Evidence receipt / evaluation
Published · transcript-backedLenny Rachitsky: evaluation
13 Apr 2023 Lenny's Podcast How to build a cult-like brand | Laura Modi (Bobbie)
“Some people do what you did there, where you take a big risk and kind of maybe stick backwards and it doesn't work out.”
Source trail
Everything needed to verify it.
- Speaker
- Lenny Rachitsky
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 13 Apr 2023
- Publisher
- Lenny's Podcast
Transcript context
…EJ. EJ incident. It was all over the papers. It was a small company. I wasn't really given a title. And I'll never forget as well, exactly the same narrative. My parents going, "Hold on a second. You're leaving Google to go start a B&B." Like, "No, I'm not starting a B&B. I really believe this company's going somewhere." So anyway, the moral of the story is the move into starting my own business, it was a big risk and it was one that I felt so confident on that was needed, it was worth it. Some people do what you did there, where you take a big risk and kind of maybe stick backwards and it doesn't work out. And in your case it's worked out many times. Is there a thread across the decisions you've made that you think people maybe should look for or you think is important in taking that big risk? Or do you think it was a lot of super luck? Super luck. I mean, I have a folder of businesses and product ideas that, prior to Bobbie, I had dreamt of. And we can always get into that again in the future. Some of them I still dream of doing one day, but a big reason for not taking the risk is because I didn't feel the conviction. So, yes, while I think it's luck, I think I put a lot of intention into researching the marketplace, understanding the business, determining how much of a risk I'm really able to take, even financially. Sitting with my husband and determining how long I may need to be in this position before raising capital and is it possible? It certainly isn't what sometimes it can appear on the surface, which is, "Oh, she had an idea and she left." There's a lot of work that goes into determining is this actually going to be something that's viable?…
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