Latest / Founder Mode / Best of Founder Mode II
Transcript
- 0:00Welcome back to Founder Mode. One thing we've learned doing
- 0:03this show 40 Times Now is that the same problems keep showing
- 0:06up, just in different clothes, different industries, different
- 0:09stages, different personalities. But the pressure is the same.
- 0:12Yeah. You're trying to make decisions
- 0:13with incomplete information, limited time and real
- 0:16consequences. What actually helps isn't
- 0:18another framework. It's hearing how other builders
- 0:20think when things get messy. So what you're about to hear are
- 0:23the moments where people stopped posturing and just talked about
- 0:26what worked and what didn't, and what they do differently.
- 0:29If some here makes you uncomfortable, that's probably
- 0:32the point. Healthcare exposes bad
- 0:50assumptions fast. Yeah, Rebecca has lived inside
- 0:53real implementations. Not demos, not decks.
- 0:55She explains. Why Go live isn't the end of the
- 0:58work. It's where the real learning
- 0:59begins. Well, one.
- 1:02It's the theory that people think that go.
- 1:05Live is the finish line like go, live is not.
- 1:09The finish line. Go live is when you actually.
- 1:11Get to. Do the testing and so that's.
- 1:14Where you create a. Bottleneck is that you are like,
- 1:17we're good. We've gone through one week of.
- 1:19Go live. Everything's working.
- 1:21We don't. Need to make.
- 1:21Any more changes? But that's actually.
- 1:23Where the magic happens is through that go live.
- 1:28A lot of teams fail for reasons that never show up in a road
- 1:30map, Anurag argues. We don't just teach the most
- 1:33basic relationship skills and then we're surprised when things
- 1:37break. Yeah, this is one of those ideas
- 1:38that sounds obvious once you hear it.
- 1:41I mean, it's a huge thing, right?
- 1:42And I think we are doing a very ill service to the boys in our
- 1:45community, in our in our society where we're not pushing them,
- 1:49we're not empowering them to go take risk.
- 1:51You know, like I was just talking to my wife actually
- 1:53yesterday and I'm like, I don't understand why in school there
- 1:56isn't a course on interpersonal effectiveness.
- 1:59So I'll give an example. Dialect of behavioral therapy
- 2:02was one of the very popular therapeutic modality has a has a
- 2:06section called interpersonal effectiveness and it literally
- 2:09teaches frameworks on how to build relationships.
- 2:13So for example, there's a skill called the give skill.
- 2:17It sounds for be gentle, act interested, validate and use an
- 2:21easy manner. I can guarantee you in every
- 2:25single interaction, if you use this with your wife, with your
- 2:29kids or your spouses, it will exponentially increase the
- 2:32quality relationship. There's a temptation right now
- 2:35to add AI everywhere. Yeah, John tells a story about
- 2:39what happens when you do that before you've earned user trust.
- 2:42It's a lesson a lot of founders learn the hard way.
- 2:45I've got a pretty good, a very good friend, a very close friend
- 2:49who I spent, you know, a couple hours one day really trying to
- 2:53talk him out of the new direction for his business.
- 2:55Not a new feature. OK, This was like, when users
- 2:59log into my thing, they're going to see this now instead.
- 3:02And I was like, dude, please, man, you this, this like isn't
- 3:05right. Like, why don't you try, Why
- 3:07don't you try a little bubble to see if they want to use it pop
- 3:10up a little bubble. Do you want to try this feature
- 3:13and do some kind of like super scaled down version of it?
- 3:16He so this is a few weeks ago. He launched this just a couple
- 3:20weeks ago. Users didn't like it, they
- 3:22didn't trust it. The feedback came in.
- 3:24I you know, I don't like AIAI is dumb, right?
- 3:27He's not building for tech founders, right?
- 3:29He's he's got like ordinary people as his users.
- 3:31And so it's, it's gone. This, this feature he spent a
- 3:34couple weeks building it no longer exists.
- 3:35The new direction for his business looks a lot like the
- 3:38old direction of his business now.
