“There’s often a desire to keep adding features because ‘Oh wouldn’t it be cool if we could do this or that?’ The reality is if a customer is only spending five minutes with your product, they’re only going to interact with a very tiny subset of your feature set. And so, you’re better off usually improving something that 80% of [customers] interact with that is really core than things around the edges that are more functionality.” - Phil Kimmey
We are very excited to be joined by Phil Kimmey, one of the co-founders of Rover (and a frequent member of various 30 under 30 lists), who designed Rover in its infant stages at a Startup Weekend! In this episode, we dive into Rover’s initial design, how the business model was proved, and wrap up with a lengthy discussion on Value-Add Features vs Data-Driven Features. Phil also provides his opinion on what makes new tech and development teams successful and explains why PayPal still sends Rover’s monthly summary statements to his parent’s house.
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Links from the Show:
Conjoined Triangles of Success
Kindergarten Ventures’ Vanta investment, and building a new Strategy for Venture (with Thomas McGannon)
Reinsurance, Climate + Kindergarten Ventures (with Nat Manning)
The 2022 State of Crypto + Web3 with Solana's Austin Federa
Dissecting ProfitWell's Acquisition (with Patrick Campbell)
David Interviewed on "Unlimited Partners"
Travel for the Creator Economy
Reverse Interview: Ben and David at Vanta
Composer (with CEO Benjamin Rollert)
TradFi vs. Crypto, Explaining BNPL, and What's Next in Fintech (with Bain Capital Ventures' Christina Melas-Kyriazi)
Ben and David on "Capital Allocators"
10-K Diver: Building a Top Fintwit Account and Teaching Finance Principles to Everyone (Pseudonymously!)
NZS Capital Part II: What’s Going on in Today’s Markets? (Plus more Semiconductors!)
Race Capital, Crypto Investing, and FTX + Solana’s Early Days
Italic & a New Era of Online Retail
2021 Recap: Acquired x Not Boring x The Generalist
Mission-Driven Founders, Global Investing, and Canva (with Wesley Chan)
Blue Origin and the 2021 Space Landscape (with Rob Meyerson)
Ben and David on "This Week in Startups" Holiday Special
Joseph Gordon-Levitt: A Fireside Chat
Update on Dad Life, MacBook Pros, and Acquired Video
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