How to validate your startup idea? This probably is the most important question to ask before jumping into a rabbit hole of potentially months or years of new product development and launch. The best approach would be to focus first on building a relevant Research Plan to verify the feasibility of the new startup concept.
Finding the right co-founders is of extreme importance – no solo founder will be able to build a scalable business because nobody has all the necessary skills to implement everything needed for the basic functioning of the company.
There are people who want to do something much greater – they want to change the world. Although there are several ways to do that, one of the most impactful and meaningful of them is to become an entrepreneur.
Motivation is a total necessity when it comes to startups (although not only with them) and it should be something beyond money – a willingness to achieve greatness, to create things that never existed before or just to add great value to the world.
A good team will require members whose skills complement each other’s, so search for someone with the skills you lack.
Funding Choices When talking to startup founders I very often see people who don’t understand how the funding actually works. No matter if you have done it before or this is your first startup, it is never easy to get things running. The only way to reduce the frustration and Read more…
Considerations When Seeking Venture Capital Probably the most important thing when seeking venture capital funding, as with any other type of funding is to show at the right places where “seekers are seeking”. In other words, you need to get in front of venture capital firms. Asking for money is Read more…
Venture Capital Definition What is venture capital and why use it? How much can a startup raise from a venture capital company? At what stage of a startup development is the right time to seek venture capital help. Venture capital is a type of financing that is associated with high-risk Read more…
Challenges When Raising Funds When we discuss the process of raising money for a startup it is usually assumed that we talk about diluted (equity) funding. This simply means that you will be giving away ownership of your company. Non-diluted funding means you will be getting money, but will not Read more…
Why Founder Compensation Is An Important Question Founders are the engines in a startup. A founder can make or fail a startup. This has been seen and proven many times in Silicon Valley history. The startup folklore is filled with stories of heroes, daemons, and socially awkward leaders of unicorn Read more…