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  • Previously on Startup I founded a startup called notvine.com where you can share 6.1 second videos

  • I then brought in three of my friends to help me build the most innovative video platform, and I met up with Arya

  • We secretly hate each other and constantly compare our dick size.

  • Oh me? I just sold another company

  • I'm just relaxing now. Trying to figure out what you do next

  • Yeah, uh I'm excited but

  • I'm also afraid

  • It's just getting really hard

  • You know managing all these relationships at once

  • It's..it's getting too hard

  • What excites you about the relationship you have with your employees?

  • Wait, what? No, I was talking about my tinder relationship. God you never listen to me

  • But to be honest, I just can't get Arya off my mind

  • Who's Arya?

  • Oh he's just some startup founder. Uh we recently played chess-

  • He's 'just' a startup founder?

  • I think he means more to you than that

  • We used to be best friends

  • But then things changed

  • Things really changed

  • Can you tell me a little bit about your relationship with Joma?

  • You know we were friends then

  • Best friends even

  • How'd you guys meet?

  • He was in the study room struggling with a simple assignment

  • But I knew he was smarter than that

  • He came up to me offering his help

  • Thank God cause I just couldn't focus. I was about to give up

  • Something else was consuming him. I could see that he was pretty broken at the time

  • So I thought I could bring him under my wing

  • I gave him a better place to stay, better resources, better contacts, a better life

  • Nobody wanted to give him a chance, but I saw the potential in him

  • He was kind to me

  • extremely kind

  • I didn't deserve it

  • He let me stay with him in his apartment

  • He gave me my own room

  • He even got me all the textbooks I needed for school

  • He really took me out of the dumps

  • You know

  • He even guided me through my academic career

  • Without him, I would have been lost.

  • He's the reason why I am...who I am today

  • From algorithms to statistics to cryptocurrencies

  • He taught me everything

  • He made sure I knew the right things

  • He made sure I succeeded

  • He would have been nothing without me. All those internships.

  • He got those through me...except Microsoft. That was more him

  • That's thoughtful

  • I wanted the best for him. I really did

  • I did everything I could for him

  • until the incident

  • What happened?

  • I should have known

  • I feel so stupid looking back

  • I just couldn't face the truth

  • I don't know. I mean...he just changed

  • He used to be kind and warm, but...

  • I think one day I just realized that he wasn't the selfless person I thought he was

  • He even kicked me out of the house. I mean I appreciate everything he's done for me

  • But I mean come on man where the fuck was I supposed to go. He knew I had nothing

  • You know I should have known...people like him, they don't hang out with people like me

  • How did you feel?

  • - It was humiliating - It was humiliating

  • I miss Arya, I really do

  • Even if he had exterior motives to bring me in

  • I was really happy

  • I still don't know what he wanted from me, but obviously I didn't have it anymore

  • That's why he just pushed me away

  • I didn't ask why I mean, I didn't deserve his kindness

  • But things just got worse

  • And that's where he crossed the line

  • I've never confronted him about it because it just wouldn't matter

  • I don't want his apology

  • I just wanted to break him

  • While making him feel the pain that I felt

  • Until he's completely broken

  • I'll make him regret everything that he did

  • Alright guys, so...today I paid a consultant to make this video for us

  • It's gonna tell us you know how to think about MVPs, so

  • What's the MVP? You mean like LeBron?

  • - Wait what's a LeBron? - Oh he's the MVP

  • Alright whatever. Alright, let's just play the video

  • So the biggest problem that startups run into is

  • Creating something that nobody wants to buy

  • This wastes years of work and thousands of dollars only to leave you broke and unemployed

  • Just like a college degree

  • So to stop this from happening

  • I thought I'd go over the concept of an MVP, and how this can help you grow your company

  • So what is an MVP? This often gets confused with most valuable player

  • But I think that comparison is kind of unfair because

  • If you're trying to start a startup, chances are you have zero athletic ability

  • Instead MVP here means minimum viable product

  • A rough version of your idea that takes a minimal amount of effort

  • But it's still good enough that users can get a taste of the full product

  • Similar to how dating someone is sort of a taste

  • Of what marriage will be like and in my case I've been told it taste like insecurity and an absentee father

  • Now the reason you want to build an MVP is because it lets you learn what your customers

  • like and don't like as quickly as possible

  • This is a pretty important concept because 90% of startups fail because they have no clue what their customers want

  • Like this one time I was sitting at

  • McDonald's and thought of a really good app idea.

  • It involved the dating app where girls would choose guys based only on their personality and

  • Finally give nice guys a fighting chance, but then I asked myself

  • "Would I date someone based only on their personality?"

