TIKI Talk Episode 38! Don't Panic, Prioritize!
The most transparent start-up podcast yet??
TIKI Talk Episode 38 is debatably the most transparent 85 minutes in start-up podcast history.
We can’t actually verify if this is an accurate statement, as we haven’t listened to a ton of other start-up podcasts, but we already know most people don’t do things the way we do them, and most aren’t nearly as transparent about taking the behind-the-scenes rollercoaster ride that is being a start-up company and making that journey public facing.
This is certainly our most transparent podcast yet.
Seemingly on the doorstep of closing our seed round, a major potential investor dropped TIKI out of current consideration at the “eleventh hour,” and forced the TIKI team to reassess and reprioritize—and fast.
With nearly all facets of the TIKI project either directly or indirectly affected by this news, Mike and Shane sit down to talk about what happened, how we’re reacting, and what to expect moving forward.
Tune in for a rare and insightful glimpse into the lives of startup founders.
0:00-2:50 Shane intro
2:50-3:31 Mike intro
3:51-10:07 Setting the table / what is a seed round? / growth + product market fit
10:07-14:11 Raising our seed round / market + crypto crash / effects on VCs + funds / shift to product development
14:11-30:10 Back to raising / 11th hour investor drop out / what’s next? / what does it mean for TIKI? / raise pause / tough staffing decisions / “embrace the suck” / maximizing runway / “No bad deals” / product traction / faster? / bridge round? / timing + luck
30:10-43:36 The good and the bad / perception / lost time / good operators / becoming an “actual business”
43:36-52:14 Advice to other founders / avoiding emotional decisions / slowing down / acting like it’s a done deal / you make your own business / uber transparency / giving it to ‘em straight
52:14-1:08:14 Weighing feedback + advice against gut instincts / weird, crazy energy / how decisions affect others / death by 1000 papercuts
1:08:14-1:17:01 Adjusting outward appearance for clarity / a unified message / new people getting involved
1:17:01-1:24:52 Shane’s feelings / Tom Brady + John Locke + Arya Stark = ? / chip on the shoulder / outro