Aired 9 months ago 3:42
eric torbert Discussed on Venture Stories
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Aired 8 months ago 57:19
Live Episode: An Interview with Erik Torenberg at Venture For America in Detroit
Erik was interviewed by Jacob Evan Smith (@jacobsmith88) at Venture For America in Detroit, which is where Erik attended the University of Michigan before he started his live rap battle app, rapt.fm. In this episode he talks about founding and running rapt.fm, why it didnâ€™t work out, and how he ended up joining Product Hunt before co-founding Village Global. Erik explains why itâ€™s not important that entrepreneurs get it right the first time, but instead that they donâ€™t stop trying. He talks about why lifestyle businesses are unfairly looked down upon in startup world, the usefulness of failing, and why you need to keep your identity separate from your company. He also talks about why you want to do things that seem hard to other people but easy to you and why when building a network you should give without taking, without thought of what you might get in return. Thanks for listening â€” if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal. Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.
Aired 3 months ago 43:39
A Deep Dive on Community Building with Scott Heiferman
Erik is joined by Scott Heiferman (@heif), co-founder of Meetup. They discuss the reason that IRL (in real life) meetups are important and why in-person contact cannot be replaced by virtual interaction. They talk about some of the most important communities that have started in the past, particularly involving religion, and why the connections they make have been so powerful. Scott mentions the health benefits of belonging to a community and talks about the importance of network effects in building new groups. He also talks about what makes a successful community and how people looking to build communities can make theirs grow. Thanks for listening â€” if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal. Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.
Aired 4 months ago 73:33
Live Episode: Lean Startup Lessons For Founders with Eric Ries and Ben Casnocha
Eric Ries (@ericries) recently joined Village Global co-founder and partner Ben Casnocha (@bencasnocha) in San Francisco to chat with some of the founders of our portfolio companies. Eric is a Village Global LP, friend of the firm, and author of The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. Over the nearly 75-minute session, Eric gave a masterclass in Lean Startup techniques, addressed questions from founders on some of the finer details of the framework, and shared what he has learned from his entrepreneurial journey in the early 2000s as well as more recently as founder of the Long Term Stock Exchange. Eric and Ben start out by talking about uncertainty as the core of a startup and the stark contrast between planning in an early-stage company versus in a large enterprise. Eric points out that those in the startup world take for granted certain startup best practices that â€œwould get you fired in any big company.â€ He talks about the need for structure around entrepreneurial exploration, including making oneâ€™s hypotheses explicit and rigorously testing them. Eric discusses the difference between customer discovery and customer validation. He tells the story of a founder who interviewed prospective customers and was told that the product was great and that they would use it, but that when he asked those same customers to put their name to a letter recommending their bosses purchase the product, not one would do so. â€œThe ideas that sound big are usually not the things that end up big.â€ They move on to a discussion of pivots and why Eric says that in virtually all cases, after having pivoted, founders say they wish they had done so sooner. He explains why every six weeks is an ideal cadence for a â€œpivot or persevereâ€ meeting. MVP (minimum viable product) has become household term that was popularized by Eric. He discusses how founders can get over their fear of shipping something they perceive as incomplete and why he says the ideal MVP has â€œway fewer features than you think it needs.â€ He fields questions from Village founders on MVPs and talks about how small companies should think about their MVP when targeting large companies as customers. â€œEngineers always think that more features will solve any problem.â€ Eric explains what he means when he says that â€œentrepreneurship is a process of self-discoveryâ€ and why managing yourself and your own emotions as a founder can be equally as important as managing those of your team. He also addresses some of the criticisms of the Lean Startup methodology and common misunderstandings of the framework. â€œI truly believe that entrepreneurship is a process of self-discovery. I think that two people working on the exact same company, encountering the exact same evidence, and deciding on a pivot, would probably choose two different pivots if they had different values. You discover something about what you really care about.â€ Along the way, they discuss some of the seminal works in entrepreneurship, like The Four Steps To The Epiphany by Steve Blank and Crossing The Chasm by Geoffrey Moore. Thanks for listening â€” if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal. Venture Stories is brought to you by Village Global and is hosted by co-founder and partner, Erik Torenberg. Colin Campbell is our audio engineer and the show is produced by Brett Bolkowy.