Even great startups sometimes need to pivot (feat. Francisco Cornejo of Theo) | E2214
Today’s show: The team from Familify had released a well-reviewed storytelling app for kids and parents… but it just wasn’t growing! Then they noticed that Bible stories and faith-based content was particularly popular. So they decided released a brand new app, Theo, just for these sorts of lessons and stories. And the new product overtook Storybook in just a few weeks! It’s a vital lesson for founders… Even if you succeed, you may be able to succeed EVEN MORE. Remain flexible and open to strong new ideas (especially if, like Francisco, your wife suggests them!) PLUS we’re chatting with Collin from En Vérité about how AI can make do diligence much less painful for investors AND checking out our latest Gamma Pitch Deck competitor. Find out why Jason says Jake Triton from Pitch Prfct might just be closing in on Product Market Fit.
Key Points
- Francisco Cornejo from Familify emphasized the importance of running experiments, which led to the successful creation of their second app, Theo, that focuses on prayer and meditation for children.
- Colin Sebastian from OnVerite discussed the critical role of confirmatory due diligence in venture capital to prevent fraud and ensure accurate financial assessments.
- Jake Triton from Pitch Perfect showcased their innovative SMS-based sales automation platform, highlighting its rapid growth and potential to replace virtual assistants in high-volume outbound sales industries.
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Transcript
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