
The Emotional Cost of Finding Product-Market Fit
It takes a lot to take the leap and start a company. And knowing when to pivot is the single hardest problem in startups.
Writing and essays from @gerstenzang
Live Last read · last published · next check

It takes a lot to take the leap and start a company. And knowing when to pivot is the single hardest problem in startups.

We discussed Costco's beginning, how it built its brand, competition with Amazon, and how to operate

There’s a popular Silicon Valley view that a founder or company should not be criticized.

Focus is *the* key lever of strategy but it’s so often misunderstood, and even more frequently ignored.

Most incubators are structured in a holdco + fund model, which beyond being significant work to administer, has a number of trade-offs.

After three and a half years, this is a compliment of sorts to Operating well – what I learned at Stripe.

[Ed.

Every category has a transition point from when the ‘easy’ things get done to when the hard ones remain.

I learned about the engineering concept of ‘steel threads’ about ten years ago from a colleague who had come from Microsoft.

So much of being a founder is staring down two options and neither looks particularly good.