Book · ~368 pages

The Cold Start Problem

Andrew Chen Paid Intermediate

Chen names the hard side of the network, the users who create most of the value and are hardest to win, and shows how to reach a first atomic network small enough to feel full. It is the deepest treatment of why you concentrate rather than spread. Read it when you want the theory behind picking and nurturing supply.

  • Win the hard side of the network first.
  • Build one small atomic network that feels alive, then copy it.
  • An empty, low quality launch creates anti-network effects that kill you, so start narrow.

It answers 2 questions

  1. I'm a solo technical founder. How do I MVP a two-sided marketplace when I need both buyers and sellers before it works at all?
  2. I'm building outside the big startup hubs with almost no budget. What's the cheapest no-code stack to launch a marketplace or directory?

Read with it

  1. The single best thing ever written on customer conversations. It teaches you to ask about the customer's life and past... momtestbook.com Book · ~130 pages The Mom Test Rob Fitzpatrick
  2. The permission slip to recruit users by hand, do things manually, and deliver 'insanely great' experiences to your first few... paulgraham.com Essay · ~15 min read Do Things That Don't Scale Paul Graham
  3. For a two-sided marketplace, the first real decision is which side to define and win first, and this essay makes the case... NFX Essay · Long read (about 25 minutes) 19 Tactics to Solve the Chicken-or-Egg Problem and Grow Your Marketplace James Currier
  4. This is the canonical a16z reference that defines the marketplace vocabulary you actually need before you build a model: GMV vs... Andreessen Horowitz (a16z) Essay 13 Metrics Every Marketplace Company Should Track Jeff Jordan, Li Jin, D'Arcy Coolican, Andrew Chen (a16z)
  5. Lenny interviewed dozens of people who built Airbnb, DoorDash, Thumbtack, Etsy, and Uber, then distilled how they actually got... Lenny's Newsletter Article · ~25 min read How to Kickstart and Scale a Marketplace Business (Part 1) Lenny Rachitsky
  6. Airtable is the friendly database that sits under most no-code stacks, and it is where many founders quietly run the first... Airtable (airtable.com) Tool Airtable Airtable (airtable.com)
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