Dan Romero and Erik Torenberg chat about building a company in 2024, selecting ideas to work on, and finding product-market fit (Dan quotes Marc Andreessen's definition of the term). They also cover Dan's experience at Coinbase and building Farcaster. They recorded this episode for a new show called Request for Startups where guests discuss the startups they think should exist, and share how they navigated the idea maze in their sector https://requestforstartups.substack.com/

Subscribe to Request for Startups for more of these types of episodes:

• Video episodes are only available on Substack: https://requestforstartups.substack.com/


• Spotify: https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv


• Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822

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RECOMMENDED PODCAST: History 102 with WhatifAltHist

Every week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.

Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihm

Apple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913

YouTube: https://www.youtube.com/@History102-qg5oj

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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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SPONSORS: BEEHIIV | NETSUITE

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Sign up for our newsletter to receive the full shownotes: https://momentofzen.substack.com/

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LINKS:

Farcaster: https://www.farcaster.xyz/

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X / TWITTER:

@eriktorenberg (Erik)

@dwr (Dan)

@moz_podcast (Moment of Zen)

@TurpentineMedia

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TIMESTAMPS:

(00:00 ) Intro

(00:15 ) Farcaster's Growth and Frames

(04:06 ) Social matters

(07:46 ) Evolution of Farcaster

(11:17 ) Sponsor: NetSuite

(12:28 ) How Dan built Farcaster

(28:01 ) Challenges of Competition

(36:19 ) Venture involvement

(36:34 ) How Erik started Turpentine

(38:17 ) The Concept of Founder Market Fit

(39:32 ) Unfair Advantages in Startups

(40:06 ) The Danger of Over-Experience in Startups

(41:24 ) Market Selection

(42:23 ) Distribution

(52:22 ) The Impact of Higher Education on Startups

(55:55 ) The Potential of Labor Marketplaces

(01:00:48 ) The Future of Pseudonymous Networks

(01:03:04 ) The Role of Reputation in Hiring

(01:12:43 ) The Power of Utilizing Idle Assets

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.