Daniel Priestley
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then a small 5% of people are willing to pay $20 a month.
The numbers are just astronomically out of balance.
There's not a 0% chance that the financial model around what we've launched with AI is catastrophic.
It's a huge financial problem that very few people are talking about.
It's the entrepreneurial skill set that is the most important skill set.
It is essentially the skills of identifying an opportunity, prototyping fast and cheap experiments to see if you've got something that people want.
taking it to market, making your initial sales, scaling up to your addressable market, and then exiting and then coming up with a new idea.
Because even if you're in a big corporate, they're going to want to prototype things.
They're going to want to spin out new products.
They're going to want to come up with new initiatives.
And we need to step through that process of, is this a good idea or not?
Can we validate it?
Can we scale it?
And you want to go through that process as fast and as cheap as possible the way an entrepreneur would.
Yeah, this is a step that entrepreneurs call validation.
And the rookie entrepreneurs that fail, they don't do this step very well, right?
So they don't do market validation.
They don't do product validation.
They simply get excited about an idea and then they go all in on the idea.
And what really experienced entrepreneurs do is that we come up with ways to do fast, cheap experiments.