Insight
Moore: Product managers do not need specific industry backgrounds to succeed
“They don't have to have a background in the industry itself, so we do a lot of different B to B industry work. And you know, that helps you cut some of the research time down, but most of our clients bring that to us as opposed to us having to do that research…”
Insight
Moore: MVPs should test one specific hypothesis, not build infinitely scalable code
“The goal of the MVP is always to learn one specific thing. So with that specific learning of here's the one thing that we're testing out here's the one thing we want to know, it's not necessarily this graceful handoff that scales into infinity. It's a very qui…”
Insight
Moore: A software product does not need to exist to be sold
“To sell a product it doesn't have to exist. So we're not building something that doesn't exist. We're building something that tests a specific problem.”
Insight
Moore recommends MVP pod ratio of half PM, one designer, two developers
“I would suggest one product manager. And we actually split that. So that's myself between the two pods. But then one designer on a pod and then two developers. So it's kind of half product manager twice as much of that on design and twice as much of that on de…”
Disclosure
Moore: Vaporware charges $25k for early MVPs, $100k+ for mature businesses
“Typically like brand new, getting the market, doing some manual MVPs or lean customer development, like you're talking in 25 K kind of thing all the way up to existing businesses that have done this a lot and are willing to invest a lot more, kind of have more…”
Assertion Not checkable as stated
Moore: Vaporware generated $1.2M in 2019 revenue with eight employees
“So we were at eight last year did about 1.2 million.”
Assertion Supported
Moore: Experienced US product manager salaries start around $150k
“Probably where I'm sitting like we've gotten job offers from previous clients and stuff like that. I mean, you're looking at starting around a 150 K for that level of experience for a product manager.”
Assertion Not checkable as stated
Moore: Hiring an in-house tech designer costs $120,000 to $130,000
“They're pretty high up there as well. So probably around 120, 130, something like that.”
Disclosure
Moore: Vaporware capped workweeks at 40 hours with one day for internal growth
“So we stick to 40 hour work weeks. We did something for all of 2019, which was four four days a week on client work and one day on whatever you want, which a lot of it was growing the business kind of thing and going after new customers.”
Disclosure
Moore: Vaporware took equity deals for roughly 10% of clients in 2019
“So last year, I think we did it twice out of the 20 or so clients that we were looking at. So about 10% it was based on the people it was based on
as both the client people and the people inside of our company willing to take that risk.”
