Marie Prokopets

Iโ€™m Marie, my startup just pivoted and rebranded, AMA ๐Ÿ”ฅ

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I've had a wild ride of a career as an exec in large corporations and as a startup founder. I worked with celebrities in the alcohol industry and on $26 billion worth of M&A deals. Then I built multiple products (some of which are ๐Ÿ’€) as part of my own startup journey. Iโ€™ve won awards for my comedy writing and was named Product Hunt Maker of the Year in 2019 ๐Ÿ˜บ. Recently I pivoted my business from a document search tool to a product for IT teams to protect company documents from unauthorized access. Also, I like to meditate, burn sage, commune with nature, and collect crystals. ๐Ÿ‘‹ I'll be here on 06/10 at 11 am pt to answer any and all questions about startups, pivots, product development, remote work, personal development, transitioning from corporate to startups, writing, the future, and me ๐Ÿ”ฎ. Drop your questions below ๐Ÿ‘‡
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Chris Muth
Hi @marie_prokopets - thanks for doing this! How do you and @hnshah divide responsibilities on the business and where do you purposefully overlap?
Marie Prokopets
Hi @chris_muth ! Early on, Hiten and I didn't divide that much because we were building the foundation of the business. Later, we ended up dividing who owned what by category, like Sales, Marketing, Product, Legal/Compliance, etc. And just because one of us owns something, it doesn't mean we won't collaborate on some of the tasks. The framework we use is simply, who is Batman and who is Robin on a given segment or set of tasks. And we also allow the responsibility splits to change over time as the organization grows. For example, Hiten might own one set of tasks, but as we scale and hire people it may move over to me. We also make sure to play on our innate skills and our knowledge base. For example, I am super detail oriented and have a lot of experience working on contracts and with lawyers, so I end up owning all things legal and compliance related.
Chris Muth
Sharath Kuruganty
Hey Marie! Thanks for doing this. I have two questions for you: 1. From a mental state, how did you take the pivot? 2. What advice you give for founders who are still in PMF phase and also thinking about pivoting?
Marie Prokopets
@5harath Hi Sharath! Thanks for having me :) "1. From a mental state, how did you take the pivot?" I was so very excited! We had found an opportunity that was even larger than the initial document search opportunity. And we were having so much interest from IT teams, so it was clear signal that people would buy our product. But then, enter in the doubt. I was worried - were we wrong? Would we regret focusing on document access control and stopping our work on document search? The doubt was quickly demolished by logic. We dove right in to understanding the rationale for changing directions, and why the new direction was way more appealing than the old. FOMO can pop up, but it's easy to get rid of, too. "2. What advice you give for founders who are still in PMF phase and also thinking about pivoting?" My advice to founders who are thinking about pivoting is to be absolutely sure about the pivot. Ask yourself all the questions - the hard ones included. Are you sure it's the right direction? Is your hunch backed by data and customer insights? Can you build the product you want to build? Will people buy it? Why are you dropping the other thing you were working on before? Why are you pivoting in the first place? Is it for the right reasons? Inquiry should help you get to the right answer - document what you learn and make sure you're being real and unbiased. And of course, make sure you've talked to customers and done your research.
Melissa Joy Kong
Hi Marie! I am really enjoying reading your responses to some of these other questions! There seems to be a seemingly never-ending narrative in our culture that emphasizes the importance of having "a thing"โ€”being passionate about one specific career path, company, or even product/service. I'm torn about this narrative. As a multi-passionate person, there is a part of me that deeply enjoys helping people and businesses with everything from writing speeches and books, to developing marketing and business optimization strategies. The variety is fun for me. But, it's also incredibly hard to explain what I do (which feels important for the sake of people knowing how to refer or hire me) and sometimes it leaves me feeling a bit directionless. As someone who is also multi-passionate and has been brave enough to test out many different startup ideas, what do you think about this cultural narrative? What advice would you give to someone who hasn't figured out what their "one thing" isโ€”yet or ever?
