What I learned from building, and shutting down, a startup — Kirsten Mann (Strategic Advisor)
Kirsten Mann is a board director, product leader and, with this episode, a three-time guest on the podcast. Last time she was here, she was building Vizory, an AI tool that helps company directors get through board packs. This time she's back to explain why she isn't building it any more. Talking to Randy Silver, she walks through exiting Vizory, the friction tests she ran before writing a line of code, and why she now believes distribution, not the build, is where most AI products actually die.Key takeaways
Vizory folded not because the product failed but because it couldn't own its channel. What started as a direct sale to individual board directors flipped into an enterprise sale the moment other directors wanted access, pulling in a chair, a company secretary and an IT team, and turning a straightforward B2B/B2C sale into something Mann didn't want to spend years building a channel for.
Being your own customer is the best focus group you'll ever have, and the most dangerous. Mann had lived the problem of a 500-page board pack landing on a Friday night, but her own conviction turned out to be the least reliable signal in the room, and she kept having to test against people who weren't her.
Before writing a line of code, Mann tested for force rather than sentiment: she asked directors for two confidential board packs and an audio recording of themselves reviewing one, and only started building once 10 people agreed to do it. Coffee-shop enthusiasm is cheap; handing over a company's most sensitive document is not.
Vizory's most-loved feature in demos, cross-pack search, was barely used once shipped. Directors said they wanted it and reacted strongly when they saw it, but in practice they went straight to an automated triage view instead — a clean case of stated preference diverging from revealed preference.
Board software runs on quarterly, not weekly, cycles, and trust compounds slower than value does. Mann modelled two review cycles before directors would rely on the tool; in practice it took three, meaning some customers on quarterly boards needed close to a year before the value became obvious, a timeline no 30-day trial can accommodate.
Pricing got caught in a double anchoring trap. Directors first benchmarked Vizory against the $20-a-month ChatGPT and Claude price point, so Mann positioned against the cost of a governance failure instead, then created a second anchor by pricing early pilots at $150 a seat against a $300 target, which made the later increase read as a 100% price rise.
Cutting friction is the wrong instinct early on. Mann deliberately added friction, asking for sensitive documents and charging as early as possible, to separate real demand from polite interest, arguing that most founders run tests designed to confirm they're right rather than to find a reason to stop.
Mann's main lesson for other founders is that distribution is now the product problem. AI has collapsed the cost of building software but done nothing to the cost of reaching people who trust you, which is why she pushed to add distribution, adoption and willingness to pay as a third discipline in the Makers' Manifesto, alongside building the right thing and building it right.
Multi-model products carry a new operational risk. One of Vizory's AI "judges" silently stopped being selected because the underlying model had been deprecated overnight without warning, a reminder that model drift means the QA and evals work never really stops, however fast the initial build was.
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Lily Smith enjoys working as a consultant product manager with early-stage and growing startups and as a mentor to other product managers. She’s currently Chief Product Officer at BBC Maestro, and has spent 13 years in the tech industry working with startups in the SaaS and mobile space. She’s worked on a diverse range of products – leading the product teams through discovery, prototyping, testing and delivery. Lily also founded ProductTank Bristol and runs ProductCamp in Bristol and Bath.
Randy Silver is a Leadership & Product Coach and Consultant. He gets teams unstuck, helping you to supercharge your results. Randy's held interim CPO and Leadership roles at scale-ups and SMEs, advised start-ups, and been Head of Product at HSBC and Sainsbury’s. He participated in Silicon Valley Product Group’s Coaching the Coaches forum, and speaks frequently at conferences and events. You can join one of communities he runs for CPOs (CPO Circles), Product Managers (Product In the {A}ether) and Product Coaches. He’s the author of What Do We Do Now? A Product Manager’s Guide to Strategy in the Time of COVID-19. A recovering music journalist and editor, Randy also launched Amazon’s music stores in the US & UK. Receive SMS online on sms24.me
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