When to Pivot, Gaining Trust From Early Adopters and How To Handle Credit Card Expirations

Episode 184 |  When to Pivot, Gaining Trust From Early Adopters and How To Handle Credit Card Expirations
Date: 2014-05-13
Link: Startups for the Rest of Us
Unless you have paying customers or a decent sized launch list you should pick cheap hosting.
Don’t pivot too early.
Stripe’s subscription API is good to use because other services can tie into it.
Value proposition needs to overcome the trust issue.
Day to day your gut feeling will change. Especially if there is a lot of money on the line.
You can’t serve too many masters with your product.
The clearest path to profitability is recurring revenue.
Don’t build a business where you are taking a small percentage of each transaction because you probably won’t get the volume.
You need to be able to answer how your product is better than a big competitor in one sentence.