To Our Clients & Friends: Welcome to our weekly series “Helping Entrepreneurs Succeed.” Each week, we share a favorite video of a successful entrepreneur, investor or business leader on a variety of topics. This week, we present Cyriac Roeding, co-founder and CEO of shopkick and a brilliant entrepreneur.
In this interesting five-minute clip (courtesy of Stanford University’s Entrepreneurship Corner), Cyriac shares some solid nuggets for entrepreneurs, including the following:
- “I really think it’s great to build an awesome feature; I think it’s great to build a great product; it’s also great to build a great company. You have to decide as an entrepreneur which type you are – what do you want to do?” (at 0:55)
- “The first thing that you need [to develop a business model] is an answer to the question: ‘whose problem does this solve?’” (at 1:41)
- “If you’re trying to build a technology first and then find a problem to that solution, you have a problem.” (at 1:53)
- “It’s great to have a core technology, but it has to solve a real problem.” (at 4:44)
I hope you enjoy it. Cheers, Scott