- 3:40So I, I, I would do, I would do a lot more research, talk to
- 3:44your customers before you, before you try to fly.
- 3:48This is one of my favourites. This company got acquired after
- 3:51we interviewed him. I got to think we had something
- 3:53to do with that. Pricing feels very simple when a
- 3:56category is young. Scott explains why it gets
- 3:59harder over time, and why usage ends up being the only signal
- 4:02that really this reframes how you think about value.
- 4:07The main thing I would just say is complexity increases as
- 4:09industries age. That's like my main prediction.
- 4:11And I do think the good thing about usage is that there's
- 4:13nothing really more fine grained than that that I can think of.
- 4:17Like outcomes are just a flavour of usage.
- 4:19It's like your outcome is my usage.
- 4:21Like it's not these aren't, these aren't different, they're
- 4:24just the same. And ultimately it kind of
- 4:26redounds to this like stream of things that happened in your
- 4:29product that you and I agree on. And I choose this, I value them
- 4:32at this and you charge me that. And it's like kind of what will
- 4:35that's to me, like the terminus of all this stuff, is that it
- 4:37will all be that and then it will be reconstructed in fancy.
- 4:40Packages founders love a full calendar.
- 4:44Bobby calls that out for what it usually is, avoidance.
- 4:47This is about protecting thinking time before the
- 4:50business outgrows you. Allowing yourself the time to
- 4:54think and actually make yourself better is more important than
- 4:58having a busy calendar. You know, people probably look
- 5:01at the day and we want to back-to-back course with like 6
- 5:04different people. And then you're talking to this
- 5:06guy from the UFC and this guy from a sports agent and you
- 5:09know, you're talking to it. You know, what event can we do?
- 5:12And like you're just being a, you're just being a busy fool.
- 5:14You know, realistically, you know, all those books everyone
- 5:17buys and you never reads, you can be better taking a bit of
- 5:20time to read to one of them. And you never know what might
- 5:22come into your head. So I think like keeping yourself
- 5:25busy enough so you're not itching to get another course.
- 5:28But you know, you definitely need to have time to think us
- 5:31about it because ultimately the business wouldn't be there
- 5:33without you. Everyone says they're AI first.
- 5:37Conker has a test that cuts through the noise.
- 5:39If you can't turn real user pain into learning fast, none of it
- 5:43matters. The most important thing that I
- 5:47like to ask people is if I use your app and I complain, how
- 5:51much effort is it for you to take that complaint and turn it
- 5:54into an eval? And the best teams, it's like
- 5:57one or two clicks. If that the teams that are NGMI,
- 6:00they haven't even thought about the answer to that, right?
- 6:02And so, so I think that's really the goal.
- 6:04Like can you get to a point where it's two clicks from
- 6:06someone complaining to something ending up in your evals?
- 6:11This one's just us. We kept circling back to the
- 6:13same idea. Discipline breaks down in broken
- 6:16systems. Health isn't solo, and neither
- 6:19is work. You've you've come up with this
- 6:21pretty good idea that you've shown me around developing, you
- 6:25know, board of directors for decision making and you have
- 6:28like this board of directors for your health Now talk, talk about
- 6:30how how you've set that up. Yeah.
- 6:33So I mean, again, everybody's got their like, you know,
- 6:36amazing prompt for chat And and I the thing that I stumbled onto
- 6:41this, I'd like somebody had written like this council sort
- 6:44of approach. I was like, oh, that's
- 6:45interesting this council and I was like, oh, it's kind of like
- 6:46a board of directors. And so I was like, well, a board
- 6:49of directors is interesting because like, if you imagine
- 6:52like in a company's sake, they'll have like 5 people,
- 6:54seven people, 13 if it's bigger or whatever.
- 6:56And they each have their own experiences, expertise.
- 6:58And so I was like, well, if I'm thinking about my health, like I
- 7:01want somebody that's interested in like, you know, exercise,
- 7:05somebody that's interested in longevity, somebody that's
- 7:07interested in like cardiac experts for like heart, somebody
- 7:10that's interested in like men's health.
