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Episode 1January 1, 2022
How to Come up with an Idea | Mallorie Brodie, Founder of Bridgit
About this episode
Building a successful startup starts well before the first prototype is created or the first investor goes all in.
It starts with customer discovery, and Mallorie Brodie has some unique insight into what that looks like. Now the cofounder and CEO of Bridgit, she started out as a college student eagerly chasing down construction cranes and listening to complaints. Today, she tells The Product Market Fit Show the secret to finding great startup ideas.
If you think you already know your market’s pain points, you’re probably doing it wrong.
Don't miss the next one
New episodes drop weekly.
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Follow the showTranscript
The full conversation.
Intro
0:00
The
conversations
were
going
from
"Yeah,
I'll
tell
you
about
my
day"
to
"We
need
to
have
this.
When
is
it
g
oing
t
o
be
ready?"
The
conversations
definitely
progressed
pretty
quickly
once
that
wire
framing
was
done,
and
I
think
once
they
r
eally
f
elt
like
we
really
were
serious
about
building
this.
And
then
at
a
certain
point,
we
were
like,
"Holy
shit!
We
really
need
to
build
this
now
because
we
will
have
customers
immediately."
Pablo (Host)
0:21
Welcome
to
the
product-market
fit
show
brought
to
you
by
Mistral,
a
seed
stage
firm
based
in
Canada.
I'm
Pablo,
I'm
a
founder
turned
VC.
My
goal
is
to
help
early-stage
stage
founders
like
you
find
product-market
fit.
Today
we
have
Mallorie,
the
co-founder
and
CEO
of
Bridgit.
Bridgit
is
a
construction
tech
company
that
today
offers
the
number
one
workforce
management
platform
for
the
construction
vertical.
Bridgit
is
based
in
Waterloo.
They
have
a
hundred
employees
and
have
raised
almost
$50
million.
Mallorie,
it's
a
pleasure
to
have
you
here.
Mallorie (Guest)
0:54
Thanks
so
much
for
having
me
on
the
show.
Pablo (Host)
0:56
The
topic
of
today's
episode
is
how
to
come
up
with
an
idea.
This
is,
it's
the
million-dollar
question,
right?
Because
if
you're...
and
I
remember
these
days,
pre-gym
track.
You're
an
i
nspiring
founder.
You
just
know
that
you
want
to
build
something,
that
you
want
to
start
a
startup,
and
you
don't
have
an
idea
of
what.
And
when
you
start,
you
read
all
these
things,
lean
startup
or
whatever,
it's
always
post-idea.
Once
you
have
an
idea,
here's
how
you
launch
an
MVP
are
tested,
how
you
ite
rated.
A
nd
a
lot
of
the
st
uff
is
kind
of
well,
you
should
just
have
an
epiphany,
some
idea
sho
uld
come
to
you,
and
then
you
roll
with
it.
And
your
story
of
how
the
idea
for
Bridgit
developed
was
a
lot
more
methodical.
I
think
that
this
is
going
to
be
very
helpful
to
founders
that
are
in
the
really
early
days
of
how
to
do
it
right,
how
do
w
e
g
o
through
process.
And
look,
it's
not
always
going
to
work,
you're
not
always
going
to
come
up
with
this
wonderful
idea,
just
because
you
go
through
these
steps
or
whatever,
or
t
hi
s
process,
but
the
example,
I
think
it's
goi
ng
to
be
really
helpful
to
give
a
sort
of
framework
of
the
sor
t
of
things
you
might
do
to
get
inspired
and
accomplish
some
thing
that's
worth
solving.
Let's
start
at
the
beginning.
Were
you
in
university?
Had
you
graduated?
What
was
happening
at
that
time?
What to do before the AHA Moment
Mallorie (Guest)
2:03
Going
back,
even
just
one
step
before
that,
I
remember
being
in
university
and
going
to
business
school
and
specifically
focusing
on
the
entrepreneurship
classes.
I
really
wanted
to
start
a
business.
And
as
soon
as
I
graduated
and
have
that
be
my
career.
But
I
remember
thinking
to
myself,
I
just
haven't
had
that
aha
moment
yet.
And
when
is
this
big
idea
going
to
hit
me,
then
I'll
be
able
to
start
a
business,
but
only
when
I
all
of
a
sudden
wake
up
one
morning
and
have
this
amazing
idea.
And
then
I
remember
actually
in
one
of
the
entrepreneurship
classes,
one
of
our
professors
had
us
do
this
new
venture
project.
What
he
said
to
us
was
essentially
find
a
sandbox
to
play
in,
an
industry
that
you're
excited
about
or
that
you
know
about,
and
just
start
talking
to
people
in
that
industry
and
start
trying
to
identify
a
problem
or
a
pain
point
that
you
might
be
able
to
solve.
That
really
stood
out
to
me
ultimately.
And
I
was
like,
maybe
I
don't
need
to
have
this
aha
moment.
Maybe
it
is
just
about
going
out
and
talking
to
people
that
could
be
our
customers
one
day.
Fast-forward
a
little
bit,
I
was
in
my
final
year
of
university
and
decided
to
apply
it
t
o
the
Next
36
program,
which
wa
s
a
n
accelerator
program.
And
my
business
partner,
Lauren,
also
applied
to
that
program.
