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Episode 39June 8, 2026
EP 40 - Amigo AI - V2
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The full conversation.
Dollars Exchanging Hands
0:00
Validation
is
dollars
exchanging
hands.
I
can
go
talk
to
50
of
my
friends
and
be
like,
what
do
you
think
about
this
idea?
And
it
was
like,
they're
wrong
offend
you.
Like,
oh,
that's
a
great
idea.
100%.
And
so
I
was
like,
no,
no,
no,
no,
no.
None
of
that
is
real
validation.
You
know,
we
had
47
no's
straight
before
our
first
yes,
as
an
example.
Like,
it
was
a
lot
of
like,
no,
no,
no,
no,
no.
And
then
by
the
end
of
the
journey,
it
was
like,
hey,
uh,
yeah,
I'll
wire
you
the
money
without
meeting
you.
It's
like,
I
have
heard
through
the
grape
line
that
you
have
a
term
sheet
or
multiple
term
sheets.
I've
heard
sort
of
what
you're
doing.
Where
do
I
wire
the
money?
If
you
cancel
the
first
two
million
yourself,
like,
first
of
all,
how
are
you
gonna
attract
the
world's
best
AEs
to
come
work
for
you?
The
world's
best
sales
team
is
not
gonna
respect
a
founder
who
can't
do
it
themselves.
If
you're
gonna
bring
on
an
AE
and
say
your
one
quota
or
target
is
a
million,
a
million
and
a
half.
If
you
yourself
haven't
done
that
in
six
months,
you
don't
have
a
right
to
say
this
is
possible.
You
have
the
ability
to
do
this.
Basically,
we
double
the
company's
revenue
overnight
with
one
new
customer.
And
we're
like,
oh,
great,
yes,
we
have
such
a
good
fit
here.
Let's
go
and
focus
only
on
that.
And
then
we
did
the
hard
decision
of
actually
churning
everybody
else.
Fully
refunded
them,
found
them
a
new
home,
like
made
them
whole,
but
we
stopped
working
with
what
percent
of
your
revenue
was
that
at
the
time?
100%
of
our
old
revenue
we
churned.
Everybody.
We
started
from
scratch
on
the
revenue
side
of
things
and
rebuilt
from
the
ground
up,
but
we
crossed
our
previous
high
within
two
months
and
then
like
5x
that,
and
then
10x
that's
product
market
fit.
Product
market
fit.
Product
market
fit.
I
called
it
the
product
market
fit
question.
Product
market
fit.
Product
market
fit.
Product
market
fit.
Product
market
fit.
I
mean,
the
name
of
the
show
is
product
market
fit.
Do
you
think
the
product
market
fit
show
has
product
market
fit?
Because
if
you
do,
then
there's
something
you
just
have
to
do.
You
have
to
take
up
your
phone,
you
have
to
leave
the
show
five
stars.
It
lets
us
reach
more
founders
and
it
lets
us
get
better
guests.
Thank
you.
Ollie,
Lightning Strike Product Market Fit
1:49
what's
up,
man?
Welcome
to
the
show.
Thank
you.
Good
to
be
here.
So
you've
built,
I
mean,
everybody's
talking
about
AI
agents.
You've
built
a
platform
of
AI
agents
for
the
healthcare
sector.
You've
raised
over
15
million,
almost
20
million
uh
so
far,
just
raised
the
series
A.
So
we're
gonna
get
into
all
that,
what
happened,
how
it
happened,
all
the
pivots,
all
the
all
the
shit
you
have
to
go
through
to
build
something
like
this.
But
to
start
off,
because
this
is
the
product
market
fit
show,
when
did
you
feel
like
you'd
found
true
product
market
fit
and
why?
You
know,
where
were
you?
When
was
it?
What
happened?
One
of
the
biggest
deals
we
ever
signed,
which
was
our
very
first
deal,
which
was
like
a
multi-six-figure
contract,
got
signed
in
16
days
during
Christmas
and
New
Year's,
right?
When
the
world
is
asleep,
when
the
world
sort
of
shuts
down,
generally
speaking.
They
came
inbound
and
that
felt
to
me
like
we
had
sort
of
struck
lightning.
Because
it
like
very
clearly
indicated
that
a
fairly
larger
company,
relative
to
us
at
the
time,
cared
so
deeply
and
has
such
a
big
hair
on
fire
problem
that
their
execs
were
wanting
to
work
through
Christmas,
through
New
Year's,
in
a
very
short
period
of
time
and
sort
of
go
through
this
process
with
us
and
take
a
bet
on
a
fairly
early
stage
company.
That
was
the
first
moment,
I
would
say.
And
then
the
following
three
to
four
months,
that
feeling
of
we
were
closing
larger
and
larger
enterprise
deals.
Well,
what
kind
of
ACB
are
we
talking
about,
more
or
less?
We're
talking
um
150
to
300K.
Okay,
meaningful.
Yeah,
meaningful,
exactly.
As
in,
like,
you
know,
we're
looking
at
CEOs
are
only
signing
off
on
this,
like,
this
is
not
bottoms
up,
there's
no
PLGs,
pure
play.
You
know,
what
at
the
time
for
us
especially
was
considered
quote
unquote
enterprise.
We've
now
moved
even
more
up
market.
But
at
that
moment,
that
first
240k
deal
was
the
largest
deal
we
had
ever
signed
in
the
history
of
our
company.
And
we
had
done
it
in
like
sub-20
days
through
Christmas
and
New
Year's.
Every
few
weeks,
then
we
were
signing
deals
like
that.
And
that
feeling
of
like
the
market
is
pulling
the
product
out
of
you
versus
you
are
pushing
it
into
the
market,
that
feeling
is
very
distinct.
And
I
started
feeling
that
over
and
over
and
over.
And
that
gave
us
the
signal
that
we
were
on
the
right
track
and
that
we
had
sort
of
struck
a
nerve
in
terms
of
the
product
and
platform
and
infrastructure
we
had
built
with
this
really
good
match
in
terms
of
the
pain
points
that
a
lot
of
our
customers
were
feeling.
Everybody
will
tell
you
that
there's
no
number
that
indicates
product
market
fit,
like
when
you
hit
a
million
or
two
million
or
whatever.
But
when
you're
signing
100K
plus
deals
consistently,
you
know,
and
especially
fast
paced
and
you're
just
getting
through
cycles
and
it's
a
high
priority,
it's
almost
impossible
to
not
feel
like
you
have
true
PMF
because
it's
just
it's
real
money.
You
know,
nobody's
spending
that
money
unless
they
feel
they
really
need
that
product,
which
leads
me
to
that
question.
Like,
tell
me
a
bit
more
about
that
product
at
that
point,
because
I
know
it
changed
before.
We'll
get
to
that.
But
at
that
point,
what
was
the
product
that
you
were
selling
that
was
resonating
so
clearly?
Yeah.
The Healthcare AI Agent Platform
4:34
So
we
were
very
focused
on
and
still
are.
We
think
of
ourselves
and
have
had
sort
of
framed
ourselves
as
an
infrastructure
and
platform
layer
to
build
healthcare-specific
agents,
especially
those
agents
that
were
able
to
perform
tasks
and
works
generally
that
is
has
high
risk
of
failure,
right?
In
healthcare,
there's
a
lot
of
back
office
administrative
functions,
there's
a
lot
of
rev
cycle
type
of
building
that's
happening.
We
started
our
journey
being
focused
on
patient-facing
agents,
patient-facing
agents
in
what
I
call
subclinical
use
cases.
Think
like
med
adherence
and
side
effect
management,
think
like
post-discharge,
post-surgery
recovery,
et
cetera,
et
cetera,
where
messing
up
and
like
cost
of
failure
is
extremely
high.
And
we
had
built
and
have
built
sort
of
this
entire
infrastructure
deep
layer
to
be
able
to
build
and
train
and
quantify
the
performance
of
those
agents
performing
that
type
of
work
in
the
world.
And
these
were
voice
agents
like
that
you
would
call
or
text
or
email?
How
did
people
interact
with
them?
All
of
the
above.
So
multi-channel,
voice,
text,
email,
and
then
inbound
and
outbound.
So
we're
reacting,
and
then
patients
are
talking
to
us,
we're
responding,
or
we're
proactively
sort
of,
you
know,
identifying
certain
signals
that
we
should
be
reaching
out
to
those
patients.
And
then
multimodality,
right?
Voice
and
text.
So
like
multiple
channels.
We
could
be
over
a
phone
in
a
web
app,
in
a
phone
app,
whatever
the
case
may
be,
multiple
modalities,
and
then
both
proactive
and
reactive.
And
so
we
sort
of
think
of
us
as
the
training,
the
simulation
engine,
the
orchestration
engine,
memory
management,
the
underlying
data
platform
layer.
And
then
on
top
of
that,
you
build
these
agents
across
the
interaction
layer.
So
think
of
that
as
the
sort
of
full
deep
stack.
That's
what
sort
of
everybody
was
gravitating
towards.
Because
most
people
at
that
point
were
also
like,
I
want
to
own
control
over
how
the
system
gets
trained
on
what
is
in
scope,
what
is
out
of
scope,
some
of
the
sort
of
clinical
workflows,
the
clinical
intelligence
that's
taking
place.
They
did
not
want
to
just
buy
that
off
the
shelf,
given
the
nature
of
the
use
cases
that
we
had
started
off
with.
And
so
there
was
this
really
good
fit
at
that
moment
in
time
where
our
customers
were
like,
look,
I
care
deeply
about
how
this
agent
is
trained,
what
the
scope
is,
how
it
reasons.
I
want
control
over
that.
I
want
ownership
over
that.
But
I'm
not
going
to
build
and
maintain
all
of
the
underlying
infrastructure
to
be
able
to
sort
of
create
that.
And
so
it
was
a
really
good
fit
in
terms
of,
you
know,
everybody
talks
about
an
enterprise
build
versus
buy,
build
versus
buy.
We
landed
in
this
middle
ground,
which
was
like
you
customers
should
build
at
the
right
layer,
but
buy
a
different
layer
essentially.
You
know,
you
won
that
because
of
customization
and
control.
But
what
would
you
say
was
like
the
number
one
reason
why
these
customers
even
wanted
AI
agents
in
the
first
place?
