Want to learn the best business insights from remarkable speakers at Slush 2023, but don’t have the time to watch the full speeches on YouTube?
You’ve come to the right place. Below is a summary of a speech by Tristan Handy, founder of dbtLabs and Sequoia Partner Matt Miller.
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<p class="h1-rich">🤏 TL;DR</p>
DBT Labs discussed the importance of building a strong community for product growth, shared their journey of becoming a founder and starting an open-source tool, and emphasized the role of community feedback in product decisions. Action items include developing a plan to leverage the community for growth, evaluating the potential of building an engaged community, creating an open-source strategy, and continuously engaging with the community.
<p class="h1-rich">✨ Summary</p>
Building and Leveraging Community for Product Growth
- DBT Labs helps companies transform, organize, and share information
- Story of how the speaker discovered DBT through community recommendations and became an investor
- Discussion on the importance and power of building a strong community
Starting a Company and Becoming a Founder
- Speaker shares his own journey of becoming a founder and starting DBT Labs
- Importance of solving a problem and creating a missing piece in the market
- How the DBT community grew and the impact it had on users' careers
Open Source vs. Commercial Business
- Decision to make DBT an open source tool
- The importance of not locking people in and empowering them to make choices
- Challenges of monetizing an open source product and providing added value
The Role of Community in Product Decisions
- Community feedback and contributions as valuable resources for the company
- Examples of how the community has influenced product decisions and improvements
- The ongoing challenge of balancing open source and proprietary offerings
Engagement with the Community
- Various ways DBT Labs engages with the community, including blog, podcast, and events
- The importance of being active and present in the community as a leader
- The reciprocal relationship between the company and the community
Building the Business and CEO Challenges
- The transition of co-founders to individual contributor roles
- The importance of maintaining company culture during leadership changes
- The challenges and decisions faced as a CEO
Advice for Entrepreneurs
- The importance of understanding the long and challenging journey of entrepreneurship
- The need to prioritize personal well-being and sustainability
- The role of the founder's spark and unique perspective in driving success