Avni Patel Thompson

23 statements across 3 episodes · 7 bullish · 2 bearish · 1 people on the record · first statement Sep 21, 2017 by Avni Patel Thompson · said 2 times in 1 episodes since 2018 · across every show →

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

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2018 2 mentions in 1 episode

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Everything said about Avni Patel Thompson, oldest first

Sep 21, 2017
Assertion Not checkable as stated
Thompson: Poppy grew weekly bookings from four to ten across four weeks
“That day, I got my first booking, and that week, I got my first four. Every single week, I just set the goal to see if I could just grow 10 or 20%. Well, that next week, instead of just five, I hit six. The week after seven, the week after 10, I was blowing pa…”
Avni Patel Thompson Sep 21, 2017 ▶ 12:05 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017
Disclosure
Thompson: Co-founders invested $20,000 each of personal savings in first startup
“We had both invested about 20,000 dollars of our own savings, and we had figured if we'd launched, then we'll just be able to raise money then, and it'll all be wonderful.”
Avni Patel Thompson Sep 21, 2017 ▶ 5:14 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017 negative
Assertion Not checkable as stated
Thompson: Niche subscription box failed due to unsustainable customer acquisition costs
“The cost of acquiring these niche customers was just way too high, and it didn't make sense for the one or two boxes that they were buying.”
Avni Patel Thompson Sep 21, 2017 ▶ 5:53 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017
Insight
Thompson: Parents need a replacement village, not just sitter matchmaking
“And as I started talking to different people, I realized that the thing that they didn't need was a parent connecting to a sitter. The thing that wasn't being said was that we were all missing our village.”
Avni Patel Thompson Sep 21, 2017 ▶ 9:09 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017
Assertion Not checkable as stated
Avni Patel Thompson applied to Y Combinator three times before being accepted
“I applied to YC three times before getting in.”
Avni Patel Thompson Sep 21, 2017 ▶ 27:06 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017
Disclosure
Poppy founder Avni Patel Thompson is not a programmer
“I wasn't then, and I'm not now, a programmer.”
Avni Patel Thompson Sep 21, 2017 ▶ 10:14 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017
Insight
Thompson: Innovative startups have no experts aside from users
“You're trying to do something that's never been done before. There are no experts. The only way you can do this is by talking to your users, and then iterating your way forward, inching forward.”
Avni Patel Thompson Sep 21, 2017 ▶ 24:24 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Sep 21, 2017
Insight
Thompson: Curiosity and frustration are better motivators than passion
“The tricky thing about passion is that it can make you confident. It can make you feel like you know the answer. But with curiosity, it keeps you humble and it keeps you asking the questions. And frustration just gives you the motivation to get going.”
Avni Patel Thompson Sep 21, 2017 ▶ 23:49 Building a Startup is About Solving a Problem - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018 neutral
Insight
Thompson: Modern parents lack reliable support networks, not just babysitters
“As I started to hear that, I realized that what people weren't talking about was just needing a sitter or nanny. What they were missing was this idea of their village. And so everyone says it takes a village to raise a child, but you know, all of us are moving…”
Avni Patel Thompson Mar 2, 2018 ▶ 20:09 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018 positive
Insight
Thompson: Ask every rejecting investor for three introductions
“So every person, even if you say no, introduce me to three others. And that's sort of like this little kind of breadcrumb trail that leads you to all the craziest kind of places, but eventually you will find your people and a couple will tip and that's the mom…”
Avni Patel Thompson Mar 2, 2018 ▶ 35:25 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018
Insight
Thompson: Founders can validate a startup's viability within a four-week test
“And so if you use the construct of a four week test inside of four weeks, you can know whether you have something or if you don't.”
Avni Patel Thompson Mar 2, 2018 ▶ 27:13 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018 positive
Disclosure
Thompson and her spouse use a strict alternating primary parent schedule
“One is you have to be very specific about boundaries. And what that means for me is there's certain days that I'm on and I have to be a hundred percent founder. I can't think about, you know, it sounds sort of harsh, but I can't think about my kids and like al…”
Avni Patel Thompson Mar 2, 2018 ▶ 40:51 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018