Like
what
for
them
was
like
the
obvious
problem
that
this
would
solve?
I
mean,
we
know
in
healthcare
there's
a
massive
labor
shortage,
right?
So
a
lot
of
them
had
way
more
demand
than
they
could
handle.
They
could
not
hire
and
train
really
high-quality
clinical
staff
fast
enough
in
order
to
provide
the
sort
of
very
personalized
hands-on
care
that
they
wanted
their
organization
to
be
able
to
deliver.
And
so
there's
this
big
gap
that
they
were
trying
to
solve
for.
And
for
them,
is
that
like
more
revenue
for
them?
Is
that
like
what's
the
business
ROI?
It
ends
up
being
better
clinical
outcomes
for
them.
So
a
lot
of
value-based
care
organizations
want
to
be
able
to
drive
and
deliver
and
prove
some
of
those
things.
It
ends
up
being
more
revenue
for
certain
organizations
or
preventing
revenue
leakage
in
some
cases.
That's
sort
of
where
a
lot
of
folks
are
focused
on.
Or
it
ends
up
being
more
revenue
in
the
form
of
being
able
to
handle,
you
know,
2x
the
volume
of
patients
without
2x
the
volume
of
staff,
right?
Like,
as
we
know,
a
lot
of
these
organizations
are
very
labor-heavy,
labor
constrained,
and
like
ops
heavy.
And
so
they're
saying,
okay,
can
I
increase
the
demand
side
without
having
to
go
and
find,
which
what
we
know
is
really
hard
to
do
so,
really
high
quality
clinical
staff
that
is
trained
up.
And
when
was
this?
You
meant
you
mentioned
it
was
like
December,
what
year?
So
December,
January
of
last
year,
basically.
24,
25.
Okay.
And
when
did
you
start
uh
Amigo
AI?
Uh
the
January
prior.
So
12,
this
is
12
months
into
our
first
round
of
sort
of
fundraising
in
capital.
So
tell
me
about
the
origin
story.
Now
that
we
know
that
moment
when
things
started
to
find
click,
there
was
a
year
before
that
where
presumably
it
wasn't
clicking
yet,
right?
But
maybe
just
start
with
that,
like
just
a
little
bit
of
not
maybe
your
full
background,
but
right
before
you
start,
Amigo,
what
were
you
doing
and
why
did
you
decide
to
start
this
business
in
the
From Upwork To Starting Amigo
8:37
first
place?
Yeah.
So
I
started
my
career
at
Google,
spent
time
there,
and
then
went
to
a
company
called
Upwork.
I
was
at
the
internal
incubator
there,
building
sort
of
net
news
year-to-one
product
surface
area,
sort
of
like
new
bets
for
the
business,
new
ventures.
And
obviously,
a
lot
of
the
focus
upwork,
like
world's
largest
labor
marketplace,
we
started
thinking
through
what
does
it
mean
to
be
able
to
deliver
high-quality
sort
of
knowledge
work
through
the
form
of
agents?
Right.
So
a
lot
of
my
sort
of
thesis
and
initial
thinking
was
in
that
space.
I
left
to
start
Amigo,
which
initially
the
thesis
was
similar
in
the
sense
of
is
there
really
high
value
labor
or
knowledge
work
that
is
super
expensive,
super
hard
to
find,
supply
constrained,
that
we
can
build
and
train
these
agents
for
that
can
then
go
deliver
that
quality
of
work,
right?
So
it
wasn't
healthcare
only
in
the
beginning.
That
was
the
more
generalized
thesis.
You
know,
that
was
the
wave.
I
mean,
end
of
22
is
Chat
GPT,
23
is
people
figuring
out
what
AI
really
is.
And
24
is
when
the
wave
was
actually
just
starting,
I
would
say,
for
AI
agents.
Is
that
what
drove
you
to
say,
I
like
I
gotta
get
in
on
this
wave?
I
got
to,
I
gotta
do
something
with
AI
agents.
It's
too
big
to
ignore.
For
me,
it
was
a
month
after
Chat
GPT
came
out.
I
started
raising
the
alarm
bells
saying,
hey,
what
happens
to
a
company
like
Upwork
that
is
very
labor
heavy,
right?
That
is
a
labor
market.
That
was
all
I
was
doing
all
day
long
was
thinking
about
that
problem
space,
right?
And
so
Feb
of
23
is
when
I
actually
quit
my
job.
It's
very
interesting.
Like
you're
literally
at
the
place
where
it's
probably
most
vulnerable
because
it's
that
extra
work
that
you
don't
need
to
hire
a
full-time
person
for
you,
like
throw
it
to
Upwork,
throw
it
to
Fiverr,
throw
it
to
these
places
that
just
get
it.
It's
the
first
to
go.
Exactly.
So
I
started
seeing
the
writing
on
the
wall,
like
within
the
month
that
Chad
GPT
came
out.
You
can
imagine
like
at
the
early
on,
there
were
companies
like
Jasper
that
were
doing
copywriting.
If
you
remember,
that
was
like
the
very
first
sort
of
like
application
layer
of
how
I
started
that
raised
a
bunch
of
capital.
And
you
could
then
start
saying,
okay,
well,
that's
like
copywriting
as
a
category,
right?
And
I
was
like
looking
at
books,
like
sort
of
labor
marketplace.
I'm
like,
okay,
copywriting,
a
lot
of
work
is
like
software
engineering,
coding
work,
a
lot
of
work
is
design
work,
a
lot
of
work
is,
you
know,
there's
a
lot
of
consulting
happening
and
so
on
and
so
forth.
And
so
I
just
started
saying,
okay,
like
each
of
these
categories
is
gonna
get
picked
off
one
by
one
or
the
next
five-year
window,
let's
say.
And
so
it
was
very,
very
clear
and
obvious,
at
least
to
me
at
the
time,
because
it's
what
November
22,
right?
Chat
BT
comes
out,
Fed
23.
I
quit
my
job
and
I
was
like,
I'm
gonna
go
build
a
company
in
this
space.
It
was
very
obvious
at
that
point.
And
so
then
I
spent
the
remainder
of
23
basically
formulating,
talking
to
a
lot
of
organizations,
understanding
how
they're
thinking
about
at
the
enterprise
level,
how
those
technology
changes,
how
they
complete
work,
how
they
do
work
on
a
daily
basis.
And
so
zigged
and
zagged
in
the
early
days
and
found
my
way
to
this
concept
of,
okay,
we're
gonna
go
and
create
these
agents,
this
platform
to
allow
anyone,
solo
printers
included,
right?
I.e.,
like
those
who
are
doing
on
Upwork,
for
example,
or
other
marketplaces
like
Upwork,
like
Fiverr,
who
are
like
going
and
trading
their
time
for
money
that
are
services
heavy.
That's
where
the
initial
thesis
was.
Can
we
take
somebody
who's
delivering
a
services
heavy
type
of
product
or
value?
Can
we
allow
them
to
train
an
agent
that
they
have
a
lot
of
control
over,
where
the
cost
of
fillery
is
high,
they
care
a
lot
about
their
brand,
their
reputation,
and
can
we
allow
them
to
deliver
that
same
value,
but
at
a
much
lower
price
point
and
increase
accessibility
on
the
demand
side?
So
that
was
sort
of
the
obvious
problem
that
I
set
out
to
start.
And
then
raise
money
in
Jan
24
off
that
and
then
started
horizontally,
right?
And
then
over
the
course
of
the
year,
we
started
feeling
a
lot
of
pull
and
thinking
through
okay,
as
the
market
evolves,
as
the
world
evolves,
as
the
technology
gets
better,
where
is
there
forever
going
to
be
this
sort
of
concept
of
services
heavy,
huge
constraint
on
the
supply
side,
infinite
demand
that
is
very
expensive,
right?
You
can
start
now
seeing
why
healthcare
became
the
obvious
place
for
us
to
go
land
in
and
like
really
narrow
narrow
end
and
focus
on.
I
also
had
a
lot
of
personal
experience
in
the
space.
I
have
four
sisters,
they're
all
in
healthcare.
One's
an
MP,
one's
a
pharmacist,
one's
an
RN.
My
partner's
an
RN.
I
saw,
I
lived
with
her
during
the
pandemic
and
like
witnessed
her
life.
A
third
of
her
floor,
like
all
the
RNs
and
MPs
were
quitting
every
six
months,
right,
during
the
pandemic.
And
so
I
had
also
experienced
firsthand
through
my
family,
through
my
significant
other,
the
life
of
somebody
who
is
a
clinical
person
delivering
care.
And
so
that's
when
like
sort
of
two
and
two
sort
of
hit
me
in
the
face
of
like,
okay,
we've
built
this
really
strong
technology
that
allows
us
to
capture
expertise
and
train
these
systems
and
these
agents
in
a
very
nuanced
way
to
then
go
deliver
high-quality
services
at
the
time.
Let's
go
and
focus
in
on
healthcare
only.
And
that's
when
we
then
felt
the
what
I
was
describing
of
like
December
24,
January
25
of,
oh,
we've
hit
the
spark,
like
such
a
good
fit
in
terms
of
the
market
that
we
were
in
that
it
started,
we
started
focusing
on,
where
then
the
rest
is
sort
of
history.
Perfect.
And
we're
gonna
go
through,
I
mean,
we're
gonna
talk,
use
communities
to
get
your
first
million
in
ARR
past
that.
So
we're
gonna
talk
about
that.
We're
gonna
talk
actually
about
how
you
raise
that
first
round.
Is
it
100
pitches
in
10
days?
But
before
we
get
to
that,
I
want
to
zoom
in
on
that.
Selling Before Writing Code
13:30
You
skimmed
over
this
part,
and
I
get
why
you
would
do
that.
The,
you
know,
from
February
23
until
you
find
this
first
idea,
right
in
January
24.
We
call
that
research
mode.
This
is
like
before
you're
actually
in
startup
mode,
you're
building
anything,
you're
doing
even
the
MVP
stuff,
you're
literally
just
researching.
I've
done
it.
It
is
painful.
It's
painful
for
a
founder
to
be
there
because
like
you
want
to
start
a
business.
That's
why
you
quit.
