Communication

Co-Founders

The freedom to build as a lone wolf is exhilarating, but collaboration is how to go beyond your own limitations.

It takes more time to collaborate with others, but finding a co-founder can be life changing. Generosity, transparency, and candidness will bring the right people on board faster. Even if it’s one other person who wants to build in an aligned direction, co-founders pave a smoother path toward success.

Good people eager to collaborate can fall in your lap, but finding co-founders usually requires a concerted effort. If you hunt for the right co-founder in the beginning, it will take more time to make early progress. The trade-off is more creative and cultural alignment when things come together. This makes it easier to evolve ideas when a team finds its groove early on.

If you’ve been building as a lone wolf too long, you may have a harder time working with a co-founder. This is because it’s difficult for others to jump on a bus you’ve been driving the whole time. It’s still possible, but a thoughtful willingness to adapt is required. If you’re merging energy with another lone wolf, take your time. Moving a bit slower will uncover the why behind what was built before the partnership. As trust grows within the team, everyone will have more freedom to make the impact they want.

No matter how you decide to join forces with co-founders, choose wisely. It’s easy to work with someone like you, but don’t clone yourself. As a fun analogy, we also don’t put linebackers at wide receiver, right? Identify what you’re good at and know where you fall short. This allows you to pinpoint people who have complementary skill sets. It will also keep you focused on finding those who can push you further. With indelible honesty, who might be fun to build with?

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Perhaps you are looking for a co-founder? Show up to where the people you may want to work with are congregating. For instance, I met two of my co-founders at 1 Million Cups. We were working on different things, but over time, our shared interests led to a business idea we decided to pursue together.

Like anything new, as a team forms, early excitement will provide a surge of enthusiasm. This will soon fade and at some point, the story of this venture will end. It’s easier to plan ahead than it is to react to problems after they arise. Talk openly about roles and how everyone wants to be involved to avoid future tension. Discussing everyone’s immediate and future commitments reduces the stress of unknowns. With professional transparency a team can also work with more sustained stability. This leads to less drama and more consistent success.

As you solidify complementary co-founders, the goal is to have everyone equally enthusiastic. Think deeply about what a fair equity and role distribution means now and how it can also support future growth. No matter how cap tables look, co-founders expand capabilities and add valuable accountability. Working with others to achieve a shared goal is also more fun than working alone. Collaborate with remarkable co-founders and you’ll enjoy the ride together.

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Want more? Check out the Team chapter in You Don’t Need This Book!

By Ben McDougal, ago

Jargon vs. Understanding

Seth Godin is my favorite thinker, but I’ve been pondering the words of Naval Ravikant a lot lately. In this interview, Tim Ferriss and Naval riff on how Richard Feynman differentiated jargon versus true understanding.

This has me reflecting on how humans seek the ability to effectively explain our thoughts, but too often a lack of understanding leads to fancy words and long-winded rhetoric. Sounding smart may protect our perceived knowledge, but as Albert Einstein said, “If you can’t explain it simply, you don’t understand it well enough.”

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This tweetstorm first introduced me to @Naval. I’ve since listened to his podcast, read the Almanack of Naval Ravikant and enjoyed this Joe Rogan interview where Naval says, “We have two lives, and the second begins when you realize we only have one.”

As I translate this collective wisdom, I’ve organized a few simple constructs to practice this mental mindset.

  • Be more succinct with my words.
  • Ask an increased amount of concise questions.
  • Get comfortable with uncomfortable silence.
  • Inspiration is perishable. Act on it immediately.

    When trying to balance this cerebral equation, here’s are two questions to ask: Can we deconstruct, expand, or compress what was just said? Can we then describe the exact same idea five different ways? If not, seek further insight to go beyond memorized jargon for true understanding leads to more confident, diverse, and transformative conversations.

    By Ben McDougal, ago

    Social Audio

    Video may have killed the radio star, but our voices were never silenced and social audio is now connecting them.

    What does the term “social audio” mean? Social audio is an emerging subset of social media. Think talk radio with your entire social graph. Instead of a broadcast studio, everyone is able to speak their mind directly from a smartphone. The result is unscripted conversations that feel like a live podcast, with an endless amount of hosts, speakers and listeners tuning in from anywhere.

