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We were joined by Gagan Biyani for an electrifying Fireside Chat. Gagan, the Co-Founder of Udemy (the world's largest site for online courses), Sprig (a food delivery startup that raised over $30M but ultimately failed), and Maven (a cohort-based learning platform backed by Andreessen Horowitz and First Round Capital), shared his wealth of experience. Here's everything we learnt from Gagan: The leading business model in a market typically outperforms the second best by a significant margin, as seen with online learning platforms. Only marketplace and boot camp models have reached significant scale and success in the era of online education. Initial concepts often require substantial revisions for success, as evidenced by the early strategies of Udemy and Maven. Strategic pivots, such as Udemy's transition to a self-service marketplace, are crucial for evolving and enhancing business models. Targeting practitioners in large organizations rather than social media influencers can lead to greater business success. Early identification and testing of operational risks are essential for mitigating challenges and ensuring business viability. Understanding and catering to customer demands is critical for achieving rapid growth and business success. An innovative and scrappy approach to business can lead to valuable insights and successful outcomes. Chapters: 00:00:00 Gagan Biyani on Writing and Entrepreneurship 00:04:50 Gagan Biyani's Tech Journey: From Accenture to Udemy and Maven 00:10:07 Importance of Flexibility in Startup Success 00:17:19 Udemy to Maven: Pivoting for Success 00:23:51 Maven's Pivot to Cohort-Based Programs 00:30:19 Validating Business Ideas Through Minimum Viable Tests 00:38:09 Building Minimum Viable Tests Before Products 00:45:56 Foundational Considerations for Founders To learn everything you need to know about the Founder Institute, visit https://linktr.ee/founderinstitute