You
want
to
build
something,
you
want
to
sell
something,
and
you're
like
doing
research
and
trying
to,
and
people
ask
you,
hey,
what
are
you
up
to?
And
you're
like,
I
don't
really
know.
Yeah,
you
know,
like
I'm
just
tell
me
more
about
those
nine
months.
Maybe
what
did
you
do?
Does
any
conversations
come
to
mind?
Anything
you
remember
from
that?
Because
it's
critical
to
do
that
right.
Yes,
you'll
pivot,
but
where
you
start
matters,
right?
You
started
broad
and
then
you
honed
it
in.
If
you'd
started
somewhere
else,
it's
hard
to
imagine
that
you
would
end
up
with
the
amigo
you
have
today.
Yeah,
those
are
the
the
insane
days
of
just
being
by
myself
as
a
solo
founder
who,
you
know,
and
I'm
I'm
come
from
a
non-technical
background,
so
because
of
I
was
in
growth
and
marketing
and
product.
And
so
because
I
was
in
an
engineering,
I
was
like,
okay,
great.
Like
what's
the
only
real
skill
set
that
I
should
have
is
like
being
able
to
sell,
right?
Like
navigate
the
market,
understand
demand,
um,
and
being
able
to
sell.
And
at
the
time,
if
you're
if
you
think
back
to
there's
no
clot
code,
there's
no,
there's
no
lovable,
there's
no
coding
agents,
there's
no
like
ability
to
prompt
your
way
into
a
prototype.
This
was
like
old
school
stuff,
right?
And
so
my
entire
thesis
early
on
was
true
validation
of
demand
of
an
idea
is
dollars
exchanging
hands.
This
was
like
a
very,
very
specific
intentional
thing
I
did.
I
can
go
talk
to
50
of
my
friends
and
be
like,
what
do
you
think
about
this
idea?
And
I
was
like,
they
don't
want
to
offend
you.
They're
like,
oh,
that's
a
great
100%.
And
so
I
was
like,
no,
no,
no,
no,
no,
none
of
that
is
real
validation.
Validation
is
dollars
exchanging
hands.
So
I
was
very
anchored
on
when
somebody
pays
me
for
something,
I
know
that
this
is
a
real
problem
that
they
have
that
they're
willing
to
pay
for.
Like
seems
very
obvious
and
simple,
but
I
know
a
lot
of
like
early
stage
founders,
even
friends
of
mine,
get
stuck
in
the
trap
of
like,
this
makes
sense
to
me.
So
let's
just
go
build
it.
Or
like
I
talked
to
seven
people
and
they
said
this
is
a
good
idea.
So
it
must
be
a
good
idea.
It's
because
psychologically
you
just,
and
I
know
exactly
what
you're
talking
about,
you
want
to
go.
You
don't
want
to
like,
you
want
to
let's
go,
let's
sell,
let's
build,
like,
let's
get
started.
And
slowing
down,
the
problem
is
if
you
do
that
and
you
get
it
wrong,
you
will
spend
years
pushing
a
boulder
up
a
hill
because
you
never
really
got
to
the
moment
that
you're
about
to
talk
about.
But
but
yes,
it's
extremely
common.
Exactly.
So
I'll
just
tell
you
the
full
journey
basically.
I
left
and
like
I
had
this
concept
of
okay,
agents,
quote
unquote,
that
are
gonna
deliver
some
sort
of
service.
But
like,
where
do
we
start?
Right.
Because
like
again,
I
come
from
a
background
of
like
upperquin
horizontal.
What
category
should
I
begin?
Should
is
it
copywriting?
Is
it
is
that
too
late?
Is
it
like
Jasper's
already
done
that?
What
is
next
on
the
docket?
I
started
by
just
going
to
a
lot
of
my
smart
friends
and
being
like,
what
are
you
using
ChatGBT
for?
Very
classic,
right?
Um,
to
get
a
sense
of
like
what
are
interesting
use
cases
that
are
that
seem
very
odd
at
first,
right?
Because
I'm
like,
it's
so
early
on.
I
don't
want
to
just
want
I
never
was
like,
yeah,
copywriting,
copyright.
I'm
like,
okay,
cool,
what
else?
And
I
had
a
couple
of
people
tell
me
that
they
were
using
it
for
coaching,
like
personal
coaching,
leadership
coaching,
personal
development,
health
coaching.
They
were
using
it
for
motivation,
et
cetera,
et
cetera.
And
I
was
like,
oh,
interesting,
weird,
but
interesting.
Okay,
let
me
pull
on
that
thread
a
little
bit.
That
became
a
huge
category,
by
the
way.
Interesting.
And
I
was
like,
oh,
okay.
And
so
then
I
was
like,
so
who
is
delivering
that
service
today?
Right?
What
humans
are
delivering
that
pain
point?
Then
I
started
saying,
okay,
let
me
go
talk
to
consultants
and
coaches
generally,
like
executive
coaches,
leadership
coaches,
personal
coaches,
health
coaches,
and
so
on
and
so
forth.
So
let's
go.
Now
I've
figured
out,
okay,
there's
this
weird
use
case
that
people
have
for
Chat
GPT.
That
the
time
was
like
very
niche.
Who
are
the
humans
delivering
this
service
today?
Let's
go
talk
to
them
and
understand
their
pain
points
and
is
there
something
for
them
to
be
built.
And
so
then
I
just
started
going
and
called
DMing
coaches
on
LinkedIn.
LinkedIn
at
this
time
had
this
thing
called
services
where
you
can
like
hire
people,
it's
almost
like
upwork-esque
type
of
thing.
Um,
I
just
like
filtered
for
executive
coach
and
leadership
coach,
et
cetera,
et
cetera.
And
like
DM'50
people,
being
like,
hey,
I'm
building
this
AI
thing.
You
can
like
build
an
AI
coach
for
yourself,
train
it,
et
cetera,
et
cetera.
Nobody
replied
to
me.
Okay.
Like
one
out
of
50
replied
to
me.
And
then
what
I
did
was
the
my
next
batch
of
50,
I
added
a
PS.
At
the
end
of
my
cold
note,
I
would
say,
PS,
I
am
also
looking
for
a
coach
myself,
potentially.
I'm
a
new
founder.
And
then
the
next
batch
of
50,
30
replied
to
me.
Nice.
I
have
you
on
the
call
now.
And
in
the
call,
I
would
just
start
pitching,
like,
hey,
you
know,
I've
built
this
product.
It
doesn't
exist,
but
I
would
frame
it
off
to
say,
I've
built
this
thing,
it
works
in
this
way.
Is
this
interesting?
Does
this
solve
the
pain
point?
Yada,
yada,
yada.
And
they're
all
like,
oh,
yeah,
this
is
cool.
Some
of
them
are
like,
this
is
creepy,
this
is
weird.
What
do
you
mean,
this
AI
thing?
Like,
get
it
away
from
me.
You
know,
this
is
again
still
early
on.
And
some
of
them
are
like,
oh
my
God,
yes,
this
makes
total
sense,
et
cetera,
et
cetera.
I
was
like,
oh,
cool.
One
of
those
folks
from
one
of
those
conversations,
they're
like,
Well,
you're
gonna
be
in
Florida
in
two
weeks
for
the
world's
annual
largest
coaching
conference,
right?
I'm
like,
yeah,
of
course
I'll
be
there.
He's
like,
Oh,
great,
I'll
see
you
there.
I'm
like,
perfect.
What
was
it
called
again?
And
I'm
like
in
a
new
tab,
like
figuring
out
the
name,
buying
flights,
booking
hotels.
So
I'm
like,
all
right,
let's
go.
So
I
book
a
one
way
to
I
book
my
flights,
buy
the
ticket,
show
up
at
the
conference.
And
at
the
conference,
it's
all
coaches,
and
they're
all
much
older
than
me.
And
they're
all
looking
at
me
at
every
table,
like,
who
are
you
like
who
are
you?
You're
pretty
young.
Are
you
even
a
coach?
What
are
you
doing
here?
And
I
just
started
being
like,
oh,
well,
you
know,
I
built
this
company
is
for
coaches.
It
allows
you
to
create
like
an
ad
coach
of
yourself
and
you
can
train
it.
There's
a
lot
of
like
control
built
into
it,
yada,
yada,
yada.
And
instantly
I
started
seeing
eyes
light
up
with
like,
oh,
that's
interesting.
I
would
want
that,
I
would
want
that.
And
they're
like,
How
much
is
it?
And
I'm
like,
I
don't
know,
like
a
hundred
bucks.
Like,
oh,
done.
Okay,
easy.
Like,
oh,
sweet.
Next
conversation,
200
bucks.
Next
conversation,
300
bucks,
and
so
on
and
so
forth.
And
you're
closing
them
on
the
spot
or
you're
getting
like
interest
from
them?
I'm
just
getting
interest.
I'm
like,
I'm
like,
I
have
a
I
have
a
wait
list,
sorry.
Cause
like
there's
nothing
built
by
the
way.
Yeah,
exactly.
You're
not
ready.
Nothing
exists.
And
I'm
like,
oh,
sorry,
I
have
such
a
big
wait
list.
Like,
I'll
get
you
on
there
and
I'll
onboard
you
in
two
months.
I
had
one
guy
follow
me
around.
Every
time
he
would
see
me
for
the
rest
of
the
two-day
conference,
he'd
be
like,
How
about
this?
Pull
up
your
wait
list,
show
it
to
me,
and
I
want
you
to
see,
I
want
you
to
put
my
name
at
the
top
of
that
waist.
So
like
I'm
gonna
stand
here
and
show
it
to
me.
I
was
like,
all
right,
fine.
So
I
like
went
and
did
it.
I
had
like
a
fake
list,
a
fake
wait
list
with
like
40
people's
names
on
it.
Um
and
so
anyway,
conference
finishes.
And
I'm
like,
okay,
but
still,
I
don't
feel
it
yet.
I
don't
feel
the
validation.
I
feel
the
excitement,
I
don't
feel
the
validation.
So
I
did
what
everybody
does,
or
I
think
everybody
should
do.
I
went,
created
a
Stripe
account,
and
created
a
one-time
product
on
Stripe
for
$499,
one-time
deposit
to
build
your
AI
coach
on
Amigos
platform.
