Ryan Hoover

Best quotes by Ryan Hoover

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

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1

My favorite part about startup investing: The opportunity to learn from smart people building for the future

2

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

3

If you’re building a side project and serious about it, ask yourself: “What could this become with infinite resources in 3 years?” Observation: Many builders appropriately start small but never think big 🌠

4

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.

5

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 ;)

6

Many people assume a move into "management" is the next step to advance their career and skill set. That’s true for many corporate ladder-climbing career paths, but often not true for startups. IC’s can make a big impact and learn new things for years w/o a single direct report.

7

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. 😊

8

Pro tip: When launching a product, especially for an unknown brand, avoid super-vague-marketing-jazz-hands copy. E.g. I just saw a product described with the tagline, “For anywhere work takes you”. I have no idea what that means.

9

Many people are realizing how much more productive they are working from home. • No travel • Fewer distractions • Better music ;) Of course, some people feel the opposite. WFH isn’t for everyone.

10

More founders need guidance on how to recruit and interview. The team you assemble is arguably the most important determinant of success yet most CEOs learn (and stumble) on the job. Myself included.

11

When asked for advice, remember it’s OK to say “I don’t know.” You’re not helping the recipient by faking it. 😊

12

If your pitch deck only includes cumulative graphs, any partially sophisticated investor will question the entire story

13

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.

14

For those eager to start a startup, consider asking yourself: “What is now possible that wasn’t before with this new technology or platform?” For example, Uber couldn’t have existed before the proliferation of smartphones with GPS.

15

While in person meetings are the best way to get to know someone, video calls are so much more efficient. Less small talk. No travel time (for either party).

16

If you want people to read what you write, be succinct

17

If you showcase customer logos on your site, make sure they ❤️ your product. Potential customers and investors will contact them.

18

Just finished a 2 hour product/marketing session with a portfolio company, which illustrated the importance of SPEED. In the beginning, there are so many things to try. Some ideas will work. Many won’t. Identifying which ideas are 💯 or 💩 quickly is everything.

19

There’s a time to pile people into a room but most team meetings should be canceled and replaced with asynchronous, written communication

20

The future of work is increasingly asynchronous

21

My best work is play

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