Successful Startup Case Study and How to Prevent you Startup From Failing Before it Even Starts: Insights from Danny Morrow of Extend Payments | Ep 105

In this podcast, Danny Morrow, co-founder and Chief Innovation Officer at Extend Payments, shares valuable insights about his personal and professional growth. He discusses the magic of taking an idea to a successful startup, emphasizing the critical role of building culture, attracting the right team, and instilling a continuous learning mindset. He recounts how Extend Payments was conceived and developed and highlights the significance of creating a solid product-market fit, fostering strong relationships, and maintaining humility in the face of success. A central theme of his narrative is the importance of iterating, feedback, and remaining open to change and growth.Connect with Danny: https://www.linkedin.com/in/danny-morrow/Careers at Extend: https://www.paywithextend.com/careersSubscribe to the Way of Product Newsletter: www.wayofproduct.com00:36 The Journey from CTO to Chief Innovation Officer03:12 The Role of a Chief Innovation Officer03:22 The Intersection of Design and Technology03:59 The Evolution of a Career in Technology04:31 Building a Team and a Company Culture05:13 The Role of Creativity in Technology10:13 The Journey to Founding Extend11:09 The Challenges and Rewards of Starting a Company11:58 The Importance of Curiosity and Learning in a Startup12:13 The Magic of Design and Technology21:58 The Story of Extend's Inception26:52 The Importance of Founder-Market Fit28:40 The Excitement of Learning a New Industry29:22 The Importance of Building a Strong Team30:27 The Art of Delegation and Trust32:48 Building a Positive Company Culture34:11 The Evolution of a Startup38:09 The Role of Creativity in Business40:55 The Journey of Building a Product43:15 The Importance of Feedback and Continuous Improvement46:17 The Process of Marketing and Sales54:56 Reflections on the Journey and the Future This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.wayofproduct.com