And
then
I
sent
that
out.
And
three
people
paid
me.
So
I
was
like,
oh
shit.
And
keep
in
mind,
right,
$500
for
a
solopreneur
is
a
non,
like
it's
not
$10,
$20.
It's
real
money.
This
is
for
them
real
money,
right?
This
is
like
they're
gonna
think
twice
before
ever
putting
their
credit
card
in
without
seeing
the
product,
without
seeing
a
demo,
without
seeing
anything,
just
physically
me
being
there
and
having
a
quick
20-minute
conversation
turns
into
a
stripe
link
from
a
stranger
in
which
they
put
in
their
credit
card
and
pay
me
$500,
each
of
them.
That
then
I
felt
like,
okay,
I
have
something
here.
This
is
real
now.
I
did
the
same
thing
in
parallel
with
a
larger
enterprise
y
coaching
organization
that
was
like,
hey,
we
want
to
like
build
an
AI
coach.
We
don't
have
the
technology,
we
don't
have
the
engineering
infrastructure.
I
was
like,
oh,
don't
worry,
you
can
white
label
my
AI
coach.
I
got
you.
And
then
they
were
like,
all
right,
cool.
Can
we
see
a
demo?
I
was
like,
yes,
of
course.
And
then
I
went,
and
to
what
degree
I
want
to
say
this,
I
don't
know.
I
fully
faked
it.
Okay.
Like
I
went
and
I
had
basically
somebody,
an
engineer,
and
go
like
create
like
a
local
single
system
prompt
that
I
send
in
the
single
system
prompt.
I
said,
record
your
screen
and
like
put
in
these
in
back
and
forth
coaching
conversation
about
dealing
with
a
conflict
with
a
with
a
colleague.
Then
I
went
to
YouTube,
grabbed
the
voice
clip
of
the
head
coach
at
this
organization,
went
to
11
Labs,
cloned
her
voice,
put
in
each
of
the
snippets
that's
from
the
video
screen
one
by
one,
went
to
Sony
Vegas
Pro,
stitched
all
together
and
sent
it
over
as
a
demo.
You
can
be
jaded
about
it,
but
the
reality
is
now
you
can
100%
do
it.
And
by
the
time
these
people
wanted
it,
you
probably
could
have
done
it,
right?
So
it's
like,
how
do
you
just
get
your
way
to
them
seeing
what
you
already
said?
Exactly,
right?
Now
you
could
do
this
in
literally
two
minutes,
but
I
was
like
stitching
it
together
in
like
six
hours
with
this
manual
process,
send
it
over
to
them,
then
went
to
their
leadership
team
to
present
and
be
like,
hey,
here's
what
we
do,
here's
who
we
are.
And
the
person
whose
voice
I
had
cloned
was
like
in
love.
She
was
like
jaw
dropped.
She's
like,
this
is
the
craziest
thing
I've
ever
seen.
When
I
played
the
demo
and
I
heard
my
voice,
I
was
like,
oh
my
goodness,
this
is
the
future.
And
I
was
like,
all
right,
cool.
They're
cool.
We
want
to
do
a
pilot
with
one
of
these
large
organizations,
like
a
very
large
Fortune
100
organization.
I
was
like,
oh,
okay,
great.
Sounds
good.
And
they're
like,
we'll
pay
you,
you
know,
$1,000
for
the
pilot,
and
then
we'll
do
sort
of
like
a
Rev
share
model.
And
I
was
like,
$1,000?
No.
Like
you're
a
larger
organization.
How
about
and
I
just
like
you
pay
me
$20,000
for
a
three-month
pilot.
And
they're
like,
$20,000.
No,
no,
no.
You're
too
unproven.
Yada,
yada,
yada.
But
we'll
pay
you
$10,000.
There
you
go.
Done.
Here's
the
wiring
information.
And
they
wired
me
$10,000
the
next
day.
So
now
I
had
basically
a
quote
unquote
enterprise
contract
that
was
like,
we'll
buy
a
thousand
seats
as
X
dollar
value,
yada,
yada,
yada,
yada,
which
is
like
worth
seven
figures
at
full
scale.
I've
got
a
$10,000
deposit
for
a
pilot.
And
I've
got
four
solopreneurs
who
have
paid
me
$500
each.
So
I've
got
$12,000
in
revenue.
And
I
have
not
written
a
single
line
of
code,
nor
do
I
have
a
team,
nor
have
I
fundraised,
nor
do
I
even
have
a
co-founder
and
CTO
at
this
point.
That
to
me
was
the
early
days
of
like,
okay,
now
I
have
built
a
conviction.
I
am
solving
a
real
pain
point
for
people
who
are
paying
me
real
dollars.
We
have
revenue
in
the
bank
with
nothing
to
show
for
it
other
than
just
me
talking
to
them.
That's
what
then
I
went
and
spoke
with
a
couple
of,
I
was
having
already
conversations,
and
I
convinced
my
brilliant
co-founder
and
CTO
now
to
leave
his
job
at
Databricks
to
come
join
me.
So
he
quits.
We
meet
in
September
of
23.
We
work
together
for
four
months.
You
know,
I
give
him
this
entire
journey,
this
experience.
We
start
iterating
and
building
for
those
early
customers.
Jan
first
he
quits.
This
is
Jan
1.
Now
we're
in
what,
24?
Now
we're
in
Jan
124,
precisely.
Okay.
He
joins
me
full-time.
Now
basically,
we
start
going
and
fundraising.
Fundraising Sprint In Ten Days
23:24
Jan
15th,
we
kick
off
our
fundraise
and
we
pitch
100
investors
in
10
days
flat.
You
love
this
show.
You
don't
want
to
miss
the
next
episode.
Why
would
you?
So
hit
that
follow
button.
Trust
me,
it's
in
your
own
best
interest.
We're
gonna
break
that
down.
But
I
think
one
of
the
things
I
just
want
to
point
out
is
so
nine
months
effectively
invested
in
true
validation.
And
I
think
the
way
that
you
did
it
is,
I
mean,
it's
it's
in
a
sense,
it's
like
textbook
classic,
but
it's
also
for
some
reason,
I
think
it's
just
because
it's
hard.
Most
founders
are
still
these
days,
today,
right,
don't
do
it.
Like
lean
startup
is
an
old
idea,
right?
Like
you
think
people
will
be
doing
this,
but
still
many
people
I
think
don't
do
it.
And
this
is
also
what,
like,
you
know,
bootstrapping
is
typically
when
you
don't
do
it
funded.
But
this
to
me
is
bootstrapping
in
the
sense
that
you
kind
of
like
fake
your
way
to
the
first
thing
so
that
you
can.
How
do
you
get
a
great
co-founder?
Like
you
show
them
some
traction,
right?
And
how
do
you
get
capital?
You
show
a
team
and
some
traction,
right?
And
then
once
you
have
those
three,
you
use
it
to
get
more
traction
and
you
create
this
virtuous
loop,
but
you
have
to
get
the
things
spinning.
And,
you
know,
getting
people
to
buy
in
and
validate
the
real
dollars
is
to
this
day.
I
mean,
it's
just
it's
the
best,
it's
the
most
proven
way
to
know
that
you're
gonna
build
something
that
people
want,
which
is
the
foundation
of
startups.
Exactly.
And
that
Feb
23
to
December
23
journey
was
purely
focused
on
that.
Um,
and
even
all
my
founder
friends
today
who
like
recently
have
quit,
to
your
point,
still
got
into
the
trap
of
like,
I
talked
to
10
people,
they
love
the
idea.
Let's
go,
like,
I
should
go
raise,
right?
I'm
like,
no,
no,
no,
no,
because
the
opportunity
cost
is
high
too.
It's
like,
yes,
everybody's
like,
yeah,
let's
go
raise
and
like
get
some
capital.
Okay,
sure.
But
like
if
you
truly,
truly
inherently
don't
feel
that
there
is
value
in
building
this
and
you
don't
like
care
about
like
sort
of
this
type
of
opportunity,
et
cetera,
et
cetera,
it
just
becomes
a
lot
harder.
All
the
struggles
you'll
deal
with,
it's
a
lot
easier
to
give
up.
And
your
opportunity
cost
is
enormous,
right?
I'm
gonna
invest
a
seven
to
nine
month
window
in
validation
so
that
the
next
five
years
exactly.
Because
the
most
dangerous
mix
is
something
people
don't
really
want
with
a
founder
who's
tenacious,
relentless,
won't
give
up.
You
may
get
that,
you
get
five
years
away.
So
you
get
a
bad
founder,
a
weak
founder,
they'll
give
up
in
two
months,
so
whatever,
no
big
deal.
But
that
mix
is
deadly.
So
let's
move
on
to
to
now
we'll
we'll
do
the
two
segments.
The
first
one
you
already
alluded
to
a
hundred
pitches
in
10
days.
Let's
start
at
the
beginning
of
that.
Like,
first
of
all,
it's
a
pre-seed
round.
How
much
are
we
trying
to
raise?
Like
a
lot
of
people
for
pre-seed
specifically,
they'll
just
meet
like
five
VCs
and
and
you
know,
get
a
million
bucks
and
call
it
a
day.
Like
you,
you
made
this
a
process.
How
did
you
think
about
it?
From
the
beginning,
it
was
the
specific
partner
that
I
wanted.
Um,
and
how
do
I
go
find
that
person?
Right.
And
to
your
point,
everybody
is
like
in
the
camp
of
okay,
cool,
let's
just
talk
to
10
people.
If
like
this
thing
is
real,
they'll
give
me
capital.
Like,
no,
that's
not
at
all
how
it
works.
Because
a
couple
of
things.
One
is
the
partner
that
you're
looking
for,
you
might
not
meet
them
until
pitch
number
60.
But
that
was
actually
the
case
for
us.
Um,
I
did
not
meet
the
person
who
I
was
like,
this
is
the
person
who
I
want
to
be
on
my
cap
table.
I
want
the
first
check
for.
You
didn't
know,
it's
not
like
you
knew
I
wanted
this
firm.
You're
just
like,
I'm
gonna
meet
a
lot
of
people
till
I
meet
somebody
that
clicks.
Precise,
exactly.
