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After analyzing hundreds of posts on startup management, I’ve distilled the key pieces of advice that founders and leaders should keep in mind. As startups scale, effective management becomes the difference between chaotic growth and sustainable success.
Everybody has a blog these days and there is much advice to be had. Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. What is a founder to do? The most helpful type of advice in my mind are frameworks for how to solve a problem.
I’m a female founder. I don’t have a technical co-founder. These are all of the things I heard from a founder that I recently backed. So what about all of the above statements—things that founders widely hold to be true barriers to fundraising? The startup ecosystem is a terrific manufacturer of bad fundraising advice.
Yesterday, I met with a founder with an interesting model who was raising $400k to bring the finishing touches to her product to make it customer-ready. In fact, the only founder I've ever seen completely run the table for a multi-million dollar seed round based off of a Powerpoint is Chantel Waterbury of chloe + isabel.
Ai-Ling Wong—founder at The Decorateur. Alex Louey—founder and managing director at Appscore . Andrea Grisdale—founder and CEO at IC Bellagio. The reason this advice is so important is that often people are quick to make decisions or take actions, only to use twice the time later to fix mistakes that could have been avoided.
Contributed by Kym Huynh, an EO Melbourne member, EO Global Communications Committee member, and co-founder of WeTeachMe. Here’s what seven EO members shared when asked, “What is the best business advice you ever received?” Kym Huynh, EO Melbourne, founder of WeTeachMe. If I outgrow you, I will fire you!”
She recently attended a Facebook Live stream hosted by Warren Rustand , co-founder of EO’s Leadership Academy in Washington, D.C., Rustand says he’s had calls from more than 300 business leaders at small and medium-sized companies looking for advice. where he addressed the global pandemic.
Shivani Gupta, EO Queensland, multi-business founder, author, speaker and coach Profit from profit My big learning from EO Malaysia member Fong Leng Wong is: Profit from profit. As female entrepreneurs, we are independent-minded and innovative, and this advice is critical for securing our future and the future of our families.
This interview is with Kristin Marquet , Founder, Tech/Analytics/PR Expert, Academic Finance Background at Marquet Media. What practical advice do you have for entrepreneurs, especially parents, to prioritize their well-being without sacrificing productivity?
Two prominent entrepreneurs share their views on starting a business plus 10 tips every first-time founder should have. A founders journey when taking on the challenge of launching a startup is filled with highs and lows.Their path to success will have challenges, setbacks, and moments of doubt.
The Coveteur article featuring Andy and Bonobos encapsulated exactly how a founder worth writing about will act: ".He 4) Thank Andy Dunn for showing us the way to be one of the best storytelling founders ever. And it’s true: [FOUNDER] is wildly successful. CAN SOMEONE SAY THIS ABOUT YOU? IF NOT, GET ON THAT S**T.]
If you haven’t yet heard about Female Founder Office Hours it is an initiative you should be aware of whether you’re male, female or any other gender identify. Female Founder Office Hours gives founders the mentorship and the role models to see that it is in not only possible but also to have a plan to make it a reality.
the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. I never thought of this until I became the Founder & CEO of my first startup company. Why you should never have a data room?—?the
By Luisfer Pelayo, founder of ATÁLIA. Some advice to start with would include: Answer these questions: What is your mission? Luisfer Pelayo, the founder of ATÁLIA, has a master’s degree in digital marketing and e-commerce. When we start a brand, we rarely begin with thinking about the community around it. What is your vision?
For years, he went on to advise other founders about how to generate VC interest, which really could have amounted to, “Be a warm body with a pulse in a sector that firm got shut out of a deal in.” Founders get “happy ears”. The ecosystem is full of bad advice from founders that couldn’t raise.
People often ask me for advice on fundraising, generating deal flow, hiring, increasing visibility , triathlons, babies, etc.--a As the person giving the advice, doing a half-assed job of getting someone all the information they need is pretty unsatisfying—so that becomes a barrier to wanting to do it at all.
You get to have interesting conversations with founders and review business plans and then see how these businesses evolve over the years. The other day I posted some advice on Twitter that I just did free-formed from thoughts going through my head from recent conversations. Some even grow "bad" revenue just to show growth.
This post highlights what has happened and what might be coming for investors and founders. And what does this mean for founders? For founders, valuation resets often mean “down rounds” where unrealized employee wealth evaporates seemingly overnight, with the corresponding morale problem.
At EO’s 2024 Global Leadership Conference (GLC) in Singapore, the more than 1,800 attendees from 65 countries sat in on an energetic fireside chat with Chatri Sityodtong , founder and CEO of ONE Championship , the world’s largest martial arts organization. and more articles from the EO blog.
Having recently survived his first bout with cancer, the legendary Apple founder delivered an emotionally vulnerable speech that has become one of the most watched of all time. The post Pomp and Reality: Real advice for today’s graduates appeared first on. Watch | Transcript. Steve Jobs, Stanford, 2005.
Talk to ten founders and ten different VCs and you’ll get roughly about 600 different suggestions as to how you should go about your fundraising strategy. Too often, founders look at what they’ve done so far as proof they should get funded, whereas they should really be looking at it as proof of a funding-worthy plan.
The most successful entrepreneurs are those who take the approach of seeking out those who can give the best advice when dealing with the challenges of growing their small business or startup. The Importance of Seeking Out Expert Advice Seeking out expert advice is crucial for small business owners for several reasons.