Assertion Not checkable as stated
Thompson applied to Y Combinator three times before being accepted
“I applied to YC three times.”
Avni Patel Thompson Mar 2, 2018 ▶ 31:13 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018 neutral
Assertion Not checkable as stated
Thompson built Poppy's initial prototype with Squarespace, Typeform, Excel, and SMS
“Typeform, like Squarespace, I can do a four week trial, Typeform do signups and things like that. I can use Excel as a database. I can use a Google Calendar as a scheduler and SMS trying to connect it all.”
Avni Patel Thompson Mar 2, 2018 ▶ 24:51 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018 positive
Assertion Not checkable as stated
Thompson validated Poppy by emailing 15 parents and getting four bookings
“So literally sent an email to the 15 parents and just said, Hey, I've got these three amazing people. If you need them, just text this phone number. And I gave them a phone number as my phone number. And that day got our first booking and that week I got four.”
Avni Patel Thompson Mar 2, 2018 ▶ 25:26 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018
Insight
Thompson: Product-market fit solves friction so completely users have no choice
“Stripping it down for me again, I think about it from a consumer standpoint, product market fit has to do with the fact that you're solving their problem. You're solving their problem, the friction that they experience in their lives so well, so completely tha…”
Avni Patel Thompson Mar 2, 2018 ▶ 36:18 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018 positive
Insight
Thompson: Childcare support networks require vetting, matching, and scheduling
“And so for me, it was that if a village is a function of, you know, someone that you trust is a fit for your family from like a values standpoint and is there when you need them to be could you break it down from technology, from a vetting mechanism, a matchin…”
Avni Patel Thompson Mar 2, 2018 ▶ 21:04 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Mar 2, 2018
Disclosure
Thompson bootstrapped her first startup with $20K before shutting it down
“We spent about a year and truthfully about 20,000 dollars of personal money bootstrapping. And ultimately came to the realization that this was not a fundable, scalable company. And instead of running it as a small business and sort of like a lifestyle busines…”
Avni Patel Thompson Mar 2, 2018 ▶ 17:59 The Number One Goal is Getting Started - Avni Patel Thompson of Poppy · Y Combinator
Jan 30, 2019 neutral
What-if
Patel Thompson rejected pivoting Poppy into a profitable, high-priced boutique agency
“There was also an option to say, let's just make this a nice high-end tech-enabled agency, and folks were like, why didn't you just raise prices and do all that? I could have, I hundred percent could have, and turned it into a nice kind of like side business o…”
Avni Patel Thompson Jan 30, 2019 ▶ 51:03 What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac · Y Combinator
Jan 30, 2019 positive
Insight
Patel Thompson shut down Poppy quickly to conserve remaining runway for severance
“Every month that you continue to kind of persist, you're burning money, right? And for me, it didn't feel responsible to continue to do that. Instead, could I repurpose that and say, Hey, we're going to call it as quickly as possible, conserve a little bit of …”
Avni Patel Thompson Jan 30, 2019 ▶ 33:49 What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac · Y Combinator
Jan 30, 2019 negative
Disclosure
Patel Thompson shut down Poppy due to unscalable unit economics
“Recently decided that looking at all of the things the economics and everything that it wasn't a viable, scalable proposition. And so made the hard decision to shut it down in December”
Avni Patel Thompson Jan 30, 2019 ▶ 1:20 What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac · Y Combinator
Jan 30, 2019 positive
Disclosure
Patel Thompson shared exact bank balances and default dates with all employees
“Even towards the end, our investor update went to everybody. From the most junior folks to my COO I believe in transparency. I believe in educating people on what do the numbers mean. So, Even that very last investor update, every single person saw exactly how…”
Avni Patel Thompson Jan 30, 2019 ▶ 20:18 What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac · Y Combinator
Jan 30, 2019 positive
Opinion
Patel Thompson argues Poppy was not a failure despite lacking venture scale
“I think you could take a look and say Poppy was a failure. I think in some lenses, like that's the narrative, but I sort of pushed back on that because I don't think Poppy was a failure. Poppy set out to do and did the thing. Especially for thousands of parent…”
Avni Patel Thompson Jan 30, 2019 ▶ 50:37 What Shutting Down Your Startup Feels Like - Avni Patel Thompson of Poppy with Kat Manalac · Y Combinator
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