Marie Prokopets
@melissajoykong Hey Melissa! I love that you've identified the social pressure to have one "thing", and that you see yourself as a "multi-passionate person". Knowing you and your interests, I would absolutely call you a multi-passionate person, and I think that's beautiful. It's so wonderful that we as humans have the skills to be good at many things at once, to shift our careers and lives, to learn new things, and even start over in our 50s or 60s with new skills. I think oftentimes we can create lots of stories about why something we're doing is wrong or bad or will be negatively perceived. I've had my fair share of stories. "If I tell people about my raunchy comedy scripts, they won't think I'm professional" "If anyone finds out I'm into crystals they'll judge me" "How can I be bad ass at business and also woo woo spiritual?" "I need to dress uber professionally for anyone to take me seriously, even if I hate what I have to wear." These are literally just stories and not based in reality. It's your brain trying to keep you safe. You can either ignore the stories, or rewrite them. For example, I am a multi-passionate person and people love me for it. Or, I've got a lot of passions and I'm even more of a gift to the world thanks to them. You are awesome no matter what you do Melissa! And the fact that you can do so many things and have so many interests makes you even more amazing, because it's the truest manifestation of who you are. My advice to you and anyone else who has or hasn't figured out their "one thing" is just to be yourself. Unapologetically yourself. That's what will make you happiest and makes the world a better place!
Aaron Chiandet
Hi @marie_prokopets , thanks for taking the time to do this! Given your breadth of product verticals, what's the best advice you can give for building alignment around your idea, and more importantly, maintaining engagement on your team? I've solely focused on motivating developers which can have a unique set of challenges but I suspect the variance of team structures you've been a part of exposes you to potentially unique solutions or strategies.
Marie Prokopets
@aaron_chiandet Hi Aaron! Take a look at my answer to Jonathan's question above yours, which covers being customer obsessed and answering specific questions for the team based on customer learnings. The key for us at Nira is to focus on the customer and share learnings with the team. That way the alignment is automatically built in. And if you hire folks who really care about the customer, they'll be engaged too! Another thing to consider is, what makes you so sure about the idea/course of action? If you can help explain your thought process and what evidence is keeping you engaged and contributing to your decision, the team should be able to get there too. It's all about context and taking them on the same journey you've been on.
Michael Kohn
Hey @marie_prokopets! I wonder if you believe your ๐Ÿ’€ projects are truly ๐Ÿ’€ forever? Or whether you might be able or want to revisit any in future? Perhaps in some subtly different guise should the context, market conditions, timing be right for a second go? Or do you believe on reflection, the fundamental foundations of these products was missing so much, best leave them RIP, and just take the learnings?
Marie Prokopets
Hey @makohn ! Very good question :) I don't like to close the door forever on products we've built... So anything is possible in terms of reviving older products or building new versions of them. Primarily it's all about the customer - is this something the customer needs? Is it solving a painful problem for them? Do we have the bandwidth to work on that problem? What are we sacrificing by doing that? We also still use the products ourselves, like Draftsend and what used to be FYI (the document search app) so in that sense we still get value out of the products ourselves. As for products we've pivoted from, I will take the learnings from those any day over changing history and not doing what we did. We learned so so much and every iteration got us to the next. We literally wouldn't have been where we are with Nira had we not build the enterprise search app and learned everything we did. So on my end, there are no regrets in terms of products that we stopped focusing on.
Pradip Khakhar
Hey Marie, thank you for sharing your knowledge. What unexpected obstacles did you face during the pivot and how did you overcome them? (also can't wait to learn about your SOC2 experience. They are a pain lol)
Marie Prokopets
@pradipcloud Hi Pradip! On the customer learning and execution side we really didn't have any obstacles. We were lucky to get large customers early and to learn from them and keep iterating the product. The biggest obstacles we hit was making a quick decision to put all of our focus on Nira, instead of working on the document search app. Initially, we wanted to build everything. Which included new features for the search app, plus the entirely new business. Hiten and I got pushed by one of our investors about that decision, which helped kick off our thinking seriously about choosing one direction over another. We were super super super convicted about the document access product. So the question was, was it worth pursuing the search app anymore? The answer was a big no, after we reflected more about the category and what it would take for us to keep building a product in it. We still think we build a really powerful product, but the choice between building a product for IT vs the search product was quite easy for us to make! As for SOC 2 (and now ISO for us too) experiences, I cannot wait to share more soon :)
Pradip Khakhar
@marie_prokopets Thank you, Marie ๐Ÿ™
Scott Hanford
Hey @marie_prokopets - thanks for doing this! I'm curious if you have any good frameworks for when and how to think through the pivot. On the latter portion of "how" to pivot for example) you could pivot to a different persona or problem where your tech is better suited. Or you could dramatically change the product to better solve the problem you were going after in the first place. And I'm sure there are many other axes to think about this sort of thing. I'm curious to hear if you have any good approaches and frameworks for thinking through this.