We
didn't
know
each
other,
got
randomly
matched
up
on
a
team
together
and
the
very
first
night
of
the
program
connected
on
the
fact
that
both
of
our
families
had
been
in
t
he
construction
business
and
that
Lauren
also
was
a
civil
engineer
and
had
worked
on
site.That
very
first
night
we
were
like,
oh,
construction.
This
is
something
we're
both
excited
about.
We
know
some
people
in
the
industry.
This
is
going
to
be
the
sandbox
that
we
play
in,
but
we
don't
know
specifically
what
business
or
what
product
we
will
have,
but
let's
just
start
talking
to
people
in
the
construction
business.
That's
what
kicked
off
our
initial
research.
And,
at
first,
it
was
a
handful
of
interviews
with
friends
and
family
that
we
knew
in
the
space.
And
over
time
that
actually
turned
into
500
ons
ite
re
search
interviews
that
we
conducted
over
the
next
nine
Why Research Mode is KEY
Mallorie (Guest)
3:57
months
.
Pablo (Host)
3:57
This
is
what,
I
think,
is
so
important
to
your
story,
which
is
you
spent
a
lot
of
time
in
research
mode,
true
research
mode.
And
I
worked
with
probably
hundreds
of
pre
or
i
dea
stage
companies.
And
the
motion
is
the
same.
It's,
here's
my
idea.
Okay,
I'm
going
to
go
do
validation,
which
means
I'm
going
to
tell
10
people
that
here's
why
they
need
to
buy
it,
and
they're
going
to
nod
their
heads,
and
I'm
going
to
be
cool,
it's
val
idated,
r
ight?
That's
more
or
less
effectively
it.
And
the
ones
that
do
real
customer
discovery
oftentimes
find
out
it's
not
a
problem,
and
they
have
to
scrap
their
whole
idea
anyway.
And
that
is
probably
95%
of
the
idea
stage
companies
that
don't
make
it
to
traction
fail
because,
in
the
first,
place
they
just
weren't
solving
an
important
enough
problem.
And
that's
the
importance
of
being
in
research
mode,
which
is
if
you
do
it
right,
you're
very
unlikely
to
start
building
until
you've
identified
a
problem
that's
worth
building
for
because
you're
spending
so
much
time
in
that
sandbox.
Mallorie (Guest)
4:50
Yeah.
No
one
wants
to
be
a
dream
killer,
right?
So
if
you're
a
young
entrepreneur,
you're
going,
and
you're
like,
"I
have
this
amazing
idea.
What
do
you
think?"
No
one
wants
to
be
the
person
that
says,
"Your
idea
sucks,
and
I
would
never
pay
money
for
this."
They're
like
"Yeah,
that's
pretty
good."
Whereas
if
you
go
in,
and
you
actually
don't
have
an
idea,
there's
no
dream
to
be
killed.
You're
just
going
in
asking
about
their
challenges.
So,
you
get
a
lot
more
really
valuable
feedback
and
conversation
when
you're
not
actually
going
in
asking
someone,
is
this
good
or
is
this
bad
because
no
one
wants
to
be
the
person
that
says
it's
bad.
Pablo (Host)
5:20
That's
right.
And
I
think
this
is
so
important,
especially
for
younger
f
irst
t
ime
founders,
who
frankly
are
probably
not
an
expert
in
any
space.
It's
one
thing
if
you've
worked
in
the
industry
for
20
years
and
all
of
a
sudden,
something
happens,
and
you
realize
wow,
this
p
roduct
needs
to
exist.
Well,
maybe
you
already
have
done
customer
discovery
over
the
last
20
years.
You're
in
your
twenties,
you
don't
know
much
about
anything,
to
be
honest.
And
so
if
you
don't
spend
time
in
t
hat
research
mode,
there's
a
lot
of
assumptions
that
you're
baking
into
that
idea,
th
at
y
ou
need
to
really
go
and
flush
out.
Mallorie (Guest)
5:48
Yeah,
for
the
twenty-year
veteran,
it
might
feel
an
aha
moment,
but
really,
it
is
those
20
years
of
experience,
and
you're
just
kind
of
connecting
all
those
data
points
and
all
those
stories
together
to
come
up
with
that
idea.
But
really
you
w
ere
exactly,
as
you
just
said,
you
were
doing
that
customer
discovery
for
the
last
20
years
of
your
career.
Pablo (Host)
6:02
So
Step 1 - Pick the industry
Pablo (Host)
6:03
let's
start
at
the
first
step.
We'll
jump
into
the
questions
and
everything.
But
step
one
is,
if
I
understand,
it's
pick
an
industry.
You
picked
construction
because,
can
I
say
that
you
w
ere
passionate
for
it
or
i
t
j
ust,
was
it
c
lose?
I'm
just
curious,
you
could
pick
an
industry
in
so
many
ways.
You
c
an
just
go
and
be
top
10
hottest
industries
today.
Okay,
e-commerce
and
then
y
ou're
in
e-commerce.
Is
there
a
method
to
even
that
first
step?
Mallorie (Guest)
6:24
Yeah.
Starting
a
business
is
definitely
a
marathon,
and
so,
I
think
passion
is
important.
It
was
a
space
we
were
both
interested
in.
