I’m the founder of http://Trends.vc. A newsletter and community helping founders discover new ideas and markets.
Ask me anything about nomading, masterminds, habits or community building. I'll be answering all questions on Wednesday, the 3rd of August 🙌
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Hi Dru, which business models are the most capital efficient that you come across? It would be interesting to spice up the question up with "from the past 2 years", "the present", and "the next 2-3 years". Thanks
@kaisen2350 Network effects are hard to beat. So marketplaces and social networks. This would withstand the past 2 years constraint and the next two years constraint. Even if we're looking at NFT projects in 3 years. They still employ network effects.
The question becomes more interesting if we ask the same question for business models that are easy to bootstrap.
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Hello Dru,
Thanks for the AMA.
What was your most important daily task while you are reaching the first 1000 subscribers to your newsletter?
@aaronoleary We are extremely thoughtful about the number of channels we have and "design" of the community. @stewartfortier was a big inspiration here.
Since rituals have the same "rules" each time. It makes things easier. We've done standups for 600+ days. The system has been honed.
Hi Dru Riley,
Thanks for opening this thread. 😀
We are making a product, a plug-in for Jira, which is currently in beta testing, but is progressing slowly so far.
In addition to this, in parallel, we decided to pre-launch a new product (related to the previous one but more ambitious) and try to sell it before the initial launch 🚀.
https://www.producthunt.com/disc...
Have you had experience with such a launch?
Please advise what we are doing right and what we need to improve?
Looking forward to your advice.
@sergeipetrov Everything I've learned about Product Hunt launches went into this post: https://www.indiehackers.com/pro...
One thing that wasn't included: If you're aiming for Product of the Month, launch earlier in the month. It's obvious but easy to miss.
@dru_riley Thank you for your response and for what you are doing. A really interesting format and your interest in interacting with the community is obvious. Keep it up!
We are working on a product like Grammarly in the B2B space, like assume instead of it being a grammar correction product, the focus is on removing offensive messages, racism etc. from communications. Should we assume that people might not be that thrilled to come face to face with their bias, in such a scenario what would you suggest to effectively market our product.
@pranav_sathiadevan As you said, it seems like success would depend on community managers knowing that they have this problem. My bet is that most successful people don't put their head in the sand when it comes to these things.
I recently heard an interview with Pieter Levels where he talked about the need to hire a moderator for the NomadList community. Some folks are aware of this problem. The hard question is: How do you reach them at this stage of the buying cycle?
One idea is to build the relationship earlier and stay top of mind until the community grows to a hard-to-manage size. This depends on building a lead magnet and providing continuing value.
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Hey Dru, just joined Trends.vc! The web looks amazing. Also, interested in One-Person Businesses right now. What's your idea first comes in your mind about One-Person Businesses?
@ayena_umar Thanks for joining Ayena. Leverage (no-code, social media, etc) seems like a big reason why one-person businesses are more common than ever. So leverage is the first thing that comes to mind.
Is there a category name for websites whose core value in it is content? like Trends.vc, resource curating websites, tips & tricks, design checklists .. etc
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