- 7:11Somebody's interested in like all these things and saying
- 7:13like, who would be like a world renowned expert to have on your
- 7:16panel? Private equity often gets
- 7:19caricatured into just cost cutting.
- 7:21Jason looks at it from the operator's chair where outcomes
- 7:24actually get created. AI changes the dynamic when you
- 7:28start with real problems instead of tools.
- 7:31AI has turned that on its head and say let's look at your
- 7:34problems and let's help you solve the problems the way that
- 7:36you already know how to do them and do it faster, do it better,
- 7:40do it cheaper, do it, do it in a way that actually helps create
- 7:44more win wins for you and for your customers.
- 7:47Shipping AI inside an enterprise is a different game, especially
- 7:51one as large as Microsoft. Yeah, Sonia talks about the gap
- 7:55between impressive demos and systems people will trust with
- 7:58core workflows. Governance ends up being the
- 8:02unlock. What we learned was it
- 8:05ultimately it it, it ended up being one of our key
- 8:08differentiation. What we learned was if you give
- 8:11enough governance and control and transparency around it, it
- 8:15was actually actually helped the RPA developers to actually adopt
- 8:19it. Consumers recalibrate faster
- 8:22than founders expect. My buddy Max Instacart Co
- 8:25founder, explains how magic turns into table stakes.
- 8:28Your customers are also consumers and they are using
- 8:33ChatGPT, Gemini and all the other, you know, AI assistants
- 8:37that are, that are out there. And so they're getting used to
- 8:40having these magical experiences.
- 8:41So it's becoming actually just table stakes for you to have
- 8:43these kind of magical experiences in your product too.
- 8:46Building software has never been cheaper, Natalie argues.
- 8:49That doesn't make it easier. It shifts where the real
- 8:53difficulty actually lives. The biggest issue is
- 8:56understanding what the client wants, because often times the
- 8:59clients don't know themselves what they want, right?
- 9:02So being able to clearly understand the problem and
- 9:04clearly articulate the solution is the biggest value, for
- 9:07instance, that Jet Rockets brings to its clients, right?
- 9:10So I think that yes, absolutely we're going to use Lovable and
- 9:15Droplet like other tools to generate commodity apps that,
- 9:19you know, sort of like input in output, you know, data in, data
- 9:23out, Something very basic, maybe like, I don't know, like a wish
- 9:26list registry for your wedding, you know, that you want to send
- 9:30to your friends and family instead of using something
- 9:32online and stuff like that. Something very basic, simple,
- 9:36that does not require a whole lot of thinking, processing, you
- 9:39know, what if scenarios, etcetera.
- 9:40The moment things get a little bit more complex, AI is so far
- 9:45away from even like getting anything done right now.
- 9:49Decarbonization conversations usually jump straight into the
- 9:53end state. Kevin explains why hybrid
- 9:55aviation is the bridge that actually earns trust.
- 9:59It's like these expanding horizons where hybrid is a
- 10:02bridge into the fully electric opportunities of the future.
- 10:06And you better believe that those operators who are flying
- 10:09the 100 mile hybrid electrics today are probably going to rely
- 10:13on the trusted brands that they already know in electrification
- 10:17when they go and switch to fully electric.
- 10:19And that's the position that Amber is taking, which is start
- 10:22with electrification, build trust, and then whenever battery
- 10:28technology and infrastructure makes sense, we can transition
- 10:31over to fully electric for those customers too.
- 10:35Most conference booths disappear into the background.
- 10:38We tried to do the opposite and then actually measured whether
- 10:41it worked. We did the math.
- 10:42Like 10 to 20% of all conference attendees came to our booth.
- 10:47Well, not just scanned it, like actually they scanned their
- 10:49badge. So So going back to my question,
- 10:51what's the goal? To build relationships, get new
- 10:53business, grow the business, get new customers.
- 10:55You've already integrated with this platform, right?
- 10:57Yeah. Healthcare moves slowly until it
- 11:00doesn't. Max points to where adoption
- 11:03exploded because the pain was undeniable.