  • I'll let you decide

  • Now I'm sure you're wondering what an MVP looks like the answer to that

  • Depends on what you're trying to build so I thought it'd be helpful to show a few real-life examples

  • Let's say you wanted to build an app where people could store and share files online

  • You could do one of two things

  • One, quit your job and spend years trying to make the app yourself or two, hire someone to create a 30-second video of

  • What that app would look like and show it to investors for millions of dollars

  • While option 1 sounds attractive

  • The MVP here is too, and that's what Dropbox did

  • Well let's say you wanted to figure out if a girl or guy liked you

  • Your MVP here would be a small low pressure invite like

  • "Hey, I'm going out to dinner with friends. Do you want to come along?

  • We're grabbing pizza -smiley face-" And a few things can happen here

  • One, she won't respond to you. Two, she says something short like haha or lol. Or three, she says

  • "No, I thought I told you I'm not interested"

  • when this happens you might try to convince yourself

  • that she's still into you, but chances are...

  • she is into you so just wait a few days and try again

  • So by now you're probably wondering how to actually build an MVP

  • And that's exactly what I'm going to show you

  • Now the steps I'll be outlining might seem simple at first,

  • but there's a bit of math involved

  • So you'll need to pay close attention

  • And just before we start

  • I thought I should mention that these steps are approved by the International Board of start-up venture capitalists

  • Which means rest assured

  • It's coming from a source of authority so without further ado, here are the steps to building your first MVP

  • Step 1. Don't, we have enough startups already

  • So I hope that was helpful and best of luck in your startup journey

  • -Clapping-

  • John, no

  • Alright, so what do you guys think?

  • We need to start off by building our back-end infrastructure

  • We can leverage Amazon CDN's, load balancers and lambda's. Modularize our infrastructure by using micro services

  • so then we can set up elastic scaling AND save money.

  • I don't think we should do that.

  • It's the most cost efficient solution

  • Well, we don't even know if we're going to get that many users. It's a total overkill

  • Yes, it might save some capital

  • but development time is our most limited resource and we can't waste time thinking about

  • Scalability on an MVP

  • Right now our most limited resource is my patience with your shitty ideas

  • Why can't we just have a Facebook page and let people post their videos there and see if that grows

  • That's actually a really good and smart MVP,

  • BUT for the sake of this web series

  • we have to do something more complicated

  • Alright, so here's what we're gonna do

  • - Wait why do you have the final say? - Because I went to Waterloo

  • LOL

  • Alright, here's the plan. So as an MVP

  • we're just gonna make a purely consumption site

  • The reason why? Is because we want to validate if there's actually demand for our website

  • so that's why we're just gonna make a simple web app. What we'll do is that we'll pretend that

  • Invite only to be able to produce on our platform, but in reality we don't have a production side

  • but what we're really gonna do it is just that we're going to steal old Vine videos and post them on our website

  • That way the consumer side will think that we're producing videos using the mobile app which is invite only

  • For growth, we'll have a Facebook page, and we'll put only the best of the best vine videos there

  • And then we'll just boost the shit out of it with ad credits

  • Alright, so here's what we need. We need someone to build the whole web app, front and back-end

  • We don't have enough resource to separate them

  • That's why we need someone to own the whole full stack

  • - I'm on it - Alright

  • Who wants to write the crawler to get all the best vine videos

  • and then write pipelines to funnel them in website?

  • Got it

  • John can write the fake nine in page for a mobile website?

  • And also can you set up the CDN so it could surf videos faster?

  • And I'll manage the Facebook page and start growing it.

  • Alright, let's do it

  • Alright, what do you think of this?

  • - No, we can't launch that, it looks exactly like Vine.. - No, this is perfect

  • Alright guys, this is really good.

  • - Alright so next what we're gonna do- - Guys! I think you might wanna look at this

  • Oh shit

  • It's not good

  • What's poppin, so I hope you enjoyed this episode

  • I definitely had fun making it as I hope you guys had fun watching it

  • I just want to give a shout out to Matthew Cho he's my new cinematographer

  • he's amazing

  • so I want you guys to check out his stuff because um..

  • I don't know he's probably one of the best cinematographers

  • I've ever met, and yeah, he deserve a shout out

  • Second shout out. I want a shout out to The Sinful Engineer.

  • Thank you for giving me that clip about MVP. This guy's hilarious

  • Yes, you should check that out

  • I put his link on the description and also of course if you liked this video

  • And you haven't subscribed to my channel, subscribe now.

  • C'mon, what're you waiting for? And yeah

  • Thank you so much and see you on the next episode.

  • Peace!

Previously on Startup I founded a startup called notvine.com where you can share 6.1 second videos

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STARTUP EP 04 | 工程師打造初創企業的MVP (STARTUP EP 04 | Engineers Build A Startup MVP)

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    pilic posted on 2021/01/14
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