And
everyone
does
the
thing
of
like,
here's
my
spreadsheet,
here's
all
the
firms,
here's
what
I
really,
my
dream
firm
that
I
want
to
raise
from,
et
cetera,
et
cetera.
But
like
I
think
at
early
on,
it
none
of
that
matters
because
all
the
if
you're
crushing
it
and
if
you're
real
and
you're
growing,
all
those
firms
will
want
to
write
checks
into
you
eventually
anyway.
The
most
important
thing
that
matters
is
like
who
are
the
early
folks
who
are
betting
early,
who
are
betting
on
the
team,
who'll
stick
with
you
as
you
pivot,
right?
Because
again,
they're
betting
on
that
team
more
so
than
anything,
who
you
have
a
really
strong
relationship
with
and
the
connection
is
there
and
aren't
just
like,
you
know,
yeah,
cool,
I
like
this
space.
So
I'll
dump
like
a
few
checks
into
this
space
and
like
see
what
happens,
right?
Because
then
when
you
pivot,
it's
like
not
a
good
fit
anymore
if
you
end
up
pivoting,
which
most
companies
end
up
doing
to
a
degree,
right?
And
so
yeah,
for
us,
it
was
a
couple
of
things.
One
was
I
wanted
it
to
be
concentrated
in
a
short
period
of
time
because
the
core
business
is
actually
going
and
getting
more
customers
and
like
building
product,
et
cetera,
et
cetera.
So
I
did
not
want
to
fundraise
for
four
months
straight.
I
wanted
to
do
it
in
a
very
short
sprint.
And
then
two,
I
don't
come
from
a
world
of
like
really
strong
connections.
So
I'm
not
like
I
spent
two
years
at
some
VC
firm.
I
then
went
to
a
Stanford
NBA,
and
then
now
all
my
friends
are
at
this
firm.
So
it's
like
easy
for
me
to
go
and
have
the
10
conversations.
I
come
from
like,
you
know,
I'm
Canadian.
I'm
not
even
from
the
States,
right?
So
like
coming
down
to
San
Francisco
and
working
here
was
like
a
new
experience
for
me.
It's
good
because
it's
it's
more
uh,
you
know,
sometimes
I
talk
to
founders
sometimes,
it's
like,
oh,
I
raised
a
$10
million
seat.
How
oh,
well,
I
already
knew
like
10
VCs
from
my
passion.
I'm
like,
all
right,
like
I
can't
learn
anything
from
that.
Nobody
can
learn
it,
so
this
is
much
better.
Precisely,
exactly.
I
effectively
did
not
know
anybody
uh
in
the
space.
And
so
I
was
like,
oh,
great,
like
what
am
I
gonna
do?
I
did
what
I
did
the
first
time
around
when
I
was
like
validating
my
ideas
of
let's
go
talk
to
folks,
but
talk
to
them
in
a
very
concentrated
period
of
time
with
a
well-scoped
thing,
with
a
good
sense
of
like,
here's
who
we
are,
here's
what
we're
building,
here's
a
long-term
vision,
here's
why
it's
exciting
for
us,
and
like,
do
we
have
the
alignment
or
not?
Right.
And
so
we
went
through
the
sprint,
flew
to
New
York,
stayed
at
a
tiny,
tiny
like
bunk
bed
style
situation.
Cause
again,
my
father
and
I
were
like,
we
haven't
raised
anything
at
this
point,
right?
And
basically
just
spent
9
a.m.
to
5
p.m.
pitching,
5
p.m.
to
midnight
building.
So
like
we'd
like
continuously
would
take
the
day's
feedback
and
learnings
of
like
what
are
interesting
demos
to
showcase
some
of
what
we're
saying,
right?
John
and
my
CTO
would
basically
like
start
building
after
dinner.
I
would
pitch
all
day
and
we'd
talk
essentially.
It
was
like,
you
know,
14,
16
hour
days
with
no
sleep.
And
we
just
went
through
the
cycle
for
two,
three
weeks
straight.
At
the
end
of
which
we
then
went
and
got
multiple
term
sheets,
uh,
ended
up
with
a
partner
that
we
really,
really
wanted,
our
top
choice
partner.
We
got
a
really
good
fit
with
them
and
then
started.
And
then
once
we
closed
that
round,
uh,
we
ended
up
then
like
everything
that
said
and
done,
legal,
all
that
good
stuff.
The
round
closed
five
days
before
my
one
year
anniversary
of
quitting
my
job.
So
it
was
like
a
full,
like
almost
end-to-end
one-year
journey
from
the
day
I
quit.
And
I
actually,
you
know,
I'm
I
have
an
immigrant
dad
who
was
like,
What
are
you
doing?
Why
are
you
quitting?
You
know,
you're
on
a
visa,
we're
gonna
lose
your,
you
know,
TN
visa
in
the
States.
And
are
you
kidding
me?
Like
at
the
time,
if
you
also
remember
FAP23,
like
layoffs
happening,
interest
rates
rising
post-verp
era.
Um,
it
was
like
a
very
chaotic
world.
Even
my
my
two
previous
managers
were
like,
Are
you
insane?
This
is
the
worst
time
to
quit.
What
are
you
doing?
And
I
was
like,
No,
no,
no,
I'll
figure
it
out.
Don't
worry.
What's
the
worst
case?
In
a
year,
I'll
go
back
and
try
to
get
another
job.
Like,
okay,
no
big
deal,
but
I
want
to
take
this
thing
right
now.
And
so
I
told
my
dad,
I
was
like,
give
me
a
year.
If
in
one
year
I
can't
figure
it
out,
I'll
think
about
what's
next.
Am
I
in
the
wrong
space?
Am
I
like
fit
out,
cut
out
for
this?
You
know,
have
I
spent
the
time
validating
the
thing
I
want
to
build?
If
I
don't
get
to
conviction
on
something,
it's
fine.
You
know,
I'll
try
to
get
another
job.
It's
like
not
the
end
of
the
world.
I've
done
it
a
couple
of
times
now.
And
so
that
like
five
days
before
the
one
year
is
an
important
milestone
for
that
reason
because
I
had
mentally
given
given
myself
a
year
to
like
ide
it
and
come
to
conviction.
And
I
already
had
some
initial
signals
based
on
my
previous
roles.
But
yeah,
we
when
the
when
the
wire
hit
for
that
first
pre-seat
five
days
before
the
one
year,
I
went
on
a
dad
with
my
on
a
walk
with
my
immigrant
dad.
And
I
was
like,
look,
it's
real
now.
It's
crazy
how
uh
the
power
of
deadlines.
Tell
me,
uh,
you
know,
we'll
go
through
a
few
kind
of
deeper
questions
on
the
fundraiser
process.
Warm Intros And FOMO Momentum
30:20
The
first
one
is
the
hardest
part
I
find
of
trying
to
run
a
tight
process
is
in
the
first
place,
just
getting
the
meetings,
right?
It's
easy
enough.
Obviously,
you
go
online,
you
find
a
bunch
of
firms.
Today
you
ask
Claude,
it'll
spit
out
150
names.
That's
the
easy
part
is
building
the
list.
Did
you
go
cold?
Did
you
get
intros?
Like
you
were
really
well
networked.
How
did
you
do
those
initial
reach
outs
to
whatever
100
firms
or
however
many
was?
Um,
I
would
say
it
was
80%
through
warm
connections.
And
so,
yes,
I
personally
didn't
have
the
network,
but
I
had
built
enough
of
a
friend
group,
a
network,
a
professional
network
where
I
could
ask,
and
I
had
built
enough
trust
and
credibility
with
those
folks
who
were
then
willing
to
make
interest
for
us.
And
how
did
you
do
that
specifically?
Did
you
just
go
out
and
be
like,
hey,
who
do
you
know
that
you
can
introduce
me
to?
Or
did
you
do
the
work
of
saying,
like,
I
see
you're
connected
on
LinkedIn
with
XYZ
firm?
Can
you
make
the
intro?
It
was
a
lot
more
of
like,
here
is
the
people
that
I
want
to
go
meet.
Who
is
connected
to
those
people
that
I
know,
either
through
first
or
second
degree
degree
connection?
And
then,
you
know,
giving
them
doing
all
the
hard
work
of
creating
the
blurb
for
them,
forwardable
emails,
yada,
yada,
yada,
having
a
spreadsheet,
mapping
things
out.
Like
tactically,
of
course,
that's
just
baseline,
right?
We
did
all
that
good
stuff
and
then
used
a
lot
of
sort
of
like,
can
I
get
in
front
of
somebody?
Again,
I
don't
personally
know
them,
but
part
of
it
is
this,
right?
Just
as
a
founder
CEO,
you're
selling.
That's
your
only
job.
You're
selling
to
candidates
to
come
join
you,
you're
selling
to
investors
into
believing
in
your
vision,
you're
selling
to
customers.
And
so
part
of
that
is
like
finding
the
right
way
into
those
conversations
where
you
come
into
them
with
some
level
of
trust
and
credibility
built
built
up,
right?
And
so
I
found
that
doing
it
this
way
was
much
better
than
cold
out
on
it.
I'm
a
big
believer
that
these,
especially
these
early
rounds,
but
potentially
all
fundraising
rounds
are
fundamentally
about
FOMO.
Like
that
is
just
the
number
one
driver
of
getting
around
done
fast,
on
good
terms,
and
ideally
with
people
that
you
like
and
believe.
And
whether
you
build
relationships
before
or
not,
you
still
need
FOMO
to
just
get
that
deal
done
quickly.
And
if
you
come
in
cold,
it's
just
gonna
be
hard
to
get
the
response
rates
you
want,
get
the
attention
level,
even
if
they
respond,
maybe
it's
in
three
days,
maybe
they
put
you
out
in
two
weeks.
You
know,
you're
not
prioritized.
Whereas
if
you
come
in
warm
and
ideally
in
a
perfect
world,
the
person
making
the
intro
is
saying,
not
just,
hey,
here's
somebody
raising,
but
like,
hey,
I
know
Ali,
he's
a
really
solid
founder,
you
should
really
meet
him.
They're
putting
that
social
cred
behind
you.
