Ep 5 - Heikki Haldre - Exiting to Rakuten, how to build visionary products and why product-market fit should always be your starting point.

30/07/2024 45 min Temporada 1 Episodio 5
Ep 5 - Heikki Haldre - Exiting to Rakuten, how to build visionary products and why product-market fit should always be your starting point.

Listen "Ep 5 - Heikki Haldre - Exiting to Rakuten, how to build visionary products and why product-market fit should always be your starting point."

Episode Synopsis

Heikki Haldre, a serial entrepreneur with four exits, shares his insights on building successful startups and achieving product-market fit. He emphasizes the importance of understanding the problem and market before building a product. He also discusses the challenges of creating MVPs for visionary products and the need to involve customers early on. Haldre highlights the significance of aligning the team's understanding of the value proposition and the market. He also shares his thoughts on when to focus on a specific strategy or product. Heikki Haldre discusses the importance of delivering value to customers and the role of customer validation in the early stages of a startup. He also shares insights on acquisitions and the common mistakes that occur during the process. He emphasizes the need for founders to have knowledge and guidance on building a company for exit. Heikki also talks about the challenges and successes of his own startups, including FitsMe and Miros.Keywordsserial entrepreneur, exits, startups, product-market fit, understanding the problem, market research, MVP, visionary products, involving customers, aligning the team, focus strategy, customer validation, delivering value, acquisitions, mistakes, exit, startups, FitsMe, MirosTakeawaysUnderstand the problem and market before building a productInvolve customers early on to validate the productAlign the team's understanding of the value proposition and marketFocus on a specific strategy or product when there are clear signals of success Focus on delivering value to customers rather than just sellingCustomer validation is crucial in the early stages of a startupAcquisitions can be a profitable growth strategy if done rightLack of a data room and culture clash are common mistakes in acquisitionsFounders need knowledge and guidance on building a company for exitBuilding a successful startup requires conviction, alignment, and perseveranceTitlesInvolving Customers Early on for ValidationThe Importance of Understanding the Problem and Market Building a Company for ExitCommon Mistakes in AcquisitionsSound Bites"Sometimes the best founders come from different industries.""I really wanted to change the world.""Customer money is the one that validates that your idea is good.""Where do we deliver value? Nobody else can deliver well.""Is it about helping e-commerce brands actually sell more? Or is it deeper than that? Is it about understanding how their products are viewed, what their customers are thinking about?""Your product is early days. First MVP doesn't deliver probably any dollar value, right? Your version 1.0 delivers just a tiny bit."Chapters00:00 Introduction and Background05:56 Building Products and Achieving Product-Market Fit15:57 Understanding the Problem and Market28:12 Acquisitions and Growth Strategy38:45 Challenges and Successes of FitsMe and Miros Hosted on Acast. See acast.com/privacy for more information.

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