Ryan Hoover

Ryan Hoover quotes on founding team

Founder of ProductHunt, Weekend Fund investor. Real likes, no gimmicks. ✌️😸

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1

Founder tip: Send your investors monthly updates. I know it can be annoying and I’ve missed months when things are hectic, but it’s for your benefit. It’s a great way to: - Get help (ask for it!) - Build trust (very important for raising the next round) - Reflect internally

2

Simple advice for founders: Don’t lie in your pitch deck. A friend informed me I was listed as a user of the product in a company’s deck. I’ve never heard of them before.

3

Founders: In your investor updates, consider giving shout outs to the people that helped the company since the last update. It’s a great way to: 1. Recognize those that put in the work 2. Subtly peer pressure everyone else to help ;)

4

Observation: Many entrepreneurs skew their world view to match what they *want* to believe to be true. The result: Wasted time and often failure. I’ve fallen into this trap. Be honest with yourself. 😊

5

Founders, if the problem is obvious you’ll encounter a ton of competition and a graveyard of past failures. Obvious problems require non-obvious answers.

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