It's
just
way
easier
to
kind
of
build
momentum
and
get
a
hundred
meetings
in
a
week
or
two
versus
in
a
you
know
stretched
out
over
two
months.
Yep,
exactly.
Um,
yeah,
the
FOMO
thing
is
real,
by
the
way.
The
second
we
had
our
first
term
sheet,
everything
else
fell
into
place.
Like
many
people
came.
The
the
craziest
thing
I'll
say
is
I
had
people
cold,
like
investors
cold
DM
me
on
LinkedIn
saying,
Hey,
I
heard
you
got
a
term
sheet.
Um,
I
will
also
contribute
150k.
This
is
for
your
pre-seed
round.
This
is
not
for
my
pre
seed
round.
It's
the
power
of
FOMO.
Like,
I
just
want
to
point
that
out.
You
are
at
this
point
an
unproven
founder,
you
have
basically
no
traction,
and
VCs
are
DMing
you.
Like,
please
let
me
into
your
round.
And
they're
saying,
I
don't
even
need
to
meet
you,
by
the
way.
It's
like
I
have
heard
through
the
grape
line
that
you
have
a
term
sheet
or
multiple
term
sheets.
And
you
know,
I've
heard
sort
of
what
you're
doing.
Just
I
don't
need
to
see
your
debt.
I
don't
like
just
I'll
where
do
I
wire
the
money?
It
was
insane
to
me.
As
somebody
who
was
like
at
the
beginning
of
the
fundraiser
is
like,
I
don't
really
know
anybody
that
well.
Like,
how
am
I
gonna
be
able
to
do
this?
You
know,
we
had
47
no
straight
before
our
first
yes,
as
an
example.
Like,
it
was
a
lot
of
like
no,
no,
no,
no,
no.
And
then
at
the
end
of
by
the
end
of
the
journey,
it
was
like,
hey,
uh,
yeah,
I'll
wire
you
the
money
without
meeting
you.
180,
yeah.
Like,
wait,
what
where
were
you
two
weeks
ago?
What
has
possibly
changed
in
the
two
weeks?
Nothing
other
than
to
your
point,
follow.
Well,
you
know,
I
just
just
to
in
to
kind
of
give
some
of
the
perspective
of
what's
happening
here,
because
it's
easy
to
just
read
this
and
say,
wow,
VCs
are
pretty
dumb,
like
lemmings,
you
know,
but
and
there
is
maybe
some
truth
to
that,
but
but
what's
happening,
you
know,
behind
the
scenes
is
as
a
VC,
not
getting
into
the
thing
that
becomes
huge
is
so
much
costlier
than
than
losing
the
150k
that
you
would
have
put
in
than
that
going
to
zero,
because
you
really
need
these
outliers.
And
at
pre-seed,
frankly,
there's
just
not
that
much,
like
you
haven't
every
pre-seed
has
no
revenue,
and
so
you
don't
have
that
many
signals
that
you
can
like
you
can't
DCF
it
and
make
your
own
first
principles
analysis,
not
that
easy.
So,
for
better
or
worse,
when
something
gets
hot,
that
becomes
a
signal
in
of
itself,
and
all
of
a
sudden
it
becomes
well,
if
other
people
like
it,
maybe
it
is
really
good,
and
and
then
you
you
kick
that
FOMO
in
where
it's
like,
shit,
if
I
don't
put
in
100k
and
I
miss
on
it,
and
it
becomes
a
huge
thing.
I've
lost
out
on
so
much
money,
and
you
get
that
kind
of
FOMO
tailwind,
right?
So
the
other
thing
I
wanted
to
ask
actually
about
was
because
we've
talked
a
lot
about
fundraising
with
many
many
different
founders
that
come.
Finding The Right VC Partner
35:06
Obviously,
process
is
always
the
thing,
FOMO's
a
thing.
But
what
as
as
you
go
and
you
have
these
hundred
conversations
and
you
mentioned
47
no's,
I'm
sure
you
iterated
and
changed
it
over
time.
What
are
some
things
that
you
feel
like
you
learned
when
it
comes
to
pitching
VCs
that
maybe
if
you
would
have
known
like
on
day
one
of
doing
this,
you
would
have
gotten
only
20
no's
up
front.
You
know
what
I
mean?
Like
it
just
would
have
made
the
conversion
a
bit
higher.
Yeah,
I
mean,
this
is
the
challenge,
right?
So,
like
I
actually
think
there
is
this
thing
of
like
VC
product
fit
or
VC
company
fit
quite
a
bit,
where
there
were
some
folks
that
I
was
pitching
where
they
have
written
off
a
certain
space
in
their
mind.
And
it
just
does
not
matter
who
you
are
and
what
you've
built,
if
they
don't
have
any
thesis
or
any
goals
or
any
desire
to
invest
in
a
specific
space,
it
really
doesn't
matter.
You
can
start
disqualifying
some
of
those
before
meeting
them.
So,
like
you
can
turn
the
47
no's
before
you
get
your
first
CS
into
10
no's,
maybe,
right?
Because
there's
a
bunch
of
them
in
the
middle
that
would
have
said
no,
no
matter
what.
And
can
you
sick
identify
those
signals
early
on?
Can
you
and
like
a
lot
of
VCs
nowadays
will
like
write,
you
know,
Substacks
or
on
Twitter
and
they'll
tweet
things
that
are
like
I
have
this
thesis
in
this
space,
and
like
here's
what
I
believe
is
happening,
et
cetera,
et
cetera.
And
so
like
if
you
can
find
those
people
who
already
believe
that
there
is
a
big
company
to
be
built
in
the
space,
then
that
makes
your
job
much
easier
because
now
you
just
need
to
convince
them
that
you
are
the
right
people
to
build
that
company.
Whereas
in
some
cases,
I
was
having
to
first
educate
the
VC.
Here's
let
me
tell
you
about
the
space,
why
this
is
an
interesting
space
to
invest
in
right
now,
why
it's
massively
going
to
change
right
now.
When
I
say
services
being
delivered
as
software,
what
does
that
actually
tangibly
mean?
What
is
insights
that
I
have?
Like
there's
a
lot
of
education
that
you
can
end
up
doing
on
things
before
you
even
get
to
like,
here's
who
I
am
and
here's
what
company
I'm
building.
If
you
can
skip
those,
if
somebody
comes
in
being
like,
Yeah,
I
know
there's
gonna
be
a
massive
company
in
the
space,
just
tell
me
why
it's
you.
Very
different
conversation.
So
there's
sort
of
this
like
fit
thesis
piece
that
I
think
a
lot
of
people,
or
at
least
early
on
in
the
first
time
I
had
fundraise,
I
was
not
doing
at
all.
After
that,
I
started
doing
a
lot
more
and
it
just
made
our
life
a
lot
easier
as
well.
Perfect.
So
that's
the
the
fundraising
kind
of
Communities That Drove First Million
37:12
segment.
And
then
the
other
thing
we
were
gonna
talk
about
was
you
got
your
first
million
in
revenue
through
communities.
Tell
me
about
that
entire
like
the
thinking
behind
the
strategy,
and
then
we'll
get
into
the
tactics
of
how
you
build
communities
and
make
that
kind
of
drive
sales
for
you.
Yep.
So
once
we
sort
of
narrowed
in
our
focus
and
realized
sort
of
we
want
to
go
all
in
on
healthcare
specifically,
where
there's
a
lot
of
opportunity,
my
co-fund
and
I
care
a
lot
about
the
space.
And
so
we're
like,
okay,
let's
go
do
this.
But
again,
the
challenge
we
had
was
we
don't
come
from
a
healthcare
background,
right?
And
so
we're
not
like
XMDs
who
spend
five
years
at
City
Block
as
an
example
or
one
medical
or
whatever
the
case
may
be,
to
then
say,
look,
we
already
have
such
a
strong
network
of
other
healthcare
operators,
founders,
you
know,
C-suite
execs
at
hospitals,
et
cetera,
et
cetera,
that
we
could
just
go
sell
to
them.
And
so
what
I
then
ended
up
doing
was
I
basically
joined
a
couple
of
healthcare-centric
communities
with
the
goal
of
saying,
hey,
I'm
here
as
a
newer
healthcare
founder
to
learn
about
the
space
everything
I
can.
And
I
have
a
thesis
and
a
vision,
and
I
am
building
a
company,
I'll
be
up
front
and
transparent
with
you
on
that
front.
Um,
but
I
want
to
understand
and
hear
from
you
what
I'm
building,
does
this
make
sense
for
you
or
not?
Sort
of
what
I
did
with
coaches
early
on,
but
through
specific
communities
this
time
around.
And
oftentimes
then
those
conversations
then
would
say,
wait
a
second,
I'm
a
founder
of
a
healthcare
startup,
or
I'm
working
at
this
heart
health
system,
whatever
the
case
may
be.
Um,
what
you're
describing,
like
we
have
a
need
for
it.
And
so
then
it
was
almost
like
I
wasn't
being
very
salesy
or
pitching
them
by
this
product.
I
was
saying,
I'm
newer
to
this
space.
Here's
my
current
thesis.
Help
me
formulate
and
like
see
are
there
blind
spots
in
my
vision?
That
then
wouldn't
translate
into
actually,
I
have
need
for
your
product.
Are
you
ready
for
me
to
buy?
And
then
that's
where
we
got
our
first
million
of
revenue.
And
that's
also
another
signal
of
like,
you
know,
everyone
else
is
like,
you're
pushing
a
boulder
up
a
hill.
Eventually
the
market
starts
pulling
it
from
you,
right?
Like
I
could
feel
the
market
pulling
the
product
because
I
didn't
need
to
be
salesy
to
get
to
our
first
million.
Folks
were
like,
I
need
that
thing.
How
do
I
sign
up?
Where
do
I
sign
up?
How
much
does
it
cost?
The
conversations
went
in
that
direction
from
them
asking
it
versus
me
forcing
it.
So
maybe
give
me
like
a
like
an
example,
let's
say,
of,
you
know,
because
I
think
building
through
communities,
I
hear
a
lot
of
founders
talk
about
it.
And
I
think
very
few
founders
actually
do
it
properly,
like
make
it
work
for
them.
Tell
me
maybe
an
example
of
like
a
community
that
you
saw,
like
how
you
actually
penetrate
it,
how
you
post
consistently,
right?
