Two Traits Hyper Successful Entrepreneurs have
Plus how IDEO gives feedback
Today at a glance:
Opportunity → Plaid for DNS Providers
Framework → COINS
Tool → Betafi
Trend → Programmatic SEO
Quote → Traits of Hyper-Successful Founders
🤝 A Message from Scott Oldford
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💡 Opportunity: Plaid for DNS Providers
Even if Plaid is being copied by Stripe, the data transfer network model still has tons of potential applications.
One interesting one I saw this week came from Justin Duke, founder of Buttondown. His startup handles a ton of DNS records, but any founder who’s had to manage the DNS for a rapidly growing startup knows it’s a pain.
I could see a product gaining traction that allows SaaS apps to offer automated or one-click DNS integration and setup.
🧠 Framework: COINS
To build an open culture, founders need to lead by example and give quality feedback.
Top design firm, Ideo, has a great feedback model they call C.O.I.N.S. It breaks down the feedback process into four steps that any founder can use to provide good feedback.
Next time you’re preparing to give feedback to a team member, try mapping out how you’ll deliver it in advance using their framework:
🛠 Tool: Betafi
Personally, I prefer Google Meet over Zoom (it’s just more convenient, sorry!).
Betafi is a pretty cool tool that works with Google Meet. It lets you easily capture answers to questions on customer calls or user research interviews without leaving the Google Meet tab. Then it stores the info in tools you actually use like Notion or Figma.
I know AI auto-transcription tools are the new thing, but I think Betafi still has a place in the stack.
📈 Trend: Programmatic SEO
Programmatic SEO is the process of publishing hundreds of content pages focused on long-tail keywords at scale using a database. Many SaaS companies have adopted this as a growth strategy.
💬 Quote: Traits of Hyper-Successful Founders
Startups are hard. Founders need to do more than just be determined and endure hard times — they need to find joy in the struggle.
During my life, I've met thousands of entrepreneurs.
Here are the only two traits that all hyper-successful entrepreneurs share:
1. Far right on the distribution of determination.
2. Ability to enjoy deeply amidst constant struggle.
I suspect 1 is connected to 2 too.
— Ale Resnik (@AleResnik)
May 22, 2023
Whenever you’re ready, here are 2 ways for us to work together: