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Dmitry Gurski

๐Ÿ‘ค Speaker
576 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

When you start monetization, you're getting revenue and you may use this revenue to build product or to raise big around and then you create better product and flywheel starts to work, but then you invest more and more and more and distance between you and competitors is getting bigger and bigger.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

When you start monetization, you're getting revenue and you may use this revenue to build product or to raise big around and then you create better product and flywheel starts to work, but then you invest more and more and more and distance between you and competitors is getting bigger and bigger.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

When you start monetization, you're getting revenue and you may use this revenue to build product or to raise big around and then you create better product and flywheel starts to work, but then you invest more and more and more and distance between you and competitors is getting bigger and bigger.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

And when you don't have monetization, you should be very scrappy, and development is very frugal, and development is very slow.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

And when you don't have monetization, you should be very scrappy, and development is very frugal, and development is very slow.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

And when you don't have monetization, you should be very scrappy, and development is very frugal, and development is very slow.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

In health and fitness, it's difficult to find the cases with good retention. There are some cases, for example, wearable devices, they have very good retention just because you have physically them. Have you thought about doing devices? No, no, no, no. Because you always should be focused. You always should be focused.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

In health and fitness, it's difficult to find the cases with good retention. There are some cases, for example, wearable devices, they have very good retention just because you have physically them. Have you thought about doing devices? No, no, no, no. Because you always should be focused. You always should be focused.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

In health and fitness, it's difficult to find the cases with good retention. There are some cases, for example, wearable devices, they have very good retention just because you have physically them. Have you thought about doing devices? No, no, no, no. Because you always should be focused. You always should be focused.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Once I got a very good lesson from Vinod Khosla, founder of Khosla Ventures, many years ago. And that moment our company was big enough and we had many ideas how to build our product and many ideas for monetization, because audience was big. I was pitching to him, describing, we may do that, that, and that, and that. And at the end of my pitch, I asked him, Vinat, you're very experienced.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Once I got a very good lesson from Vinod Khosla, founder of Khosla Ventures, many years ago. And that moment our company was big enough and we had many ideas how to build our product and many ideas for monetization, because audience was big. I was pitching to him, describing, we may do that, that, and that, and that. And at the end of my pitch, I asked him, Vinat, you're very experienced.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Once I got a very good lesson from Vinod Khosla, founder of Khosla Ventures, many years ago. And that moment our company was big enough and we had many ideas how to build our product and many ideas for monetization, because audience was big. I was pitching to him, describing, we may do that, that, and that, and that. And at the end of my pitch, I asked him, Vinat, you're very experienced.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Could you give me just one advice, but the most valuable, you think, for me? And he said, young man, business and product building is very similar to marriage. You have many opportunities before your marriage, but to be happy, you should choose one and really focus. And my advice to you, choose one business model and be really focused. And I learned this lesson and I was very focused since.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Could you give me just one advice, but the most valuable, you think, for me? And he said, young man, business and product building is very similar to marriage. You have many opportunities before your marriage, but to be happy, you should choose one and really focus. And my advice to you, choose one business model and be really focused. And I learned this lesson and I was very focused since.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Could you give me just one advice, but the most valuable, you think, for me? And he said, young man, business and product building is very similar to marriage. You have many opportunities before your marriage, but to be happy, you should choose one and really focus. And my advice to you, choose one business model and be really focused. And I learned this lesson and I was very focused since.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

And I had a huge resistance to all proposals to take any other opportunities.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

And I had a huge resistance to all proposals to take any other opportunities.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

And I had a huge resistance to all proposals to take any other opportunities.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Yeah, for some extent, but you may solve this problem by org structure. You may create teams which solely focused on own part of the product, and for them it's a single product, and they have full focus on this product. And in our company, each team has own part of product to own. Then you have a difficulty to combine all this product.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Potato Farm to $200M in Revenue: The Never-Before-Told Story of Flo Health: Scaling to $1BN Valuation, 75M Users & Getting 100s of No's From Investors Along the Way with Dmitry Gurski

Yeah, for some extent, but you may solve this problem by org structure. You may create teams which solely focused on own part of the product, and for them it's a single product, and they have full focus on this product. And in our company, each team has own part of product to own. Then you have a difficulty to combine all this product.