In
order
to
drive
traffic.
It's
easy
enough
to
go
on
Reddit,
find
a
forum,
and
like
make
a
post,
but
that's
one
post,
right?
Like,
how
do
you
make
this
something
that
you
can
do
recurringly
and
then
get
a
million
dollars
in
revenue
versus
just
like
one
or
two
customers?
Yeah,
we
focused
on
um
like
paid
communities.
So
we
did
not
do
something
like,
and
I
don't
mean
like
Reddit
or
subreddits,
et
cetera.
I
mean
like
closed
paid
Slack
channel
communities
or
things
like
that.
Mainly
because
we
found
that
if
you're
paying
to
be
part
of
this
community,
there's
like
a
higher
bar
to
cross
to
join.
And
people
will
also
be
more
responsive
and
active
if
they're
actively
paying
for
it,
right?
And
like
the
community,
the
first
community
I
joined
was
like
$20
a
month
subscription.
And
this
is
a
community
of
who,
for
example?
This
of
just
healthcare
operators.
It's
like
very
specific
to
the
to
the
audience
that
I
was
going.
And
you
just
go,
you
just
search
like
healthcare
communities,
whatever,
you
just
look
through
them,
start
finding
them,
or
you
ask
people
in
the
space
what's
really
good.
We
asked
people
exactly.
Like
at
DMU
and
I
was
like,
Well,
are
you
part
of
any
communities?
Do
you
what
newsletters
do
you
read?
What
do
you
what
media
do
you
consume?
Right?
Because
I'm
like,
where
do
my
people
hang
out?
That's
basically
what
I'm
trying
to
understand.
And
I
came
across
a
community
that
was
like
20
bucks
a
month,
paid
community.
It
was
a
Slack
channel.
I
was
like,
okay,
cool,
let's
go
join
it.
And
in
there,
I
introduced
myself,
started
DMing
a
few
folks,
working
on
interesting
things,
and
then
basically
went
and
started
having
the
conversations
there.
Like
some
of
the
folks
that
I
closed
that
were
in
that
first
million
dollars,
I
initially
met
through
there.
And
then
I,
you
know,
I
invited
them
to
a
conference
that
we
were
hosting
or
sponsoring
two
weeks,
two
months
from
then.
Um,
and
then
I
was
posting
on
LinkedIn.
And
so,
like,
let's
give
you,
I'll
give
you
one
example.
That
founder
then
bottom
ego.
Uh,
it
was
like
a
200k
plus
deal.
And
again,
it
will
we
didn't
go
at
it
as
like,
hey,
buy
my
thing.
It
was
purely
like
you're
building
something
cool,
we're
building
something
cool.
Let's
chat
founder
to
founder.
Because
they're
building
what?
They're
building
their
practices
when
you
say
they're
building
something
cool.
They're
building
practices
or
like
the
consumer-facing
digital
health
company.
Gotcha.
And
so
I
was
like,
okay.
Or
so
I
had
the
first
conversation,
and
then
they
came
to
the
event
and
they
saw
me
speak
as
on
one
of
the
panels.
And
then
they
saw
a
couple
of
my
LinkedIn
posts
that
popped
up
and
like
brought
me
back
to
top
of
mind
for
them.
And
then
finally,
a
month
later,
after
like
three
months
end
to
end
of
like
multiple
engagement,
like
touch
points,
we
met
them
at
two
conferences,
had
two
virtual
conversations.
They
saw
two
of
my
LinkedIn
posts
that
resonated
with
them.
Did
they
actually
purchase?
So
it's
not
like,
hey,
I'm
just
gonna
cold
DM,
have
a
conversation,
and
we're
done.
It's
more
like
you
still
have
to
do
the
relationship
building,
but
the
initial
entry
point
that
came
in
was
hey,
I'm
in
this
community,
you're
in
this
community.
We
would
say
it
explicitly.
I
found
you
through
this
paid
community
that
we
are
part
of.
It's
not
like
a
random
cold
DM.
I
saw
what
you're
building,
I
think
it's
interesting.
I'm
building
something
interesting,
would
love
to
pick
your
brain.
That
specific
was
the
campaign
that
we
ran
from
this
one
community
in
a
very
non-salesy
way
that
led
us
to
eventually
close
a
million
dollars
of
revenue.
And
the
total
cost
was
literally
$20
a
month.
This
is
what
all
the
like,
whether
it's
the
community
or
the
events,
any
of
these
things
are
just
a
way
to
help
them
filter
out,
right?
Like
if
you
run
a
cold
email
outbound
campaign
of
which
you
can
do,
and
I
just
had
like
a
founder
on
here,
that's
how
he
got
his
first
million,
but
it
was
half
a
million
emails
for
1%
response.
I
mean,
that's
what
you
and
so
if
you
have
unlimited,
like
if
you're
a
horizontal
product,
and
in
his
case
it
was
like
customer
success,
right?
It's
like,
okay,
you
can
run
that,
you
can
do
that.
But
if
you
have
any
sort
of
verticalization,
you
just
can't
afford
to
have
only
a
1%
conversion
because
you'll
run
out.
So,
how
do
you
get
it
to
10%?
And
the
way
you
get
it
to
10%
is
if
you
think
about
it
on
the
receiving
side,
is
you
have
to
make
yourself
jump
out
somehow.
You've
got
to
just
be
like,
oh,
it's
not
just
another
cold
thing.
There's
some
sort
of
filtering.
So
just
being
able
to
say,
I'm
part
of
this
community,
that
you
know,
from
the
universe
of
whatever
infinite
number
of
people,
you've
gone
down
to
the
thousand
members
in
that
community,
right?
Like
you've
you've
filtered
a
lot.
You
show
up
at
an
event
at
a
conference,
same
thing.
Like
that
conference
is
gonna
have
hundreds,
maybe
thousands
of
attendees,
but
not
tens
of
thousands,
not
hundreds
of
thousands.
So
you've
just
you're
just
helping
them,
you're
just
trying
to
find
ways
of
how
do
you
filter
out
for
your
customers
so
you're
not
competing
with
everyone,
you're
just
competing
with
a
subset,
and
then
your
conversion
rate
will
dramatically
improve,
assuming
that,
of
course,
you
validated
and
and
you're
solving
a
problem
that's
actually,
you
know,
that
they
want
solved.
Exactly.
Like
when
we
did
the
to
give
you
an
idea
of
si
scale
and
numbers,
right?
This
community
has
like
2,000
people
in
it.
When
we
filter
down
to
the
folks
who
we
actually
wanted
to
speak
to,
it
was
like
200.
That's
it.
It
was
tiny.
It
was
a
tiny
group
of
people.
And
so,
like
our
conversion
rate
could
not
be
like
1%,
right?
Like
it
needed
to
be
much
higher,
but
it
was
able
to
be
much
higher
because
it
was
so
targeted,
so
focused,
and
things
like
that.
And
nowadays
everyone's
like,
you
know,
like.
AISDR,
basically,
right?
And
like
you
can't
really
do
that
at
scale
and
enterprise
and
land
where
relationship
building
is
so
important,
especially
you
can't
do
it
when
you
have
no
brand,
no
credibility.
Like,
you
know,
you're
fighting
your
first
set
of
customers
to
make
a
bet
on
you.
It
just
needs
to
be
done
in
a
very
thoughtful,
intentional
way.
And
it
has
to
be
done
by
founder
and
CEO.
Like
I've
told
also
all
everybody
I've
spoken
with,
you
should
sell
the
first
million.
In
my
case,
I
sold
the
first
two
million
myself
personally.
If
you
can't
sell
the
first
two
million
yourself,
like,
first
of
all,
how
are
you
gonna
attract
the
world's
best
AEs
to
come
work
for
you?
Right?
You
the
world's
best
sales
team
is
not
gonna
respect
a
founder
who
can't
do
it
themselves.
If
you're
gonna
bring
out
an
AE
and
say,
you're,
you
know,
your
one
quota
target
is
a
million,
a
million
and
a
half.
If
you
yourself
haven't
done
that
in
six
months,
you
don't
have
a
right
to
say
you,
this
is
possible,
you
have
the
ability
to
do
this.
It's
very
different
when
founder
CEO
does
it,
and
it's
very
important
that
founder
CEO
does
the
first
X
million
themselves
before
then
building
out
a
team.
Because
also
you
lose
all
the
learnings,
what
resonates,
what
doesn't
resonate,
like
those
first
batch
of
conversations
that
result
in
the
first
million
of
revenue
is
the
foundation
on
which
you
set
your
vision,
your
story,
your
product
roadmap,
the
way
you,
your
narrative,
your
entire
GTM
engine,
the
people
you
hire
to
sell,
everything
comes
off
of
that.
So
it
just
becomes
so,
so,
so
critical
beyond
just
like,
yo,
look,
I've
had
not
a
million
dollars
in
revenue.
It's
like,
no,
no,
no,
I've
built
a
foundation
to
get
to
10,
which
will
then
get
me
to
100,
which
will
then
get
me
to
billion.
It's
all
systems
building,
right?
Plus,
it's
it's
a
place
in
in
like,
you
know,
the
head
of
sales
is
the
first
one
to
go,
and
it's
the
most
turned
over
position.
Like
it's
the
one
place
you
need
to
be
able
to
say,
I
know
this
person's
not
doing
it
right
because
I've
done
it,
versus
always
being
guessing,
and
then
it's
just
you
wasting
months
and
quarters
and
you
don't
know.
Is
it
the
product,
is
it
the
marketing,
is
it
the
sales?
You
just
have
no
idea
because
you
haven't
sold
that
million
yourselves.
Precisely.
The Pivot That Churned Everyone
45:47
One
thing
that
we
didn't
touch
on
is
we
talked
about
the
beginning,
you
were
kind
of
horizontal
play
by
product
market
fit.
You
were
focused
on,
you
know,
the
healthcare,
and
we
mentioned
pivots,
right?
What
tell
me
a
little
bit?
Because
I
know
that
there
was
a
big
kind
of
pivot
moment.
Tell
me
about
maybe
the
before,
during,
and
after
of
that
story.
Yeah.
So
it
was
a
couple
of
things
that
caused
us
to
do
this.