I
was
actually
thinking
of
going
to
apply
for
a
job
at
a
general
contractor.
Lauren
had
already
been
working
in
construction.
We
were
also
familiar
with
the
space.
So,
that
felt
we
would
be
able
to
access
more
of
these
initial
research
conversations,
at
least
for
the
first
handful
of
them.
We
were
lucky
in
that,
right
off
the
bat,
it's
a
huge
industry.
So,
we
weren't
concerned
about
market
size,
but
depending
on
what
the
industry
is
that
you're
choosing,
market
size
is
something
I
would
think
about.
And
then
just
the
trend
of
mobile
technology
was
pretty
obvious
to
us.
Right
at
the
beginning
that,
everyone
now
ha
s
a
smartphone
in
their
pocket
and
that
likely
was
an
opportunity
to
bring
more
technology
to
the
space.
So,
a
few
of
those
qualifiers
almost,
but
I
do
think
passion
is
important
because
if
the
business
is
successful,
it's
something
that
you're
going
to
be
working
on
for
many
years
to
come.
And
if
we
had
hated
working
in
the
construction
industry,
then
it
wouldn't
have
been
a
good
pic
k,
n
o
matter
how
good
the
opportunity
was.
Pablo (Host)
7:24
Passion
is
almost
an
edge
because
i
t's
just
going
to
make
you
work,
n
ot
just
w
ork
that
much
harder,
but
think
that
much
smarter
and
just
invest
that
much
more
time
and
energy
into
it.
And
without
it,
it's
going
to
be
a
roller
coaster,
so
it's
not
going
to
be
all
fun
and
games.
And
when
hard
times
hit,
you're
just
going
to
give
up
probably,
if
you
don't
care
enough.
Step
one,
you
Step 2 - Learn about the industry
Pablo (Host)
7:43
pick
an
industry,
cool.
Step
two,
you
started
mentioning
these
discussions
with
friends
and
family.
I
would
assume
y
ou
try
your
immediate
circle.
In
your
case,
you
had
that
luxury,
in
other
cases
you
might
not.
Tell
m
e
a
story,
what
were
those
very,
very
first,
literally
the
first
one
or
two
or
three
conversations.
If
it
was
with
friends
and
family
fine,
but
what
were
you
asking?
What
were
you
taught?
You
knew
very,
very
little,
I
would
think
at
that
point.
So,
what
was
that
like?
Mallorie (Guest)
8:13
We
were
really,
at
that
point,
trying
to
validate
whether
technology
in
general
was
seen
as
potentially
adding
value
to
the
industry
we're
operating
in.
So,
it
doesn't
matter
what
the
app
is
or
what
the
product
is,
was
there
a
willingness
to
consider
technology
as
something
that
could
bring
innovation
or
efficiency
to
the
space?
And
that
became
very
clear
right
away.
And
it's
kind
of
obvious
in
hindsight,
but,
we
were
like,
"Is
this
industry
going
to
be
really
resistant
to
that?
Is
there
a
desire
to
use
more
technology?"
So,
that
was
really
critical,
and
I
think
the
other
insight
we
discovered
was
not
about
a
specific
product,
but
was
that
people
love
to
complain.
If
you
ask
them
questions
about
what
their
challenges
are
and
what
is
taking
a
lot
of
their
time
at
work,
they
will
spend
so
much
time
with
you.
And
so,
that
was
really
the
tactic
that
we
ended
up
using
was
that
people
to
complain.
And
so
if
you
can
ask
those
questions
that
give
people
the
opportunity
to
talk
about
their
hardships
in
their
work
and
in
their
careers,
they
will
spend
a
lot
of
time
with
you
because
it's
almost
therapeutic
to
an
extent.
And
through
that,
we
were
able
to
gather
so
many
insights
and
pick
up
on
so
many
trends
of
the
things
that
were
frustrating
in
the
industry.
And
I
think
there's
often
this
temptation
to
always
go
in
and
be
the
expert,
and
especially
as
a
young
entrepreneur,
you
want
to
make
sure
that
you
come
across
as
smart
and
that
you
have
potential
to
have
a
great
idea,
but
in
my
opinion,
the
best
way
to
do
that
is
really
to
just
sit
back
and
listen
and
let
the
potential
prospect
own
the
conversation.
And
then
in
the
background,
you're
gathering
all
the
information,
all
the
data
points
to
find
those
themes
and
find
those
trends.
But
you're
really
just
asking
people
to
sit
and
complain
about
their
job
for
an
hour
with
you.
At
i
ts
most
basic
form,
that's
really
what
it
is.
Pablo (Host)
9:56
Did
you
do
any
market
research
in
order
to
be
a
little
smarter
in
these
conversations,
or
it
was.
I'm
curious,
almost
your
first
conversation,
which
I
assume
for
you
is
with
a
family
member,
y
ou
just
went
in
and
be
like,
"Hey,
t
ell
m
e
about
construction,"
or
how
much
did
you
know
going
in,
how
much
work
did
you
do
that's
more
kind
of
academic
that
you
could
do
it
o
n
a
computer?
Mallorie (Guest)
10:15
I
would
say
the
first,
probably
20
conversations
we
had
were
quite
open-ended:
What
is
your
role
in
th
e
s
pace?
