5 reasons why startups struggle to explain their product
ā³ And where it shows up in their messaging š
1ļøā£ Theyāre too close to the product.
ā°ļø We call this āthe curse of knowledgeā.
Theyāve spent so much time going deep into the problem space and solving for nuanced technical challengesā¦
š¤® That they end up over-explaining everything.
2ļøā£ The product & customer constantly changes.
Finding product-market fit is like trying to build a skyscraper on shifting ground.
š The product's always changing
š The target customer's always changing
And when everything is in flux...
š¢ The messaging ends up being all over the place.
3ļøā£ Theyāre building a platform that does many things.
As the number of features goes upā¦
š So does the number of messages.
But therein lies the rub ā you only have so much space & time to communicate the value of your product to a prospect.
ā³ And you wonāt be able to talk about everything.
4ļøā£ They refuse to give up on their favorite features
No one likes to admit that their ideas arenāt working.
And rather than removing them from the product and building new featuresā¦
š They try to keep them alive by over-messaging on 2nd-Order benefits.
5ļøā£ Theyāve raised money with a story on the future.
This is a trap.
The message your VC's loveā¦
(Big TAM, lots of use cases, growing markets)
āĀ Ā Is not the message your customers care about.
This leads to a big message misalignment.
_______
So if you're an early stage startup struggling to explain your product...
Be aware of these common mistakes and remember...
š® You can't fix your messaging problems if you don't know what's causing them.
Ben Wilentz
Founder,Ā Stealth Startup