And
like,
and
this
is
the
other
thing
is
like,
is
this
even
a
pivot
or
is
it
a
narrowing
of
focus?
But
slightly
different,
right?
Like
pivot,
you
could
say,
like
the
Slack
story
of
like,
oh,
we
were
trying
to
build
a
video
game
and
then
we're
like,
hey,
we're
gonna
be.
Yeah,
that's
the
big,
big
pivot.
This
is
like
a
small
within
pivot,
yeah.
This
is
like
the
core
thesis
of
hey,
we
can
build
AI
systems
that
capture
really
good
expertise
that
can
go
and
deliver
service,
service-heavy
workflows
in
the
form
of
software
in
a
with
a
high
degree
of
quality.
That
thesis
foundationally
stayed.
Initially,
we
were
serving
both
solopreneurs,
SMB,
and
enterprise,
right?
So
we're
like
serving
a
very
different
set
of
customers.
And
then
we
were
layering
out
a
second
layer
of
complexity,
which
was
doing
leadership
exec
coaching.
We
were
doing
consultants,
marketers,
we
were
doing
a
little
bit
of
health
stuff.
So
it's
just
like
all
over
the
place.
And
so
we
then
said,
okay,
a
couple
of
things
happened.
One
was
I
saw
the
path
actually
to
10
million
of
ARR
in
that
old
world.
I
stopped
seeing
the
path
to
a
billion
run
rate.
And
so
it
was
like,
I
felt
like
we
were
climbing
the
hill,
and
the
top
of
that
hill
wasn't
the
end
state
we
wanted
to
land
in.
And
we
were
like
still
a
baby
of
a
company.
So
like
we
could
have
kept
going.
It
was
working,
it's
not
like
it
didn't
stopped
working.
You
were
doing
how
much
in
revenue,
more
or
less?
We
were
doing
just
under
three,
two,
three
hundred
K
of
revenue.
Yeah.
But
like
fourpreneur,
like,
you
know,
ACVs
are
five,
10K,
right?
Um,
and
so
we
were
just
like
servicing
that
archetype
of
customer,
generally
speaking.
And
we're
like
at
a
few
hundred
K.
We
had
raised
our
seed
round.
Um,
and
we're
like,
okay,
cool,
you
know,
let's
go
get
to
two,
three
and
raise
an
A,
and
then
we'll
try
to
get
to
10
and
so
on
and
so
forth.
But
again,
going
back
to
like
if
my
co-founder
and
I
lose
the
conviction
that
this
is
a
10,
50,
100
billion
dollar
outcome,
um,
we
need
to
instantly
change
direction.
Even
if
there's
still
a
lot
of
room
to
go,
right?
Even
if
like
we're
at
the
beginning
of
a
hill,
it's
still
a
hill.
As
soon
as
you
see
that
end
state
being
10
to
15
million
of
revenue,
not
500
million
or
a
billion
of
run
rate,
then
now
it's
opportunity
cost.
Now
we're
wasting
everybody's
time,
we're
wasting
our
time,
we're
selling
a
story
to
the
world,
we're
sharing
a
story
to
the
world
that
we
don't
no
longer
believe
in,
right?
And
so
that
obviously
was
like
a
very
big
moment.
The
other
thing
we
started
realizing
also
was
we
had
just
built
a
more
enterprise
great
platform
that
a
lot
of
our
earlier
customers
were
only
taking
advantage
of
10
to
20%
of
the
actual
machinery
we
had
built.
It
almost
felt
like
at
some
point
we
started
selling
the
tank
to
somebody
who
wanted
a
bicycle.
And
we're
like,
why
don't
we
just
point
our
machine
to
people
who
want
to
buy
a
tank?
Like
essentially
exactly
what
we
have
actually
built.
And
so
that's
sort
of
where
we
were
sitting
was
we
looked
at
our
customer
base.
We're
like,
this
tiny
sliver
actually
is
the
future
of
the
company.
And
we
can
build
a
large
business
here
that
is
like
interesting,
that
we
care
a
lot
about,
that
we
personally
have
a
lot
of
deep
conviction
in,
um,
that
a
lot
of
our
team
members
have
a
lot
of
deep
conviction
in,
that
we
have
personally
seen
the
pain
points
consistently
around.
But
the
core
thesis
is
also
consistent.
It's
not
like
we're
full
180ing.
The
core
thesis
of
service
is
heavy,
supply
constraint,
high
quality
is
important,
high
risk
of
failure.
Like
let's
go
build
AI
systems
or
agents.
None
of
that.
Was
there
a
customer
or
conversation
in
healthcare
that
you
saw
that
was
that
was
like
telling
you
that
that
was
the
one
and
not
the
others?
Uh
yes,
a
lot
of
health
coaches
started
coming
to
us.
And
then
that
customer
that,
you
know,
bought
us
um
during
that
Christmas
break.
That
10K
enterprise,
yeah.
That
that
went
to
that
was
a
240k
deal
essentially.
The
first
that
would
be
like
basically
we
double
the
company's
revenue
overnight
with
one
new
customer.
Um,
and
we
were
like,
oh,
great,
yes.
They
see
the
long
term,
they
see
the
we
have
such
a
good
fit
here.
Let's
go
and
focus
only
on
that.
And
then
we
did
the
hard
decision
of
actually
churning
everybody
else,
fully
refunded
them,
found
them
a
new
home,
like,
you
know,
made
them
whole,
but
we
stopped
working
with
what
percent
of
your
revenue
was
that
at
the
time?
Um,
well,
100%
of
our
old
revenue
we
churned.
Everybody.
We
started
from
scratch
on
the
revenue
side
of
things
and
rebuilt
from
the
ground
up,
but
we
crossed
our
previous
high
within
two
months,
and
then
like
5x
that,
and
then
10x
that.
And
so,
like,
we
started
the
bet
that
we
had
made
the
hard
decision
worked
out
very
quickly.
And
again,
that's
when
I
started
feeling
the
pull
from
the
market,
was
when
we
narrowed
the
focus
and
went
to
enterprise.
Was
that
hard
to
sell?
Like
you
and
the
founder
to
you
and
your
co-founder
to
align
it.
Was
it
hard
to
sell
to
investors?
Was
what
was
the
hardest
part
of
having
to
churn
out,
like,
you
know,
today
you're
like,
well,
it's
200k
revenue,
whatever.
But
at
the
time,
like
it
was
100%
of
your
revenue
or
80%.
It's,
you
know,
it
didn't
come
easily.
You
know,
I'm
really,
really
fortunate
that
it
was
not
hard
with
my
co-founder.
We
were
very
aligned
very
quickly.
We
were
just
like
in
sync
instantly.
We
did
not
even
have
to
debate
too
much
or
argue
too
much
about
this
decision.
We
were
like
very
quickly,
like,
yeah,
this
makes
a
lot
of
sense.
Um,
and
we
were
very
open
with
our
team
as
well.
We
were
very
open
and
very
transparent
with
our
team
around
here's
what
we
are
thinking
right
now.
Here's
what's
working,
here's
what's
not.
We
actually
did
like
a
45-day
sprint
to
make
a
decision
on
a
pivot.
Like
we
did
it
very
openly.
And
we,
again,
fortunately
had
to
have
a
really
strong
founding
team
who
all
believed
in
us
as
leaders
and
understood
the
nuances
and
the
pros
and
cons
and
how
we're
thinking
about
things.
And
investors,
again,
we
were
lucky
because
they
were
just
like,
we
bet
on
YouTube.
That's
the
whole
reason
why
we
bet
on
this
company
is
we
bet
on
YouTube.
So
if
we
if
you
truly
believe
this
and
you
we
understand
the
logic
and
how
you're
thinking
through
this,
we're
in.
So
it
was
not
actually
quite
hard
to
do
this,
which
was
the
very,
very
fortunate
part,
I
Final Advice And Closing Prompts
51:22
think,
for
me.
We'll
end
it
there.
I'll
just
ask
that
one
last
question
we
always
end
on.
What
would
be
like
your
number
one
piece
of
advice
for
a
founder
that's
kind
of
in
the
you
know,
pre-seed,
seed
stage,
finding
product
market
fit?
Validation
only
happens
when
dollars
exchange
hands.
Period,
full
stop.
It
does
not
matter.
There
is
no
other
explanation
or
excuse
other
than
that.
That's
one.
Two,
your
co-founder
is
so,
so,
so
important.
I
went
and
lived
with
my
co-founder
in
a
tiny
studio,
had
breakfast,
lunch,
dinner,
spent
24-7
together
for
a
few
weeks,
worked
together
for
a
few
months
before
we
went
all
in
and
made
the
decision.
From
CEO
to
CTO,
like
the
way
I
think
about
it
is
your
CEO
needs
to
be
able
to
sell
anything
your
CTO
can
build.
Your
CTO
needs
to
be
able
to
build
anything
your
CEO
can
sell.
And
as
long
as
those
two
things
are
true,
there's
a
really
good
match
and
you
can
go
build
them
as
a
company.
And
I
think
that's
like
becomes
very
important
as
you
think
about
who
is
your
co-founder,
who's
gonna
be
there
10
years
from
now.
Perfect,
man.
Well,
dude,
thanks
for
sharing
the
story.
I
think
a
lot
of
value
is
transferred
to
founders
here.
So
appreciate
it.
Of
course.
Thanks,
Pablo.
Take
care.
So
picture
this
it's
months
from
now,
years
from
now,
and
one
of
your
founder
friends,
a
really
close
founder
friends
of
yours,
guess
what?
Their
startup
went
bankrupt.
And
it
turns
out
if
you
had
just
shared
the
product
market
fit
show
with
them,
they
would
have
learned
everything
they
needed
to
to
find
product
market
fit
and
to
create
a
huge
success.
But
instead,
their
startup
has
completely
failed.
You
have
blood
on
your
hands.
Don't
let
that
happen.
You
don't
want
to
live
like
that.
It
is
terrible.
So
do
what
you
need
to
do.
Tell
them
about
the
show.
Send
it
to
them,
put
it
on
WhatsApp,
put
it
on
Slack,
put
it
where
you
need
to
put
it.
Just
make
sure
they
know
about
it
and
they
check
it
out.