Derek Pankaew

My product went viral on Reddit. 640,000 views on my post, 5.1k upvotes. Lots of sales, too! Whoooaaaa quite a product launch 🎉🎉🎉 #buildinpublic #startups #entrepreneur

@DsMatie @judgeme @celispj Can you send me the full doc also?

Interesting insights for Shopify App Founders This paper from Fabrizio (@judgeme @celispj ) is really interesting Seems like you guys didn't share it there, so I'm doing it Real data from: 1. ~24,000 Shopify apps 2. ~2.7 million stores 3. Thousands of installs and uninstalls Even though there are 24,000 apps: 1. Most apps never get installed 2. Only ~4,000 apps have real usage 3. Most merchants use 3 apps or fewer More than half of Shopify app categories are very competitive. No single app dominates. Even in big categories like: Discounts Upsells Email Bundles So launching in a “crowded” category is not stupid. The study shows something surprising: In almost 9 categories out of 10, older apps are losing users and newer apps are gaining users. That follows what I was saying: new apps are getting pushed by Shopify (Let me know if you want the full document from Fabrizio)

@DsMatie video

FREE content for Shopify App Founders 🔥 I had the pleasure of speaking at Techtonic about the steps to grow from $0 to $50K with a Shopify App. And it was recorded! Like and Comment "VIDEO" and I will send you the link by DM

Cursor / windsurf works great with Test Driven Development. Write your tests first, then Cursor in Composer mode can write your code, run your tests, figure out what's broken, rewrite the code, etc all on its own. Super impressive.

If you haven’t adopted this new way of building companies, you will get outcompeted. In twelve weeks - four of ten teams broke $2M ARR - fifth team hit $1.7M - top team went from 1 to 10M Launching applications today. Ten teams. Only one HF0.

HF0 is the longest period of uninterrupted focus most founders experience in their lives. And it delivers real results. 40% of teams break $1M ARR. Avg team raises $5M+. Final application deadline is tonight at midnight.

@katieruthmishra @WSOP Would love to join!

Looking to build a poker founder community. All experience levels, I'll teach newbies (see me at @WSOP below lol) and high stakes for the whales. Let me know if you’re interested in joining

This election is going to change our country forever. Life will get complicated, noise will be everywhere.  But HF0 will be quiet. It’s where ten teams will be shutting out the world to build generational companies.  Applications open today: hf0.com (1/5)

@blakeandersonw @zach_yadegari With the “share with 3 friends to unlock premium” strategy - what’s the K factor of that? How many people do the average user share with?

Tomorrow, @zach_yadegari and I will... 1) Explain how to build and launch viral products 2) Answer live questions We will address all of the top replies from this post in depth. Leave a comment or question below and like the ones you want answered! twitter.com/i/spaces/1kvKp…

@blakeandersonw With the “share with 3 friends to unlock premium” strategy - what’s the K factor of that? How many people do the average user share with?

@portfoliopilot Congrats on the launch! 🎉 💪

Excited to announce our $2M capital raise! 🚀 As we build an AI financial advisor, we picture a future where investors have hedge fund inspired insights at their fingertips Honored that CNBC covered us buff.ly/3WMs8uf See how 22,000 individuals use PortfolioPilot

@shahedkhan @loom I’d love to chat! Founder at Listening.com, we turn research papers and articles into audio so users can listen on the go. We’re more in the 1 to 2 phase, would love to chat about scaling.

