For many years, investors and the wider public considered that a startup is just a small company, but the differences between the underlying philosophies of a startup and a small company are so great that they barely have any similarities.
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.
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…
Whole Product Concept The Whole Product Concept is a different way of thinking when you make an offer to your customers. The concept was first introduced by Theodore Levitt and Regis McKenna, but it really picked up as an alternative way of thinking after Geoffrey Moore popularized it in his Read more…