What experience led you to identify your company's problem?

Most answers describe a frustrating or revealing personal experience that exposed a gap or inefficiency, prompting the founders to address it through their companies.

7 answers

Answers

  • Sam Altman

    Chief Executive Officer · OpenAI

    Work Tracking Problem

    Sam Altman says he and Justin were reluctant entrepreneurs at Asana because they thought the problem of work tracking was really important and others working on it would develop incremental solutions, leaving value on the table.

    The answer starts at 14:03.

    Stanford Online: University Courses & Lectures · Listen on Apple Podcasts
  • Alex Blackwood

    Co-Founder, Quality Fractional Real Estate Investing · Mogul

    Buying My First Single‑Family Rental

    Alex Blackwood says buying his first single-family rental in 2020-2021 was the worst process he had ever been part of, which led him to build Mogul's fractional ownership platform.

    The answer starts at 4:42.

    Code Story: Insights from Startup Tech Leaders · Listen on Apple Podcasts
  • Jett McCandless

    Founder and CEO · project44

    Consulting for 3PLs

    Jett McCandless says that starting his consulting firm Carrier Direct, where he consulted for third-party logistics companies and LSPs, is what planted the seed for Project44.

    The Logistics of Logistics · Watch on YouTube
  • Jonathan Awad

    Co-Founder, CEO · Baselayer

    Selling Identity/Fraud Solutions

    Jonathan Awad says his firsthand experience came from working in identity and fraud, where he signed about 95 deals in eight months and juggled hundreds of deals, which surfaced many ideas.

    PMF Show · Watch on YouTube
  • Caitlin Leksana

    Co-Founder & CEO · Fazeshift (YC S24)

    Seeing teams with no software

    Caitlin Leksana says she identified the problem from seeing teams of 20 or 30 people that have no software, which she calls the perfect place to see.

    The answer starts at 9:39.

    BUILDERS · Listen on Apple Podcasts
  • Reid Hoffman

    Co-Founder, Executive Board Chair · Manas Ai

    Leaving his job

    Reid Hoffman says he left his job because he could see staying there wouldn't turn him into the entrepreneur he wanted to become, so he started LinkedIn.

    The answer starts at 6:30.

    First Principles · Listen on Apple Podcasts
  • Colin Zima

    Co-Founder, CEO · Omni

    Losing Five Deals

    Colin Zima says he had done about a hundred demos and had five unaffiliated customers who verbally committed, but then lost all five deals.

    PMF Show · Watch on YouTube

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