How 9 months of building without success, 2 difficult pivots, and dozens of rejections resulted in @loom: In reflecting back on the last 8 years, and investing in 40+ companies, I've become convinced that the most common pitfall for founders is investing too much time on finding the ‘perfect’ solution to their idea. This thread covers the story of Loom—and why you'll likely start with an imperfect idea before landing on your winner: Loom didn’t begin as Loom. It started around a whiteboard with Vinay, Joe, and myself. We wrote down six ideas, and went with the solution we thought was perfect: A user testing marketplace. We began building. 7 months in, we only made $600, but learned an important lesson: Companies generally cared less about advice from experts (what we were selling). Instead, they wanted to hear directly from their own users. We pivoted. The new idea? Build a SaaS offering that’d let companies get direct feedback from *their own users*. As Vinay started to rebuild the product, Joe and I spent weeks cold emailing 300 different companies offering a free trial... Soon after—we heard back from a research team at Harvard. They used our product (called OpenTest at the time) to gather insights from 7 students for a campaign. As a result—they received 7 different videos with various insights. Instead of sharing these videos back with the entire research team... Someone at Harvard used the same Chrome extension (built originally for the user testers themselves) to record a 1-minute summary of the 7 videos. This 1-minute video was shared back with their team. This wasn’t how our product was supposed to be used. Yet it was a valuable insight: We realized that people were more interested in using Loom as a communication tool. When we were able to realize that... We took the screen and video recording extension, launched it on Product Hunt in June 2016, and had 3,000 people sign up on the same day. Which was 2,990 more users than we’d had in the 9 months prior. A couple things one can take away from our experience: First, de-stress yourself from “finding the perfect idea”. It’s impossible to predict how things will go once you start—and it’s better to start and adapt than never launch because you’re worried something won’t work. Just like baking, playing guitar, or learning a sport, coming up with the perfect startup idea is something you likely won't get right on your first attempt. Second, the four traits that got us to Loom were: 1) Timing of the market 2) Camaraderie 3) Intense focus 4) Pure luck We were in a period where remote work was early, but not a foreign concept. We enabled a ‘trust by default’ mentality amongst the team. With a common goal, we celebrated outputs that drove real results. This contained our own bias and ego. We limited distractions, even the shiny ones (investor meetings, meetups, high-value dinners in SF, etc) and chipped away at finding product-market fit. Lastly, with all this effort, we were fortunate to find some luck along the way that made things a bit easier for us. That’s the story of how we came up with Loom: An idea that worked, after a couple that didn’t. For the past few weeks, I’ve been spending more time with founders on getting their V1 out, helping discover growth opportunities, fundraising, and advising as founders go from 0-1 as well as those scaling from 1-2. I'm opening a few slots to work with me 1:1 for the next 3-4 months. Criteria: - You're a Founder or CEO - You're building in B2B SaaS or Consumer Reply below and I'll share my booking link.

@Bfaviero Stratechery, 5 Bullet Friday, Lenny’s Newsletter, Justin Mares’ newsletter

What are your favorite newsletters? I need to refresh my information diet Can be anything - fun, work, AI, crypto, etc

@chefjeffsf @garrytan Let him cook!

please reply “let him cook” if you think @garrytan should let me cook for YC

@thesamparr @thesamparr - Really enjoyed the first episode! I hope you guys decide to make more :)

Note: I made one episode so far and am not sure if I'll do more. These style podcasts, take a lot of resources to do. I'll only make more if you all really want them. You can tell me here on Twitter. Hate it? tell me. Love it? tell me.

ANNOUNCEMENT: Today I'm launching something that, if done poorly, will make me sound like such an entitled ass. It's called MoneyWise, a podcast that reveals personal finances of high net worth people. The topics being discussed...they can sound super dbag if done incorrectly. Monthly expenses, asset allocation, emotional stuff. These convos rarely happen publicly. I'm lucky with Hampton and my career that I'm able to hear these private convos. But now we'll share some of them with you. And so if you're curious...MoneyWise will be a way to hear conversations that only happen privately. God willing...MoneyWise will be ***tastefully done*** so we have these interesting convos without sounding like asses. Our first episode: "At what liquid net worth did you stop worrying?" One of our guests sold his company for $250m at 31. Another guest makes $15m/year in personal income as a lawyer. We ask them at what number did they stop worrying. Answers were drastically different. Each guest reveals their net worth, monthly expenses, portfolio, and more details (stuff people rarely share!). You can check it all out in the next tweet.

@caseykcaruso @cursor_ai Thanks for the tip! Just looked into it, excited to try it out :)

If you're a dev and you're not using @cursor_ai yet, please from the bottom of my heart, take 10 minutes and try it. It gives us superpowers and accelerates creation. I'm not an investor so have no incentive to say this.

@proptechceo Very interested!

@automationism I like this chart 😁

1 business paying $10K/mo vs. 400 consumers $3.5K/mo. Which is better? Same tech.

@erikdunteman Soon you’ll have a factory factory, so you can factory while you factory 🤔

the word "factory" has shown up in our codebase buy sign or sell sign?

@tangjeff0 This tweet is amazing xD

you’re in the arena. i’m in the kitchen. we are not the same

@dtran320 @rickyyean @flowdotclub It’s a cruel world 😭

Pro: we’ve come a long way since @rickyyean and I were the only ones hosting @flowdotclub sessions every day. We’re just getting started, but it feels great that we’re making something people want Con: I really wanted to join @DPankaew’s session, got distracted for 2 min before booking (to tweet), and it’s full immediately