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Some of the most lasting contacts and friendships that I have developed began by just grabbing a drink or breaking bread with a stranger at an industry event.

From Jay Samit

By maintaining an active feedback system at every stage of a startup, founders can reduce their burn rate, increase their virality coefficient, and retain key hires.

From Jay Samit

Big ideas developed in a vacuum are doomed from the start. Feedback is the essential tool for building and growing a successful company.

From Jay Samit

From the very first inkling of a concept, founders need to gather a target group of five to ten potential users to begin the feedback loop. We all think we know how the market will react to new ideas, but actual users live with the pros and cons of the existing market conditions every day. They are the market experts.

From Jay Samit

Venture-backed startups with billion dollar market caps are called 'unicorns' because they are supposed to be rare mythical creatures that few entrepreneurs will ever ride.

From Jay Samit

What most entrepreneurs don't understand is that it isn't the economy that bursts a bubble, but investor psychology.

From Jay Samit

Too many investors overvalue companies in the near term while undervaluing them in the long term.

From Jay Samit

Companies with significant revenue (more than $100 million) have, by definition, significant traction. They have proven out their thesis and can scale up or down as investment capital becomes available.

From Jay Samit

Jay Samit

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