John Li, co-founder of PickFu, discussed his journey from UC Berkeley to co-founding the company. He emphasized the importance of corporate experience, particularly at Microsoft, in shaping his approach to building software. Li highlighted the value of market validation and the iterative process of achieving product-market fit. He explained that PickFu, a polling platform, helps businesses get instant feedback from their target audience, with a focus on high-quality, written responses. Li shared success stories of Amazon sellers using PickFu to improve click-through rates by 10-20%. He also stressed the importance of staying curious and learning about industry trends.
Resources
- You may connect John Li on LinkedIn
- You may visit PickFu website.
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Interview Highlights
John Li's Journey to Co-Founding PickFu
- Daryl Urbanski introduces John Li, co-founder of PickFu, a platform that helps businesses get instant feedback from their target audience.
- John Li shares that he did not come from a family of entrepreneurs but was inspired by the .com boom and bust during his time at UC Berkeley.
- John Li and his co-founder graduated during the .com bust and initially sought safety in corporate jobs before deciding to start something together.
- John Li emphasizes the value of corporate experience, particularly at Microsoft, in teaching high standards and processes in software development.
Balancing Corporate Experience and Startup Culture
- John Li discusses the benefits of working in a corporate environment, including learning about high standards and processes.
- He acknowledges the initial frustration with bureaucracy but appreciates the importance of having some level of process.
- John Li explains that he has found a middle ground between the rigid corporate structure and the chaotic startup environment.
- He highlights the importance of setting high standards in software development and the value of building software the right way.
Building Software the Right Way
- John Li uses the analogy of building a house to explain the difference between hacking something together and building something that lasts.
- He advises entrepreneurs to think about the next steps after scaling and to keep trade-offs in mind when building their products.
- John Li emphasizes the importance of iterating and improving products based on customer feedback.
- He shares a meme that illustrates the difference between initial attraction and long-term satisfaction, emphasizing the need for a sustainable approach.
Finding Product-Market Fit
- John Li explains that product-market fit is a journey, not a destination, and that it involves constantly refining understanding of target customers.
- He discusses the importance of getting market validation early and the pitfalls of relying solely on one's own ideas.
- John Li advises entrepreneurs to put their ideas in front of their target market and gather feedback to validate their assumptions.
- He emphasizes the importance of following the interest of the target audience and making adjustments based on their feedback.
Building in Public and Market Validation
- John Li discusses the concept of building in public and the potential benefits and drawbacks of this approach.
- He explains that building in public can help build an initial audience but may not necessarily reach the target customer.
- John Li advises entrepreneurs to be thoughtful about their intent and the audience they are trying to reach.
- He shares an anecdote about Gary Halbert's approach to market validation, emphasizing the importance of getting tangible feedback from potential customers.
The Role of Surveys in Market Research
- John Li explains that the reliability of surveys depends on how they are run and the quality of the respondents.
- He highlights the importance of asking the right questions and targeting the right audience.
- John shares that PickFu provides industry-specific templates and high-quality responses to help businesses get accurate feedback.
- He discusses the value of written feedback in providing detailed insights that can help improve products and strategies.
PickFu's Unique Value Proposition
- John describes PickFu as a digital focus group with millions of global consumers ready to provide feedback.
- He explains that every respondent provides detailed written feedback, which is valuable for iterating on creative elements.
- John shares success stories of Amazon sellers using PickFu to improve their main images and increase click-through rates.
- He emphasizes the affordability and speed of PickFu, making it an accessible tool for businesses of all sizes.
The Future of Market Research and AI
- John discusses the future of market research and the role of AI in providing fast, reliable feedback.
- He emphasizes the importance of ease of use, high-quality insights, and providing value to users.
- John acknowledges the rapid changes in technology and geopolitics but believes that the need for fast, reliable feedback will remain constant.
- He highlights the importance of staying on top of trends and best practices in the industry.
Important Habits for Success
- John shares that staying curious and always learning are important habits for success.
- He emphasizes the importance of staying informed about the latest tools and trends in the industry.
- John discusses the value of team building and culture building, particularly as businesses scale.
- He highlights the importance of selecting the right team members and ensuring that the team is working towards a common vision.
Final Thoughts and Contact Information
- John reiterates the importance of using AI as a tool rather than a replacement for human skills.
- He advises entrepreneurs to focus on excellence and providing an excellent user experience.
- John provides information on how to sign up for PickFu and get in touch with him on LinkedIn.
- He encourages businesses to try PickFu and benefit from the high-quality, affordable feedback it provides.