- 11:06So AI scribes have been the fastest adopted technology in
- 11:10the history of healthcare period.
- 11:12Health systems and healthcare in general have really long sales
- 11:14cycles. Those have basically been cut in
- 11:16half. In AI, McKinsey just put out a
- 11:18report last week, the state of AI 2025 Healthcare is like third
- 11:22or fourth in terms of agentic adoption in general AI adoption.
- 11:26And before that, Menlo Ventures put out a report a couple weeks
- 11:28ago that Healthcare is well above average, the industry
- 11:32average across all industries in terms of adoption.
- 11:34Health systems are leading the pack there because they have
- 11:36these real problems with provider burnout.
- 11:38So you see the scribes getting adopted, RCM collecting that
- 11:41dollar I spoke about earlier. They're doing real things, like
- 11:45it's not just hype, like maybe the valuations and some of that
- 11:48causes folks to to go to that thought, but there's real stuff
- 11:53happening in a lot of transformative companies too.
- 11:56Most founders default to venture because it's familiar.
- 11:59Tim explains why that habit quietly erodes ownership.
- 12:03I think a lot of founders really just leave that on the table and
- 12:07it's money. That's set aside because it's.
- 12:09Just such a pain to get to it so they just go after the next VC
- 12:13round and keep stacking on dilutive.
- 12:16These are. Capital intensive businesses.
- 12:17So this founders are exiting with a sliver of their company
- 12:21left. We talk a lot about focus.
- 12:24Austin is building something that forces the issue through
- 12:27design. Yeah, we sell more than just a
- 12:29phone. We're selling the real life
- 12:31back, whether that's connections in one way or another.
- 12:33And for us in our online community, we're trying to bring
- 12:36people together who are all on this journey of trying to
- 12:39achieve their goals in our phones is the mean for helping
- 12:42with that goal. And for us, that is a community
- 12:45like a lot of minimal phones, it could be a very lonely
- 12:48experience because you think you're and it alone.
- 12:50And for us, we're trying to put them together and bring people
- 12:53together and bring ideas together and make everyone feel
- 12:55supported and a part of OK. I'm not doing this alone.
- 12:59Aviation doesn't forgive sloppy decisions.
- 13:02Max explains why stress and judgement don't mix.
- 13:07If you have way too. Many stresses you know you've.
- 13:10Got. Some of the life, you know, kind
- 13:12of thing going on changing job or divorce or get any of those
- 13:16major kinds of things. That's not the time to go fly
- 13:19because that's too much dress that you won't focus on, but
- 13:22things that you need to. Do.
- 13:24Unlimited sounds pretty generous.
- 13:26Jonathan breaks down why it's really a math problem.
- 13:29It was almost like it's like a gym membership where there's a
- 13:31couple of meatheads that should that are there all the time.
- 13:34And then I have a membership I should go more often.
- 13:36And they you kind of bank on the fact that no, not everybody
- 13:38shows up at once. If you want to learn fast,
- 13:41remove the safety Nets. Racer Allen explains why raw
- 13:45environments teach faster. The Formula car is the most is
- 13:51the best platform to be able to learn from because of the fact
- 13:54that it is there is no traction. Control.
- 13:57It's just you're just you in the car.
- 13:59And the the correct technique, there's specific technique to
- 14:02driving a car that needs to be covered off and what you can
- 14:08learn in our school and formula cars apply to other different
- 14:11types of cars. If there's a through line in all
- 14:15of this, it's not about AI, healthcare pricing, or flying
- 14:19planes. It's about learning how to make
- 14:21calls when there isn't a right answer, where to push, when to
- 14:24wait, when to walk away from something that looks good on
- 14:27paper, and when to trust yourself enough to keep going.
- 14:30Anyway, if one of these moments stuck with you, go listen to the
- 14:33full conversation. And if Founder Mode has been
- 14:35useful to you, do us a favor. Subscribe, leave a review, and
- 14:39share it with someone else who's building.
- 14:41It helps more than you think. And that's it for today.
- 14:43Remember, demos don't matter, production does.
- 14:46We'll see you next time on Founder Mode.