11, 2024 ▶ 19:29 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 positive
Insight
Jackson: Founders should view markets as people, not abstract categories
“I think it's like much more tangible for a founder to think of the market as like a collection of people. Right? Like Jack Altman was thinking about his market as all of the HR leaders out there. And he was thinking about how many of them are there and what ar…”
Todd Jackson Apr 11, 2024 ▶ 1:12:53 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 negative
Insight
Jackson: Early founders must avoid getting friend-zoned by polite customers
“Rick's analogy. I just love it for level one is you don't want to get friend zoned by your customers. Like you like where your customers like you, but they don't love you and they don't need you.”
Todd Jackson Apr 11, 2024 ▶ 36:33 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 negative
Insight
Jackson: A prospect calling an idea 'interesting' means 'no'
“If you had reacted like, yeah, that sounds kind of interesting. That's a no, right? That is a no. That is a polite way of saying the word interesting is a polite way of saying no.”
Todd Jackson Apr 11, 2024 ▶ 1:18:10 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 negative
Opinion
Jackson: WeWork and Casper failed on efficiency despite high customer satisfaction
“Like those products managed to achieve customer satisfaction and demand. But they never got the efficiency right. And so sort of the whole business just never worked right at scale.”
Todd Jackson Apr 11, 2024 ▶ 18:04 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 negative
Insight
Jackson: Slow sales cycles and low ACVs create a 'quadrant of death'
“You can't basically be in the worst of both worlds where you've got a slow sales cycle and a low ACV. Like that is the quadrant of death basically.”
Todd Jackson Apr 11, 2024 ▶ 53:50 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024
Insight
Jackson: Startups seeking nascent PMF must prioritize satisfaction over efficiency
“Of the three dimensions that you just recapped, Lenny, it's satisfaction first, demand second, efficiency last, when you're at level one. Like, it's actually okay to be inefficient at this stage, if it helps you uncover something that delivers an insanely good…”
Todd Jackson Apr 11, 2024 ▶ 22:15 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 positive
Insight
Jackson: The 'expensive' price in discovery is what customers will actually pay
“And like, generally when people tell you the fair price, it's a little bit of like, they're trying to get a deal. And the expensive price is the one, like if the price could, the expensive price is the one that they would actually pay. Right? That where they'r…”
Todd Jackson Apr 11, 2024 ▶ 1:21:37 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024
Insight
Jackson: Enterprise startups take four to six years to reach extreme PMF
“And for the best enterprise companies, I like, I would say they tend to reach extreme product market fit in like roughly four to six years, right? There's some variance but roughly four to six years.”
Todd Jackson Apr 11, 2024 ▶ 20:03 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 neutral
Insight
Jackson: Companies reaching Level 3 PMF should see 10% to 20% organic inbound
“I think if you are starting to get to level three, which is where we're getting to next, you've probably got 10%, 20% of your inbound coming or completely organically, organic inbound.”
Todd Jackson Apr 11, 2024 ▶ 54:13 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 neutral
Assertion Supported
Jackson: Looker required real-data demos while Lattice used Figma mockups
“Lattice is the kind of product I mentioned that could be sold with Figma mockups. Looker couldn't be sold that way. Looker, you actually had to do a demo with their real data. So it required, you know, a lot more work to do that. Vanta was neither like a demo …”
Todd Jackson Apr 11, 2024 ▶ 1:24:14 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024
Insight
Jackson: Founders have interviewed enough customers when predicting 70-80% of answers
“Kind of the rule of thumb is like, if you talk to enough people and you can like predict. 70 to 80% of what the next person is gonna say to you, cuz you've just talked to so many people and you've heard the pattern so clearly that's when you've talked to enoug…”
Todd Jackson Apr 11, 2024 ▶ 1:24:49 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 neutral
Assertion Supported
Jackson: Plaid originally launched as a consumer budgeting app
“Plaid started out not as like a API for bank accounts. It started out as a consumer budgeting app.”
Todd Jackson Apr 11, 2024 ▶ 32:23 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 positive
Insight
Jackson: Founders should sell before building to get customer signal
“I tend to gravitate towards the, like, I want to sell it before I build it because I really want the signal from customers. And I want that to sort of be the guide and the oxygen that drives what I'm building.”
Todd Jackson Apr 11, 2024 ▶ 34:09 A framework for finding product-market fit | Todd Jackson (First Round Capital)
Apr 11, 2024 positive
Insight
Jackson: Repositioning within existing categories is easier than category creation
“I think it's hard to create a category. Like it certainly works in some cases, but if you actually have like a really interesting spin on an existing category, like there's people are, there's already buyers spending money on that thing. They're already lookin…”
Todd Jackson Apr 11, 2024 ▶ 48:57 A framework for finding product-market fit | Todd Jackson (First Round Capital)
May 16, 2024 positive
Insight
Duggal: Companies must reinvent categories to dominate, not just improve incrementally
“At the company level, I think it's absolutely imperative. To be designing your own category so you can then dominate it and defining your own category. And even when you're entering a place where customers are spending money, I think going in with a mindset th…”
Jag Duggal May 16, 2024 ▶ 56:44 Be fundamentally different, not incrementally better | Jag Duggal (Nubank, Facebook, Google)
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