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Forethought AI Co-Founder Reveals Secrets to Building a Lasting Company
14 Nov
Summary
- Forethought AI co-founder Deon Nicholas shares insights on building a successful startup
- Focused on solving real problems, not chasing hype or inflated valuations
- Embraced iteration over perfection with "7-Failure Rule"
In November 2025, Deon Nicholas, the co-founder of Forethought AI, sat down with Isabelle Johannessen, the host of the Build Mode podcast, to share his insights on building a successful startup.
From the beginning, Nicholas and his team at Forethought have focused on solving real problems for customers rather than chasing hype or inflated valuations. This conviction-driven approach, as opposed to being driven by venture capitalists, has been a key to the company's longevity.
Nicholas also swears by his "7-Failure Rule," which encourages founders to embrace iteration over perfection and expect a few missteps before finding what truly resonates with customers. This mindset powered Forethought's breakout moment at TechCrunch Disrupt 2018, where the company won the Startup Battlefield competition. In the lead-up to the event, the team sprinted to secure as many paying customer logos as possible, a focus that fueled investor interest and a $9 million Series A round.
While Forethought's momentum built quickly, Nicholas maintains that the company's long-term success stems from its unwavering focus on delivering tangible value to customers, not from hype or "rock-star energy." For founders, the key takeaway is to build from day one with customers in mind, validate every step with feedback, and avoid getting distracted by valuations or buzz.
