Startup advice from Justin Kan, Stephanie Hulburt, and Naval
What do you have to do to have a successful B2C and B2B?
To reach success with a B2C you have to ride a massive way. This means that it requires more than building a company, but you also have to be lucky. B2B is in your control, and you can ask businesses what their problems are for you to target how to solve them.
Which is better, B2B or B2C?
A B2B sets a more attainable rate of success because the problems are known and are easily controlled. You have a clear execution path when attracting other businesses. You can charge money for things without needing a massive wave of growth.
When it comes to B2C it's more difficult because you need a massive user base. Getting to that point requires huge amounts of funding, debt, and the need to find a way to crawl out of the hole.
Why would someone be a paid subscriber to Netflix?
For one host, he remembers Netflix having a lack of quality shows to choose from. Also, there was a lack of quality in Netflix’s streaming at the time. What drew him in was actually Dora the Explorer, because it was cheaper on Netflix than purchasing individual episodes on iTunes.
What are our options when it comes to having a conversation?
Either hard conversations equal an easy life. Easy conversations equal a hard life. It’s only a short-term benefit because it’s easier to avoid those hard conversations and save them for the future to come across them again.
Which is better: B2C or B2B? When should you walk away from a sale? How do you make difficult decisions?
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