Why Startups Fail Within 3 Years

[@AlokBadatia]

Hey Kader, Getting in shape with each passing day. hatsoff

[@TKKader]

Thanks, man!

[@SandeepSingh-fb4ex]

Hi alok ji. I am ur subscriber also. Happy to see u here

[@ЮрийЛ-л2б]

now I see blinking light. I shared your channel in buildspace, ppl will be inspired by your structured information

[@TKKader]

Appreciate it!

[@sergiofermin5482]

Appreciate your channel! Great content!

[@TKKader]

So glad you enjoyed this!

[@nxyxl4017]

What an amazing video

[@TKKader]

🙏🏼

[@bebekim8096]

Amen to these 3 lessons! 😅

[@TKKader]

🙏🏼

[@SandeepSingh-fb4ex]

Awesome tk bhai

[@TKKader]

🙏🏼

[@mateuszwozniak4746]

However, what if customer don't want buy product because competition has more features? Should I implement it or just look for other potential customers?

[@bebekim8096]

I’m interpreting the main pt to be “don’t let building features be an excuse to not constantly reaching out to customers”. The fact that you found this out by talking to this customer seems like you are already not falling into this trap. Put this feature into product roadmap and keep talking to customers!

[@TKKader]

100%

[@webdeveloperninja9220]

Love the 1 more feature trap. Every line of code is a liability

[@TKKader]

Absolutely

[@jbbenefitsconsulting1824]

TK Energy!

[@TKKader]

Boom!

[@brucebondi6104]

Can a non technical founder get started with a 1st draft in No Code? To test the market and get feedback from prospective clients.

[@TKKader]

Absolutely!

[@brucebondi6104]

@@TKKader Great! I will start today !!!

[@MateoRattagan]

Amazing, as usual. Thanks, TK! Question: What if the product you're building is composed of crucial modules that must be built before the product can be used? (ie: for a POS system, crucial modules would be stock, sales, payment methods - you need all three for the user to get the value from the product)

[@TKKader]

The risk here is that you may build all of that, but still not be as good as the incumbent. Hence, the one more feature trap.

[@MateoRattagan]

@@TKKader the incumbent would be the current product they're using? In this case, they're using pen and paper. Users have tested our product, liked it, but demand for some missing features (ie: in our product, they can control their stock, register their sales, but they still cannot see the payment methods used from their sales)

[@coderabsolute9583]

@@MateoRattagan Payments are crucial to get the sale done. Stock must be reduced when the sale happens. But, don't spend time building fantastic analytics, reports in the beginning, later eventually you would need it or maybe they will tell what is so crucial for them and those reports would be so crisp. Also, don't build the master data screens with import, export and lovely data entry screens. Instead, help to import their data if they already have in CSV or excel sheets from the backend.

[@jbbenefitsconsulting1824]

Great question Mateo. I'm just in the middle of preparing my "crucial modules" myself. Will be curious to see TK's response!

[@MateoRattagan]

@@coderabsolute9583 good point. in my case, I'm just building the most basic stuff for them to use the product. thanks for your input

[@emee__]

Hi, please can you explain Funding for saas, recently I saw a blog post about a saas that shutdown due to inability to secure funding, aren't they making enough money to keep the saas going? Lazerpay is the saas for more context

[@TKKader]

SaaS Fundraising markets are definitely tough right now but not impossible if you're going after a venture scale idea. I have an entire playlist on VC Fundraising here: kzbin.info/www/bejne/oXLHlGewerV2pMU

[@Nowitis11]

Heyy , can you talk about open AI plugins and saas.

[@TKKader]

Absolutely! I did an episode on this covering the 7 Best AI Businesses that you can start: kzbin.info/www/bejne/oIXVmWR-nM1sgZo

[@CodeZakk]

Yes

[@TKKader]

🙏🏼

[@bilalahmed815]

YES!

[@TKKader]

🤗

[@newmanmo2]

YES

[@TKKader]

🤗