Wasting $40k vs starting Rent The Runway

Two stories to tell a lesson that has been learned time and time again - talk to your customers and validate your thesis before building.Masters of Scale podcast on Rent the Runway, then read Jennifer Hyman's own writeup. I especially recommend her analysis of the flash sale boom and bust of the 2010's (Groupon, Gilt).I wasted $40k on a fantastic startup idea, then read Hacker News responsesThe Mom Test by Rob Fitzpatrick, with summary

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Two stories to tell a lesson that has been learned time and time again - talk to your customers and validate your thesis before building.

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This episode was published on January 19, 2021.

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