📹 Video Information:
Title: Building my startup in public
Channel: Will Wang
Duration: 22:07
Views: 14,882
Overview
This video documents the recent experiences of two startup founders as they navigate the challenges of launching their AI-powered video editing product, fundraising, and building in public. It covers lessons learned from fundraising, product development, going viral, and the importance of networking in the San Francisco startup ecosystem.
Main Topics Covered
- Startup fundraising experiences and strategies
- The impact and aftermath of going viral during a product launch
- Product development cycles and user feedback
- Building a personal brand and distributing content publicly
- The value of being in San Francisco for startups
- Community, networking, and attending tech events
- Actionable advice for founders building in public
Key Takeaways & Insights
- Fundraising is a numbers and momentum game: Successful fundraising requires a large top-of-funnel (many VC meetings) and tightly packed meetings to maintain momentum. Losing momentum significantly slows down the process.
- Rejection is normal: Founders should expect and prepare for numerous rejections (“nos”) before getting a lead investor. Closing the first investor often unlocks others to follow.
- Going viral is double-edged: While virality can validate demand and attract users or investors, it can be mentally taxing to have large numbers of people use an unpolished product. However, real-world user data is invaluable for product direction.
- Build in public, but focus: Start with one social media platform, master it, and expand only when ready. Most people fail by spreading themselves too thin or worrying too much about early quality.
- San Francisco accelerates growth: Being physically present in SF provides access to networks, spontaneous meetings, and cutting-edge tech conversations that are hard to replicate elsewhere.
- Product and user validation are separate: Getting sign-ups and interest is not enough; ongoing, continuous usage is what truly validates a product.
Actionable Strategies
- Condense fundraising: Schedule as many VC meetings as possible within a short window (e.g., two weeks) to maintain momentum and avoid a drawn-out process.
- Embrace rejection: Normalize hearing “no” and see it as part of the journey. View each pitch as practice and an opportunity to refine your story.
- Launch early, iterate fast: Don’t wait for perfection—launch a minimal viable product (MVP), collect user feedback, and iterate rapidly.
- Focus your public building: Choose one platform (YouTube, Twitter, etc.), consistently create content, and only worry about quality and optimization after 10–15 pieces are published.
- Network intentionally: Attend local events, meet other founders, and immerse yourself in the startup scene to unlock opportunities and learning.
- Validate with real usage: Prioritize continuous user engagement and retention over vanity metrics like sign-up numbers or viral views.
Specific Details & Examples
- The startup’s launch video went viral: 750,000+ views on Twitter, 200,000 on Threads, and 100,000 on Instagram, resulting in significant VC interest and $100K raised (with an initial target of $1M).
- Fundraising involved 30–40 VC calls, but the founders believe 100+ would have been needed for better results.
- The product allows users to edit videos using text prompts rather than traditional timelines, aiming to streamline the editing process for content creators.
- After going viral, the team received valuable feedback but also faced the challenge of not having a fully polished product, which affected user retention.
- Networking in San Francisco enabled spontaneous meetings with major tech companies (e.g., Adobe) and other founders, greatly accelerating learning and opportunities.
- Building in public started with YouTube, then expanded to Twitter, with advice to avoid trying to master all platforms simultaneously.
- Anecdotes about other founders and tools (e.g., Gabber, a dev tool that remained online during major outages) reinforce the value of resilience and community.
Warnings & Common Mistakes
- Dragging out fundraising: Spreading meetings over too long leads to lost momentum and lower success rates.
- Treating VC meetings like job interviews: Founders should lead the conversation rather than just answer questions.
- Launching with only a waitlist: Waitlists often decay, leading to lost momentum and interest.
- Being too quality-obsessed early: Over-optimizing early content or product polish delays feedback and growth.
- Relying only on sign-up numbers: Without continuous usage and retention, initial demand is not meaningful.
- Avoiding networking/events: Over-focusing on solo work limits exposure to ideas and opportunities.
Resources & Next Steps
- Product access: The MVP is live for users to test and provide feedback.
- Attend tech events: Founders encourage attending launch parties, demo days, and local meetups.
- Join communities: The founders mention their Discord and recommend networking at places like Founders Inc. in San Francisco.
- Follow founders on social media: For ongoing updates and advice on building in public, follow them on YouTube and Twitter.
- Try complementary tools: Mention of Gabber for developers and VR productivity gear (as discussed in the video) may interest viewers.
- Continue iterating: The team plans to further develop the product, add a paywall, and relaunch based on user feedback.
This summary synthesizes the founders’ journey, highlighting actionable insights for early-stage startup founders, particularly those interested in fundraising, product-market fit, and building a personal brand in the tech ecosystem.