Marie Prokopets
@scott_hanford Hi Scott! There are 3 different types of pivots: - Product Pivot - You learn that one part of your product is way stickier than the rest, and your customers care a lot more about it. - Customer Pivot - You learn that there is a new segment of customers willing to pay more for your product than your current customers. - Problem Pivot - As you talk to your customers and do research, you discover they have way bigger problems than the ones youโ€™re trying to solve. The way you end up thinking about the pivot and the frameworks you use depend on the type of pivot it is. Ours was a Problem Pivot - there was simply a way more painful problem for us to solve, and for a very specific customer (IT). I'm pasting a bit from my response to Sanchit Korgaonkar here to explain how we validated the need to pivot and what our decision matrix was: - Customer Need - Is there a customer problem and need? The problem was there and super painful. We had folks lined up to use our product, and had interest from large customers and hyper-growth companies. It was very clear, and the more we dug in, the more conviction we had to pivot. - Technical Chops - Did we have what it would take to build this product? And do it really well? The answer was absolutely yes! We had learned all about working with APIs from the search app (we integrated with 24 collaboration apps). And we had a ton of knowledge that we'd learned over the years that we could use on the document access control product. We basically had years of experience, knowledge and tech that fit perfectly with the new direction. - Our Interest - We as a team had to be interested in the new direction. Or else, why build it? We were already in the document space, so it was an easy switch. We also love solving customer problems, so in that sense it was so so easy to shift our focus, since the customer problem was clear. And very painful for customers!
Himanshu Agarwal
Hi @marie_prokopets and @hnshah for talking about pivot so openly. By following Hiten mails I was already following this pivot journey. I want to ask how you guys have handled pivot at this level? How investors, team, clients reacted and is there any framework you figured which can be applied to all the business to successfully pivot? Thanks already!
Marie Prokopets
Hi @designerbaniya So glad to hear that you followed along in our emails! Check out my response to Scott Hanford about the frameworks we used to determine if we should pivot. In terms of how folks responded, I've covered how our team responded in my response to Jonathan Ng. The customers for the document access control product were totally different from our document search customers, and we kept the document search app working for folks, so there wasn't anything to handle there. We of course made sure that the new problem we were going after (helping teams protect company documents) was painful and worth pursuing. We did this through a lot of customer research and by actually acquiring early customers with hundreds and thousands of employees. Our investors took the news incredibly well, because we had the customer research and adoption to back it. As long as you start with the customer problem and need (and in as unbiased a way as possible), you'll be able to take people on the journey with you.
Brengues Alexandre
Hey @marie_prokopets ๐Ÿ‘‹ You did a lot of customer/market research to develop FYI. Do you think that you could have avoid this pivot with a stronger research approach ? Do you have modified your research approach with the insights you gained from this experience ?
Marie Prokopets
@abrengues Great questions! "Do you think that you could have avoid this pivot with a stronger research approach? Do you have modified your research approach with the insights you gained from this experience ?" No additional amount of research would have caused us to pivot sooner. We didn't drop the document search focus because it was a bad idea or a bad product. Instead, we had to pursue the product for IT because the opportunity was even more massive. Every single thing we learned in building the search app was incredibly useful to us in building the document access control product. We couldn't have even figured out the opportunity for Nira had it not been for the enterprise search app. And we did TONS of research. I wouldn't change anything about the research and we haven't changed our methodology at all. In hindsight, I wouldn't change a single thing about our entire journey with the search app, except maybe deciding to focus on the new product about 2 weeks earlier than when we eventually decided to go all in on it.
Ronald Fernandez
Keep it up!
Marie Prokopets
@ronaldf91305352 Thanks Ronald!
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