What
are
the
other
types
of
people
that
you
work
with?
What
type
of
work
does
your
company
do?
All
of
that.
And
after
we
had
about
20
conversations,
we
really
started
to
understand
the
different
stakeholders,
how
they
wo
rk
t
ogether.
We
probably
didn't
come
across
as
insightful,
or
we
ma
ybe
n
e
eded
t
o
ask
more
of
those
basic
conversations
in
the
first
few,
but
you're
listening
and
learning
quickly.
And
then
you
can
get
to
more
of
the...You
don't
need
to
ask,
how
does
the
engineer
work
with
a
general
contractor
an
d
c
onversation
21
because
you've
already
heard
that
it's
the
same
in
every
circumstance,
so
you
can
jump
right
into
what
the
engineer's
challenges
are,
for
instance.
I
think
some
of
those
preliminary
interviews,
we've
had
more
of
those
basic
questions
and
that
kind
of
evolved.
We
actually
didn't
do
a
ton
of
online
research
or
more
academic
research
o
utside
of
just
trying
to
map
the
actual
market
opportunity.
All
of
t
he
customer
discovery
is
really
getting
out
there
and
talking
to
potential
customers.
How to get in front of industry experts
Pablo (Host)
11:14
You
have
your
first
few
conversations,
not
much
market
research,
and
a
lot
of
those
are
kind
of
calm
,
warm
leads,
right?
People
that
you
know,
or
you
have
mutual
introductions
to
or
whatever,
at
some
point
you
make
the
leap,
and
you
go
into
completely
net
new
people
in
the
construction
world.
Who
was
the
first
one?
A
nd,
and
how
did
you...
I'm
curious
about
all
the
details
around
that.
Because
people
will
say,
I
want
to
start
an
e-commerce
company.
I
don't
know
anybody
in
e
-c
ommerce.
How
do
I
get
in
front
of
somebody
that's
running
an
e-commerce
site
and
get
them
to
give
me
time?
Who
do
I
go
after?
All
those
things.
In
your
case,
construction,
how
did
you
go
and...that
kind
of
the
first
one
or
two
or
three,
what's
that
story
of
who
it
was,
how
you
got
to
them
and
then
how
you
got
them
to
give
you
time
and
then
so
on?
Mallorie (Guest)
12:04
There
was
really
three
tactics
that
we
used.The
first
one
was
anyone
we
talked
to,
we
asked
,
"Is
there
anyone
else
that
you
think
would
be
willing
to
speak
to
us
for
15
minutes?"
So,
you're
not
taking
up
an
hour
of
their
time
or
an
hour
and
a
half
of
their
time,
15
minutes,
you
can
even
get
a
lot
of
information,
and
it's
a
very
low
commitment.
So,
that
helped
expand
the
potential
number
of
people
that
we
could
do
the
research
with.
The
second
was
because
we
were
just
graduating
from
Western
university,
we
had
access
to
a
lot
of
the
alumni
databases.
So,
we'd
use
those
to
actually
reach
out
to
folks
that
had
been
to
Western
university.
There's
some
sort
of
common
connection
there.
We're
doing
research
on
this
potential
business
idea,
because
we
were
just
graduating
from
Western
university,
we
had
access
to
a
lot
of
the
alumni
databases.
So
we'd
use
those
to
actually
reach
out
to
folks
that
had
been
to
Western
university.
There's
some
sort
of
common
connection
there.
We're
doing
research
on
this
potential
business
idea,
o
r
we
don't
even
have
and
idea
yet.
Pablo (Host)
12:43
How
much
did
you
use
that
line?
I'm
a
student
doing
research.
Mallorie (Guest)
12:45
All
the
time
yes.
Take
it.
If
you
are
a
student,
and
you're
watching
this
video,
everybody
wants
to
help
students.
So,
completely.
That
is
such
an
opportunity
that
you
don't
necessarily
have
,
later
down
the
road.
So,
definitely
leverage
that.
Then
the
third
thing,
which
is
definitely
specific
to
construction
,
but
we
literally
just
walked
onto
job
sites.
We
would
drive
around
in
the
morning
before
class,
we
would
see
cranes
in
the
sky.
We'd
be
there
was
a
construction
site.
We'd
go
to
Tim
Horton's,
we'd
get
coffee,
we'd
get
Timbits,
we'd
walk
onto
the
site,
and
we'd
say,
"Hey,
can
we
chat
with
you
for
15
minutes?
We
brought
you
some
coffee,
we're
trying
to
start
a
business.
We
just
want
to
learn
more
about
the
industry
and
the
role
that
you
have."
Pablo (Host)
13:23
You
had
a
name
for
this
whole
excercise.
13:25
Crane
hunting
we
called
it,
yeah.
And
we'd
show
up
to
class
with
our
steel-toe
boots
and
hard
hats,
and
everyone
was
what
are
you
doing?
And
we
were
like,
"We're
going
crane
hunting."
Pablo (Host)
13:35
I
need
to
hear
that.
You
find
a
crane,
you
drive
there
,
what
happens?
Mallorie (Guest)
13:39
First
of
all,
we
were
in
my
mom's
old
Sebring
convertible.
That
just
stuck
out
so
much
on
a
job
site
where
it's
big
trucks,
and
you
have
this10
year
old
Sebring
convertible
driving
up
onto
the
job
site.
