Everyone claims to be an expert, but can they really help you build your business? There are three types of people an entrepreneur needs to build a successful business: employees to build the company, advisers to influence the direction of the business, and investors to provide the fuel and connections. Within each of these three…
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Getting success at the entrepreneurial setup isn’t easy. It’s because the success ratio is far less than the number of those who fail. According to a study, 90% of startups fail in the first five years of the venture. Given the failure ratio, jumping into the entrepreneurial field isn’t everybody’s work. #1 Get out of your mental trap…
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“Hitting chaos at 50 employees could mean several positive things. For one, it definitely means a company is growing, likely faster than planned. And as long as the growth doesn’t get too far out of hand, that’s a good problem to have. Chaos is also a sign that your company’s executives are spending time building…
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”Raising a Series A isn’t like raising your seed round. What probably took you a few weeks with minimal fuss is going to get a lot slower. Series A rounds can take months to close and involve a lot more due diligence. You’re probably wondering what metrics you need to guarantee a Series A.” Learn the…
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”People say that ideas are a dime a dozen, but many entrepreneurs–even experienced ones–struggle to come up with promising product ideas. The fact that you have an idea that excites you is a great milestone, and even though the startup journey is long and arduous, you at least have got a ticket to the show…
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”When you start with the problem, you ground your business in a real-world context. You present your business as purposeful, urgent, and user-centered. But something else happens when you tell someone about a problem. It triggers a ‘solution reflex’: when people identify with problems, they instinctively want solutions. Activating the solution reflex is a powerful…
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”In over 20 years of working in the startup world, with over a dozen acquisitions under my belt as an entrepreneur, advisor, and investor, I can assure you that an acquisition is always a massive and complex transaction that you’re never 100% prepared for. In fact, the one regret I hear over and over again…
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“It’s pretty clear that a vision should describe an inspiring future product that will help a large number of people — and make lots of money in the process. However, after hearing many responses to the ‘vision’ question, I noticed that the visions of great founders have something else.” Get to the answer reading the…
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“People don’t behave the way you wish them to behave. Human nature is human nature. If you want to create a successful product, you need to go with people’s psychology, not against it. Ek grasped that the changes that were happening in society were here to stay. You either go with the flow, and see where the…
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