    These audible discussions strip away the text, photos, and video. Your spoken thoughts are everything in this realm, but sharing your voice is nothing new. Talk radio, music, conference calls, voice messaging and podcasts have been around forever. What’s interesting is how social audio companies are transforming one-to-many productions into synchronized, many-to-many experiences. The timing of this growing market also makes sense, as the global pandemic has created an isolated world craving new ways to stay connected.

    As Jeremiah Owyang shared in his comprehensive market forecast, a lot of attention has been given to Clubhouse, but there are signals of a market that’s getting much louder. Twitter Spaces, Locker Room, Sonar, Roadtrip, Yoni Circle, Quilt, and Cappuccino are a few more pioneering platforms that have each caught my attention for different reasons. Apple, Google, Facebook, LinkedIn, and Spotfiy are surely working on clones to catch up as well.

    After scanning the open airwaves, I’m betting people with large followings will be drawn back to social audio features that allow them to interact with their existing audience on established social media platforms. For talkative people looking to expand their influence, choosing to be an early adopter on a new platform could be a waste of time if the app flops, but with less noise, the reward could be the audience they seek.

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    It’s hard to tell if the race to win in social audio is causing this, but more social media companies are experimenting with different ways to compensate content creators. Twitch and YouTube have this somewhat figured out, but imagine spending the day talking on Twitter Spaces. Listeners could show their support with quick tips, while sponsored conversations and other shared revenue attracts more creative talent.

    If you decide to share your voice by exploring social audio, remember the words we use matter. These are live, decentralized discussions, but what you share with the world may be hard to take back as many of these conversations are being recorded in one way or another. While this data collection feels like Ursula stealing Ariel’s voice in the The Little Mermaid, we all know the social media landscape is not a private place.

    Privacy concerns aside, social audio provides an innovative way for humans to communication. Unlike edited writing, filtered photos, and polished video, our voices in real-time provide raw access to what people think. How might you use social audio to engage in more connected conversations? <End of Transmission>

    By Ben McDougal, ago

    Super Sentence

    Modern gladiators went to battle last weekend and it only took around 11 minutes for the Tampa Bay Buccaneers to win Super Bowl LV. It’s interesting to compare such a small window of actual gameplay to the endless pregame analysis, commentary, predictions, production and post-game highlights.

    With two weeks leading up to game day and another week highlighting this annual event, the Super Bowl experience basically lasts three weeks. That’s up to 30,240 minutes of potential attention the NFL can earn from each consumer. With those 11 minutes of live action only representing 0.04% of this three week long spectacle, clearly the Super Bowl is about more than professional football. It’s about the host city coming to life, a stadium full of fans, the TV commercials, the halftime show, the food and everyone sharing the Super Bowl together.

    This is not by accident. The NFL understands their audience. They’ve achieved product-market fit and since 1920, have built around what they do best. This entertainment behemoth does American football really well, but $15 Billion in annual revenue doesn’t come from 150 snaps per game. It comes from being the best at one thing, then expanding on that with complementing (and profitable) activities. This has strengthened their existing fan base, created opportunities to increase their audience and transformed their product into a cultural phenomenon.

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    If your company was given a free Super Bowl commercial, who would be your target audience? What story would you tell? What action would you want viewers to take and would you be ready to convert attention into trust when they took that action?

    The NFL makes product-market fit look easy, but building something that satisfies true demand is harder than it sounds. Avoid getting sacked by admitting your idea isn’t special and that the future of your business relies on your ability to consistently execute. Trust that early success relies on clarifying your value proposition, evolving your business based on continued customer discovery and your ability to collaborate with those around you. This takes finesse, thick skin and a special combination of urgency mixed with patience, but as you secure more paying customers, you may be given a chance to broaden the impact.

    Can you describe what you and/or your company does best in one sentence? Hit me with it! If you send me your own super sentence, I’ll connect you with someone who can get you to the next first down.

    By Ben McDougal, ago