Sometimes
we'd
park
out
a
block
away
because
we
were
embarrassed.
Then
we
would
walk
up
to
the
job
site.
In
larger
cities
there's
much
more
security
on
job
sites,
but
in
London,
Ontario,
where
we
were,
there
wasn't
too
much
security.
We
have
our
PPE
on,
our
steel-toe
boots,
and
our
hard
hats,
and
we'd
walk
on
site,
and
we
would
just
go
right
into
the
site
office,
the
trailer
on
site,
and
we
would
just
knock
on
the
door
and
someone
would
answer,
and
they'd
be
like,
"What
are
you
guys
doing
here?"
And
we'd
be
like,
"Well,
we're
two
students
at
Western,
we
are
really
hoping
to
start
a
business
that
can
bring
technology
to
the
construction
industry.
Could
we
talk
to
you
for
15
minutes,
either
now
or
if
there's
another
time
that
we
can
come
back
that
is
better,
we'd
love
to
just
pick
your
brain."?
And
then,
they'd
be
like,
"Okay.
Yeah,
I
have
time
right
now."
And
then
we'd
be
like,
"Here's
your
coffee,
here's
your
donuts."
Pablo (Host)
14:41
This
is
a
site
manager?
Who's
the
person
in
that
trailer?
Mallorie (Guest)
14:44
There
was
typically
the
project
manager
or
the
site
super.
And
initially,
we're
interviewing
all
different
types
of
stakeholders.
We
were
open
to
talking
to
anyone
because,
again,
we
didn't
actually
know
what
problem
we
were
going
to
solve
yet.
Then
depending
on
how
the
conversation
went
with
them,
we
would
say,
"Hey,
can
we
come
back
another
time
and
ask
you
more
questions
when
we're
further
along?"
And
they
would
always
say
yes,
they'd
give
us
their
contact
info.
Some
of
them
also
then
invited
us
to
the
shadow
some
of
their
meetings
on
site
because
they
were
interested
in
what
we
were
doing.
Then
we'd
get
to
go
back
and
just
listen
to
the
meetings
they
were
having
for
two
hours
and
take
notes.
There
was
a
handful
of
people
that
let
us
go
back
to
their
site
literally
all
the
time
even
as
we
got
into
the
actual
idea.
Pablo (Host)
15:25
I
once
heard
this
kind
of
rule,
when
you,
when
you
talk
to
new
people,
you
have
this
kind
of
10-80-10
rule.
Where
80%
is
of
status
quo.
They'll
be
like,
"Yeah,
sure.
I'll
give
you
15
minutes,
whatever,
and
that's
it."
Ten
percent
are
dicks,
and
they'll
be
like,
"No,
get
out
of
here."
But
then
you
have
the
10%
who
are
just
stars.
They
are
like,
"Yes,
100%."
They
give
you
30
minutes,
they
introduce
you
to
everybody.
Was
that
more
or
less
your
experience?
Mallorie (Guest)
15:48
I
had
never
heard
of
that
specific
role,
but
basically.
And
I
would
say
even
fewer
actually
told
us
to
get
lost,
which
was
nice.
I
think
that
only
happened
one
time.
Other
than
that,
everyone
was
willing
to
give
us
time,
but
there
was
definitely
a
few
of
those
standouts
where
we'd
go
back
to
their
site
every
single
week.
Anytime
we
had
another
question,
they
said,
"Just,
call
us,
email
us.
We're
happy
to
answer."
We
definitely
had
a
few
folks
that
just
spent
so
much
time
with
us,
which
in
hindsight,
I'm
like,
"Wow,
why
did
they
do
that?
That
was
so
nice."
But
it
definitely
helped
us
actually
launch
the
business.
And
I
think
it
spoke
to
the
fact
that
we
were
really
starting
to
dig
into
a
real
pain
point
that
they
had,
that
they
had
helped
us
discover.
Pablo (Host)
16:25
How
many
weeks
or
months
that
you
spend
in
this
kind
of
research
phase?
How
many
sites
did
you
end
up
going
to?
Mallorie (Guest)
16:33
The
exact
number
of
sites?
I
don't
know,
but
we
spoke
to,
literally,
hundreds
of
people
in
the
industry,
phone
calls,
job,
site
visits,
et
cetera.
That
was
partially
because
we
did
not
have
a
technical
co-founder
on
the
team.
And
as
part
of
the
Next
36
program,
you
had
to
meet
these
milestones,
and
we
were
like,
"We
can't
actually
build
the
product
yet.
So
let's
just
do
more
research.
Then
we'll
hit
the
milestones
by
doing
more
research.
So,
it
kind
of
fell
into
it
in
a
way,
but
it
ended
up
being
the
best
possible
thing
we
could
do.
And
I
think
because
we
were
going
to
have
to
pay
someone
to
build
the
product,
it
wasn't
a
founder
of
the
company
that
was
sort
of,
sweat
equity
in
the
early
days,
we
had
to
get
it
right
because
we
could
not
afford
to
build
the
wrong
product.
That
also
was
a
further
incentive
to
just
do
all
of
that
research.
