Even if you assume everything I said about Peter at face value, in the end it is just an anecdote. I know quite a few people who had a great experience with him. So make your own judgement call! In my immigration…
Do I want others to benefit from my experience? Yes Do I want to help fellow entrepreneurs avoid negative immigration consequences? Yes Do I want Peter to lose his law license or get sanctioned? No. Even though I have…
Well, sole reason Peter is doing this is to get more business. My post has two parts. First part was tips related to choosing a firm and knowing what is at stake if things go wrong. Second part specifically about my…
Peter does a thread here every few months. So I want to share a cautionary tale about Immigration lawyers in general and Peter in particular. I had extensive immigration experience in US, where I did many filings.…
I think you are a bit all over the place. I would suggest a few things: Go through Naval's podcast "How to get rich". Listen it once a month for 4 months. Make notes and see how his suggestions apply to you. Focus on…
It is a digital product. I don't live in US. We do have outsourced customer service. But still I have to be aware of what the customers are complaining about. In some cases people are filing frivolous complaints to…
No worries. Glad that we could figure this out like reasonable adults.
I pitched my ideas just twice and got some funding for them. However either my approach was wrong or I wasn't working with the right people. I felt that funding was too big of a waste of time. Without traction,…
I feel that it's better to learn skills as a part of getting traction vs try to acquire skills in vacuum. So have a razor sharp focus on building and adoption. If things are going great then cool. If not, introspect and…
I had kids after my startup was successful!
70% of expenses are marketing.
This is excellent advice. You should know and understand who your customer are. Otherwise you won't even know what to build. Or you will build the wrong product and won't get any feedback. Congrats on your journey and…
Nothing beats just getting down and building something end to end. As you do it more and more, you get better and faster. I just came up with an analogy of trying to be successful at startup: Imagine someone who is just…
All the questions you are asking are coming from your head and not your heart! With wife and kids you want to follow your heart as long as your head (life situation) can support it. If you would want to love your kids…
If you love what you are doing, it will give you the drive to keep doing it. Listen to Naval's podcast about "How to get rich". He knows how to put ideas much better than me. There are no shortcuts and if I tell you my…
These are great tips. We do most of these. Automate everything possible. If you still can't manage and need human support, hire someone in India/Philippines part time, treat them like a valued employee, build a…
This is a really good point. You can have at it all but you can definitely wish ;)
I know. We had kids around the same age. In my case my big mistake was moving to US mid way in career. It disrupted by established life and I had to start over from scratch. If I had stayed in my native country, I would…
Biggest issue with customer support are: Getting customers and supporting them. Solution to both of them is making a simple product which provides incredible value which is self serve. Word of mouth will take care of…
Think about how many non-basic need products that you know which consumers pay which is not some kind of exclusive or monopoly: Utilities, Cable, Cell phone, NetflixEtc, Uber*. Today's consumer doesn't like to pay for…
Don't over think. Just start building anything that you feel could be useful to someone. Don't fall in love with the idea. The idea you start with will never be the idea when you are successful. It will evolve or likely…
We kept an iteration going as long as we saw a reasonable and viable path to keep growing the business. One of the product was consumer and had a hockey stick growth curve obvious in the first week. So it was obvious to…
I don't think that I can guarantee success. There was some angle of luck involved. However over time, because I am getting faster, I am getting more shots at the game. Earlier I could play one game over 2 years and make…
I love building products. The financial success was a side product. I should have qualified my statement about failures better. Current one: Financially successful for me. Another one: Financially successful but got…
I don't spend the money I already make. Not sure what I would do with 10x money. 1% ungrateful complaining consumer out of 1 million users are 10k users. I don't like dealing with them. At 10x the business they might…
Even if you assume everything I said about Peter at face value, in the end it is just an anecdote. I know quite a few people who had a great experience with him. So make your own judgement call! In my immigration…
Do I want others to benefit from my experience? Yes Do I want to help fellow entrepreneurs avoid negative immigration consequences? Yes Do I want Peter to lose his law license or get sanctioned? No. Even though I have…
Well, sole reason Peter is doing this is to get more business. My post has two parts. First part was tips related to choosing a firm and knowing what is at stake if things go wrong. Second part specifically about my…
Peter does a thread here every few months. So I want to share a cautionary tale about Immigration lawyers in general and Peter in particular. I had extensive immigration experience in US, where I did many filings.…
I think you are a bit all over the place. I would suggest a few things: Go through Naval's podcast "How to get rich". Listen it once a month for 4 months. Make notes and see how his suggestions apply to you. Focus on…
It is a digital product. I don't live in US. We do have outsourced customer service. But still I have to be aware of what the customers are complaining about. In some cases people are filing frivolous complaints to…
No worries. Glad that we could figure this out like reasonable adults.
I pitched my ideas just twice and got some funding for them. However either my approach was wrong or I wasn't working with the right people. I felt that funding was too big of a waste of time. Without traction,…
I feel that it's better to learn skills as a part of getting traction vs try to acquire skills in vacuum. So have a razor sharp focus on building and adoption. If things are going great then cool. If not, introspect and…
I had kids after my startup was successful!
70% of expenses are marketing.
This is excellent advice. You should know and understand who your customer are. Otherwise you won't even know what to build. Or you will build the wrong product and won't get any feedback. Congrats on your journey and…
Nothing beats just getting down and building something end to end. As you do it more and more, you get better and faster. I just came up with an analogy of trying to be successful at startup: Imagine someone who is just…
All the questions you are asking are coming from your head and not your heart! With wife and kids you want to follow your heart as long as your head (life situation) can support it. If you would want to love your kids…
If you love what you are doing, it will give you the drive to keep doing it. Listen to Naval's podcast about "How to get rich". He knows how to put ideas much better than me. There are no shortcuts and if I tell you my…
These are great tips. We do most of these. Automate everything possible. If you still can't manage and need human support, hire someone in India/Philippines part time, treat them like a valued employee, build a…
This is a really good point. You can have at it all but you can definitely wish ;)
I know. We had kids around the same age. In my case my big mistake was moving to US mid way in career. It disrupted by established life and I had to start over from scratch. If I had stayed in my native country, I would…
Biggest issue with customer support are: Getting customers and supporting them. Solution to both of them is making a simple product which provides incredible value which is self serve. Word of mouth will take care of…
Think about how many non-basic need products that you know which consumers pay which is not some kind of exclusive or monopoly: Utilities, Cable, Cell phone, NetflixEtc, Uber*. Today's consumer doesn't like to pay for…
Don't over think. Just start building anything that you feel could be useful to someone. Don't fall in love with the idea. The idea you start with will never be the idea when you are successful. It will evolve or likely…
We kept an iteration going as long as we saw a reasonable and viable path to keep growing the business. One of the product was consumer and had a hockey stick growth curve obvious in the first week. So it was obvious to…
I don't think that I can guarantee success. There was some angle of luck involved. However over time, because I am getting faster, I am getting more shots at the game. Earlier I could play one game over 2 years and make…
I love building products. The financial success was a side product. I should have qualified my statement about failures better. Current one: Financially successful for me. Another one: Financially successful but got…
I don't spend the money I already make. Not sure what I would do with 10x money. 1% ungrateful complaining consumer out of 1 million users are 10k users. I don't like dealing with them. At 10x the business they might…