Generally speaking, women are more inclined to listen well, work with others and to offer help--so when the job gets seen as just a lone, final yes/no, where you bark out advice after listening to a founder for five minutes, that might seem less interesting. Bonus: Founders make it too easy for us to be jerks.
Here is advice I collected for dealing with the stress of running a startup: 1. Brad Feld, a partner at Foundry Group and investor in many successful startups, gave me this piece of advice. Famously, Scott Cook, the founder of Intuit, once had to pay his employees with stock because he couldn’t make payroll.
Timely financial advice is critical for a company to sustain operations when revenue growth stalls Whether through the loss of key accounts or business slumps tied to economic downturns, small business owners need to take actions that will keep their businesses going until new customers are found or the economy recovers.
I often speak about co-founder fighting and how this ends in lawsuits but this has become much more prevalent. I’d encourage you to watch this quick 3-minute video with some views on what I call “ The Co-Founder Mythology ” that is perpetuated in Silicon Valley. Lawsuits are particularly common amongst co-founders.
14 Pieces of Advice for Resolving Conflicts Among Startup Team Members Navigating team conflicts in a startup environment requires wisdom and practical strategies. Drawing from the experiences of CEOs, Co-Founders, and other leaders, we’ve compiled fourteen diverse perspectives. My top advice?
It always started the same way – a founder would ask for an intro because they figured he could help with promotion. And after one meeting they started asking for his advice about marketing, customer engagement, product design, monetization – whatever.
If you had to share, words of wisdom, with a Founder whos about to start their own startup, what would theybe? My advice would be to stay focused on your whythe core reason youre building your business. Long-term, we want to be an industry leader that drives positive change and sets new standards for whats possible in ourspace.
When a startup founder is trying to raise money, they know they should use referrals to get introduced to investors. Contact them and ask for advice. Can I get some of your advice on our next few steps?” But those referrals are hard to get! Investors ignore cold-calls.
I suppose it can be different for every founder and for different VCs but I’d like to offer you some context on what I think it is and it isn’t. I see this on a regular basis like the founders – Josh Mangel & Aaron Peck – at Skurt who are asking the obvious question of why renting a car an airport sucks so badly.
The YLAI Network team spoke with Jonathan to gain some insight into his social ventures, thoughts on the rise of artificial intelligence, and any advice for fellow network members looking to jump into entrepreneurship. Jonathan’s advice to fellow young leaders and network members is to trust the process and trust the journey.
Over a decade ago, when I was working for First Round Capital, we opened our doors for “Open Office Hours”—a series of open meetings where any founder could come in and chat with us for 20 minutes each. I’m not sure we backed any of the founders—but that wasn’t the point. We met quite a few smart folks. We had 70 investors sign up!
A well-known entrepreneur turned VC, who will go unnamed because I am not sure he would want me to share this conversation publicly, once told me “if you remove a founder, you must sell the company within a couple of years or it will start to decline in value.” Some founders are this rare breed of visionaries who can operate too.
Whether you’re a first-time founder or a seasoned business owner striving for the next level of success, a mentor can provide insights, timely guidance, and encouragement that brings a positive impact on your business journey. A mentor is there not only to offer business advice but also to listen and offer reassurance.
Given the request for input and feedback, you might expect a presenter to receive various advice from the other Forum members. However, most Forum organizations train members to specifically avoid giving advice. Under an advice framework, my Forum-mates take turns telling me what I should do in my specific situation.
We summarize these pearls of wisdom in our new book, Smart Startups: What Every Entrepreneur Needs to Know — Advice from 18 Harvard Business School Founders. The book is full of insights and advice for every stage of your entrepreneurial journey. Here are three key pieces of wisdom to get you started.
For me, I have at least two years of active board and observer commitments to roll off of and far more time before all the founders I’ve backed hit (or miss, I suppose) their ultimate goal of returning lots of money to their investors. No more founder pitch meetings. It has been a career that fits my personality well.
Déborah, a 2022 YLAI Fellow , is the founder and director of CAPAZ Perú , which develops cultural, educational and social projects for people with disabilities through art programs such as theater and dance. Her fibromyalgia diagnosis after university gave her even more drive to launch CAPAZ in 2018.
Adam Dakin , Managing Director of Dreamit Healthtech, sees founders make the same common pitch mistakes over and over. Luckily, he’s a pro when it comes to pitching investors and distills the advice so it’s easy to avoid. Perhaps worse, Adam points out that unfounded superlatives point to a lack of self-awareness in founders.
So I asked a few founders that I've worked with and they mentioned a word that struck me--because I've never heard any of the hordes of people in my inbox asking for internships, VC job recommendations and advice, etc. mention about themselves. Generosity.
14 Leadership Lessons From Successful Startup Founders To gain a deeper understanding of effective leadership, we asked startup founders and CEOs to share the most valuable lessons they’ve learned from successful entrepreneurs. This was great advice received from the CEO of a multi-million-dollar start-up.
Equally silly were people insisting that founders use convertible notes but we funded a few of those, too. Whom you take advice from really matters. But my advice to entrepreneurs – stop sweating the silly optics. It’s more likely a negative signal to VCs than a positive one. Startup Lessons'
Guest Post: Justin McLoughlin is the Founder of airCFO. Under no circumstances should any of the below content be construed as legal, tax or investment advice from 500 Startups or any of its affiliates. The early days of any company are all about resource management. Life as a startup is perilous.
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