In
total,
it
was
probably
six
months
of
not
even
building
anything,
just
doing
research
as
we
were
finishing
up
our
degrees,
and
then
we
hired,
a
couple
of
co-ops
from
Waterloo,
and
they
built
the
first
version
of
the
product
in
the
summer.
Once
we
had
that,
we
were
able
to
get
letters
of
interest
signed
saying
that,
if
you
actually
fully
build
this
product,
we
would
be
willing
to
pay.
That
helped
us
get
$250,000
of
investment
and
then
throughout
the
fall,
for
another
three
or
four
months,
we
did
pilot
sites,
10
pilot
sites,
actually
testing
the
software
and
iterating
on
the
software.
At first, do not build
Pablo (Host)
17:57
Did
the
fact
that
you
didn't
have
a
technical
co-founder
help
relieve
pressure
because
sometimes
what
happens
in
this
exact
research
mode
stage,
founders
want
to
build.
The
desire
is
always
to,
okay,
cool,
let's
get
going.
Let's
figure
out
what
the
idea
is
and
let's
build
some
shit
and
let's
sell.
And
if
you
have
a
technical
co-founder,
would
that
have
made
you
rush,
you
think,
a
little
bit?
Because
then
this
p
erson
sitting
around
like,
"Hey,
let
me
build
something
I
need
to
code."
Mallorie (Guest)
18:23
Yeah,
absolutely.
And
I
think
at
the
time,
we
were
like,
"This
is
such
a
massive
challenge.
Oh
my
goodness,
we
don't
have
this
person."
It's
obviously
a
critical
role,
I'm
not
downplaying
that
at
all.
It
caused
us
so
many
challenges,
not
having
that
person
at
various
points
in
time.
But
in
the
beginning,
I
think
the
fact
that
we
weren't
under
any
sort
of
pressure
to
really
start
building
the
product
made
sure
that
we
really
understood
the
market,
we
really
understood
the
pain
point
we
were
solving,
we'd
spent
so
much
time
in
wire
framing
and
iterating
on
what
the
product
would
actually
look
like,
that
by
the
time
the
product
was
actually
built,
we
nailed
it.
We
really
nailed
it.
There
was
other
things
we
didn't
nail,
but
the
product
we
nailed.
I
do
think
that
research
was
really
valuable.
Pablo (Host)
19:04
Right.
I
think
what
that
leads
to
is,
of
course,
having
a
technical
founder
is
critical.
And
if
you
happen
to
start
a
company
with
a
technical
founder
from
day
one,
it
just
means
probably
both
people
need
to
be
in
the
trenches
doing
this
research
mode
versus
thinking,
well,
I'm
a
tech
person,
so
I'm
going
to
build.
Now
today
everybody
is
just
a
researcher
and
tomorrow
I
might
be
the
salesperson,
and
you're
the
builder.
Mallorie (Guest)
19:25
No,
I
would
totally
encourage
them
to
get
involved
because
down
the
road,
as
the
team
grows,
you're
trying
to
explain
to
your
team
what
problem
it
is
that
you're
solving.
If
you
have
that
firsthand
research,
and
you
can
explain
to
the
other
software
developers
or
testing
or
designers
or
product
managers
like,
"This
is
what
we
heard
in
the
field.
This
is
why
this
type
of
thing
matters,
or
this
is
why
we
need
to
make
sure
that
the
user
experience
is
designed
in
this
way
because
they're
on
a
job
site,
they're
running
around
all
day.
They're
not
sitting
down
at
their
computer."
Those
types
of
insights
are
so
helpful.
And
I
think
for
the
tech
leader
to
have
those
insights
is
really
valuable.
I
totally
agree.
No
matter
what
your
role
is
in
the
company,
you
should
be
involved
in
that
early
customer
discovery
work.
Step 3 - Find a pain point
Pablo (Host)
20:07
At
what
point
do
you
move
towards
really
finding
pain
points
and
what
were
some
of
the
early
signs
you
start
to
see
that
start
to
make
you
think
okay,
it's
one
of
these
three
pain
points,
or
these
are
the
big
things
that
really
are
worth
solving.
What
are
the
things
you
start
to
hear?
Mallorie (Guest)
20:24
We
started
hearing
about
two
or
three
different
workflows
that
were
getting
complaints.
Basically,
that
they
were
complicated,
time-consuming,
et
cetera.
And
then
we
started
to
dig
into
them
more
and
ask
more
specific
questions
around,
"Walk
us
through
your
punch
list
process.
Walk
us
through
your
change
order
process."
Then
we'd
go
deeper
into
those
specific
workflows
and
ask
more
questions
about
that.
Then
we
started
to
pick
up
on...there's
certain
processes
that
were
bad
and
painful,
but
technology
wasn't
necessarily
the
solution
to
them.
It
was
just
the
way
the
contracts
were
set
up,
or
it
was
the
way
the
stakeholders
actually
made
more
money.
They
wanted
certain
things
to
operate
slowly,
not
be
more
efficient.
We
got
into
all
these
nuances,
where
there
was
one
in
particular
where
it
just
seemed
everyone
was
aligned
to
make
it
better.
It
was
costing
a
lot
of
money.
Technology
truly
was
what
the
solution
could
be
to
that
problem.
Then
we
really
focused
in
the
research,
the
final
phase
of
researches.
