Biggest Challenges Faced By A Principal At Meridiem Ventures
As a Principal at Meridiem Ventures, Bryan finds that a major challenge is convincing startup founders to launch imperfect products and avoid excessive strategic revisions, because "they're gonna learn the most by just going out and trying to sell their product" and adapting based on real-world feedback rather than overanalyzing in a vacuum.
Venture Capital, Startups, Entrepreneurship, Go-to-Market Strategy, Product Development
Advizer Information
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Bryan Noon
Principal
Meridiem Ventures
UC Berkeley
UCLA Anderson - MBA
Economics, Political Science, American Studies
Arts, Entertainment & Media, Consulting & Related Professional Services
Consulting
Video Highlights
1. Reassuring founders that their product doesn't need to be perfect before going to market.
2. The importance of learning and adjusting strategies based on real-world market feedback.
3. Avoiding over-analyzation and prioritizing testing the product in the market to gain practical insights.
Transcript
What is your biggest challenge in your current role?
Working with startup companies, one of the biggest challenges is reassuring founders that they can go to market with something that's not perfect. They don't need to revise their strategy over and over again.
They will learn the most by going out and trying to sell their product. If it doesn't succeed as they hope, they can make adjustments based on market feedback.
Sometimes founders can overanalyze things and spend too much time trying to find the precise strategy they believe will work, instead of just going out and testing it.