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Principles not playbooks

Stephen Millard

Join me in exploring the principles and mental models founders and leaders are using to build enduring and powerful companies in the AI Age.

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues27Founded9 months agoLast Issue5 days ago
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Latest Issues

Product-Market Fit was always a fiction. In this era, its a dangerous one.

We are pre-PMF, they are post-PMF. These three letters are everywhere; in board reports, in fundraising narratives, in the language founders use to describe where their company is. The industry has used the vocabulary for so long, and so lo...

5 days ago
5

Start, Build, Scale: what endures and what changes

Every founder I have ever worked with has had an “OH SHIT” moment.

It arrives without warning. The company is growing, the team is hiring, the customers are coming in. Then one morning it lands: who and what got us here will not get us the...

8 days ago
4

GTM Systems are derived, not contrived

You’ve built a go-to-market before. You know what worked: the motion, the sequence, the hires, the pricing logic. It’s in your head, and the temptation, now that you’re doing it again, is to run it. You know how a market works. You’ve seen...

12 days ago
7

Your ICP Is a Posterior, Not a Prior

Most founders treat their ideal customer profile as an hypothesis. A statement of intent, a document agreed at the offsite, stuck to the wall, and handed to sales as the people they’re meant to win.

That’s a prior. And it’s almost always w...

19 days ago
15
7

April wrap-up: what we covered this month

A lot of the thinking this month has been about what endures, what breaks, and what needs to be redesigned from scratch in the AI era. Here’s what I wrote about.


Principles, pitfalls and power kicked off the month. The starting ques...

a month ago
5

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  • Stephen Millard

    I work at Notion Capital, helping founders reach their potential. After a decade in VC and 100+ companies, I’ve seen unique journeys but common lessons. AI is reshaping how businesses are built and I'm privileged to be in the middle of it.

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