Essentially,
validating
that
the
punch
list
management
process
worked
the
same
way
across
all
these
different
general
contractors.
Then
we
talked
to
dozens
of
GCs,
just
about
their
punch
list
management
process
to
make
sure
that
the
product
was
built
in
a
way
that
was
flexible,
but
still
generic
enough
that
it
was
a
single
solution
that
could
fit
for
the
full
industry.
Step 4 - Build MVP
Pablo (Host)
21:43
As
you're
building
this
solution,
you
still,
I
think,
don't
have
a
technical
co-founder.
You
don't
really
go
into
build
mode,
it's
more
wire
framing
and
product
features.
I
think
you're
trying
to
design
an
MVP.
What's
this
next
step?
Now,
what
questions
are
you
asking?
Mallorie (Guest)
22:04
The
first
thing
we
did
is
we
leveraged
existing
apps
that
had
some
of
the
features
we
imagined
would
be
in
our
product.
A
photo
markup
tool,
for
instance,
we
knew
that
you'd
be
able
to
take
a
picture
and
mark
it
up
in
the
platform.
But
there
was
other
apps
that
did
just
that.
Then
we
would
ask
someone
to
use
this
app
out
for
a
couple
of
days.
If
you
email
us
the
photos,
we'll
put
into
a
nice
report
for
you,
so
you
can
send
it
out,
let
us
know
what
you
think,
how
do
you
like
that
feature
set,
etcetera.
That
required
very
little
effort
on
our
part.
There's
other
apps
that
are
similar
that
they're
willing
to
test,
then
you
can
get
good
feedback
in
that
way.
The
next
step
was
to
essentially
wireframe
it.
We
just
did
everything
in
PowerPoint,
originally
the
[inaudible]
more
of
an
actual
wire
framing
tool.
And
we
just
said,
"This
is
where
you
would
log
in.
This
is
what
the
home
screen
would
look
like.
This
is
how
it
would
work,"
and
then
they
would
give
us
feedback.
Then
in
other
cases,
we
just
would
give
them
the
wireframe
and
say,
"Talk
us
through
what
you
think
you
would
push,
at
what
phase
and
what
you
think
each
button
would
do.
Does
this
make
sense
for
your
workflow?
Does
it
not
make
sense?
What
is
your
feedback?
What
do
you
think?"
That
kind
of
evolved
into
the
wire
framing
stage.
From
there,
we
actually
had
the
app
building
that
a
very
basic
version
of
the
app,
was
the
final
step.
Step 5 - Look for validation
Pablo (Host)
23:24
When
did
you
know
you
were
really
onto
something
that,
you
know
what,
this
is
it,
we're
going
to
build
something
here.
And
a
lot
of
people
are
going
to
buy
it.
Mallorie (Guest)
23:31
We
would
have
comments
like
"If
you
change
the
way
the
punch
list
process
works,
you
will
change
the
industry,"
and,
"If
you
guys
build
this,
this
is
exactly
what
we
need.
This
would
totally
solve
our
problem,"
or
"We're
going
to
introduce
you
to
our
CIO
because
we
need
to
be
using
this
on
every
project."
The
conversations
were
going
from
"Yeah,
I'll
tell
you
about
my
data.
We
need
to
have
this.
When
is
it
going
to
be
ready?"
The
conversations
definitely
progressed
pretty
quickly
once
that
wire
framing
was
done.
And
I
think
once
they
realized
that
we
really
were
serious
about
building
this.
Then
at
a
certain
point,
we
were
like,
"Holy
shit!
We
really
need
to
build
this
now
because
we
will
have
customers
immediately."
Pablo (Host)
24:10
So,
you're
really
feeling
that
pull.
And
then,
if
I
understand
correctly,
you
moved
from
that
to
these
letters
of
interest,
letters
of
intent.
What
was
that
process
like?
How
many
did
you
get
signed?
And
maybe,
actually,
if
we
could
dive
into,
what
is
a
letter
of
intent
what's
in
there?
Is
it
binding,
non-binding?
What's
that
look
like?
Mallorie (Guest)
24:27
So,
it
was
non-binding,
and
it
was
just
a
one-page
document
that
basically
said
if
we
build
the
product
that's
outlined
in
the
attached
wireframes
then
your
company
is
interested
in
purchasing
that
product
for
X
number
of
dollars,
on
a
three-month
trial
period.
Do
you
agree?
Yes
or
no?
But
then
it
says
it's
non-binding.
What
we
discovered
by
doing
that
was
a
lot
of
people
are
look,
I
really
want
the
product,
but
I'm
actually
not
in
charge,
so
you're
going
to
have
to
talk
to
my
boss.
And
then
we're
like,
"That's
interesting."
We
didn't
know
who
had
budget
approval
at
that
point
in
time
in
the
research.
So,
it
actually
starts
educating
you
on
the
buying
process.
That
was
really
helpful.
And
if
there
were
any
other
people
that
had
just
been
nice
to
us
the
whole
time,
it
became
very
clear
that
they
weren't
actually
serious,
and
they
were
just
being
nice
to
us.
Then
we
weed
them
out.
Cause
even
though
it's
not
binding,
you're
still
signing
something,
you're
still
putting
your
name
on
it.
It
just
makes
it
more
real.
The
way
we
were
able
to
leverage
those
letters
because
we
didn't
actually
have
enough
money
to
build
the
full
product.
We're
able
to
leverage
that
to
go
out
and
do
a
small
angel
round,
so
we
could
actually
build
the
product.
Pablo (Host)
25:36
Got
it.
Now
I've
done
the
letter
of
intent
thing
too.
And
when
we
launched
in
travel,
we
had
25
gyms,
signed
letters
of
intent
that
were
non-binding,
they
were
also
one
page,
just
kind
of
three
sentences.
And
I've
always
thought
since
then
-
I'm
curious
on
your
thoughts
too
-
I'm
personally
never
doing
that
again.
I'm
putting
a
real
contract
down,
and
I'll
get
less
of
them.
You're
not
going
to
get
25
of
them,
but
I'm
trying
to
get
two
pre-orders,
and
I'll
put
in
whatever
guarantees,
I
don't
care.
It'll
say
listen,
when
it's
ready,
it's
a
contract
though,
but
it's
when
it's
ready,
you'll
pay
me
this
much,
and
you
have
a
90-day
money-back
guarantee.
If
you
tell
me
you
don't
like
it
for
any
reason,
I'll
refund
you,
and
you'll
be
the
first
one
to
get
it,
all
these
things.
And
my
thing
is,
if
somebody
is
going
to
buy
in
six
months,
and
you
give
them
all
the
guarantees,
and
you
cut
out
any
sort
of
objections,
then
they
should
buy
it
today.
Do
you
think
you
could
have
done
that
and
had
real
POs
at
that
point?
Or
is
there
any
reason
why
it
wouldn't
have
worked?
Mallorie (Guest)
26:34
I
think
it's
possible
it
could
have
worked.
When
we
launched
our
second
product,
actually,
a
couple
of
years
ago,
we
did
do
that.
They
were
actual
sales
agreements,
but
again,
with
sort
of
all
these
different
opportunities
to
leave
the
contract
if
it
was
not
a
fit,
but
our
company
was
much
more
established
at
that
point
in
time.
We're
a
50-person
company,
and
we
had
raised
some
capital,
and
we
weren't
just
two
university
kids
trying
to
build
a
software
product.
I
think
I
had
more
of
the
confidence
that
we
could
actually
deliver.
Whereas
in
those
early
days,
I
don't
think
I
would
have
wanted
to
sign
contracts.
I
didn't
know
if
we
were
actually
going
to
be
able
to
build
this
product.
I
didn't
know
if
it
was
going
to
come.
I
didn't
know
how
long
it
was
going
to
take
me
and
if
it's
going
to
take
triple
the
time
that
we
were
putting.
So,
I
personally
felt
more
comfortable,
but
I
think
as
a
second
time
entrepreneur,
or
even
being
in
a
business
where
we're
launching
additional
products,
I
agree
with
the
approach
to
just
get
the
contract
signed.
Pablo (Host)
27:30
So,
that's
great.
The
idea
is
there,
you've
gone
these
LOIs
and
how
much
did
those
LOIs
help
to
fundraise?
Mallorie (Guest)
27:39
I
think
it
just
helped
validate
all
of
the
research
we
had
done
because
investors
were
like
"Okay,
not
only
did
you
do
the
research,
but
you
asked
the
tough
question,
are
you
willing
to
pay
for
this
product?"
And
that
takes
a
lot
of
risk
out
of
a
super
early
angel
investment,
obviously
still
so
much
risk
at
that
stage.
I
think
it
was
very
significant
and
that
we
were
already
thinking
about
how
are
we
going
to
monetize
this
thing?
And
after
having
done
all
the
research,
investors
were
like,
"Okay,
if
I'm
going
to
make
a
bet
on
construction
tech,
this
one
seems
a
pretty
good
bet
to
make
given
all
the
research
they've
done
and
the
willingness
to
pay
from
some
of
these
LOIs
,"
was,
I
think,
a
huge
validation
for
raising
that
capital.
Recap
Pablo (Host)
28:21
Awesome.
Well,
Mallorie,
I'll
stop
it
there.
Just
to
recap,
I
think
many
founders
start
by
doing
the
easy
thing,
which
is
building
a
product,
and
then
they
have
to
do
the
hard
thing,
which
is
getting
that
product
sold.
You
flipped
it
around,
and
you
spend
a
lot
of
time
in
research
mode.
You
picked
an
industry
that
you
were
passionate
about
and
just
started
really
understanding
what
the
day-to-day
was
like,
what
the
challenges
were
like.
Finally,
finding
a
very
major
pain
point
and
then
building
a
solution
to
solve
a
problem
that
you
know,
is
a
100%
real,
turning
that
potential
solution
and
validating
it
with
LOIs,
raising
money,
and
then
using
all
those
conversations,
those
hundreds
of
people
you've
spoken
to,
as
a
pipeline
to
get
to10K
MRR
almost
on
day
one
of
product
launch.
That's
been,
it's
been
an
amazing
story
and
a
pleasure
having
you
on
the
show.
Mallorie (Guest)
29:14
Thanks
for
having
me,
Pablo.
Good
luck,
everyone.
Pablo (Host)
29:17
Thanks
so
much
for
listening.
If
you
want
to
see
more
content,
check
out
pmf.show.