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This is part of my startup advice series. It’s still important advice for startupfounders and something that I’m passionate about. This post isn’t going to be popular. I’m sure of that. That’s OK. And I care more about the debate than trying to be popular. I never hire job hoppers.
My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. Very few founder CEOs go into the job ever expecting to give up their seat. It’s your baby. So give up the CEO role?
A while back, I published an article on “ Startup Due Diligence Is Not a Mysterious Black Art ,” describing what investors do to validate your startup before they invest. I’ve had startupfounders tell me that it’s only about the color of the money, but I disagree – particularly if you are desperate.
Source: DocSend At DocSend , we spend a lot of time analyzing the data behind what it takes for startupfounders to market their ideas, land meetings with VCs, and in turn source and close deals?—?from The graph above shows a definite point of diminishing returns when contacting LPs, somewhere around 60–70.
It took years before my startup Anchor began to gain real traction. Most founders I speak to agree that the startup journey is generally discouraging, overrun with unsolvable challenges and many many mistakes. He was at a low point: overwhelmed, sleep deprived, stressed… I listened, nodded, and said, “I remember those days.”
Photo from Pixabay Tell me if this sounds familiar, as a startupfounder, you are constantly juggling many hats: marketing guru, product owner, growth hacker, sales master, accountant, and the list goes on. Common Data Pain Points Below are the top five data pains experienced by many startupfounders.
This is when your job function truly starts to match the definition of “leader” because that’s exactly what your role is. If you hire truly talented people you end up definitionally with a lot of competitive peers who will inevitably jockey for resources and control. How hard could it be? You set direction.
If you’re looking for your next job, visit YC’s Work at a Startup to find engineering roles at over 500 funded YC startups. At a startup, you get to contribute to just about everything. James and Andrew [the co-founders of Firebase] really treated me like a peer. It’s really endearing.
18:15 – When did Vidit and his cofounder know they wanted to start a startup? 20:45 – Their first startup idea and the inspiration for Meesho. 39:40 – What’s a strong opinion he had about running a startup that he’s changed since running Meesho? Vidit is co-founder and CEO of Meesho.
Also, we actively donate to volunteering organizations and buy necessary stuff for our peers who decided to join the armed forces. Also, we actively donate to volunteering organizations and buy necessary stuff for our peers who decided to join the armed forces. What happens next? Now everyone knows where is Ukraine. The war will end.
Raising money is hard. And when you’re relatively new to the process it’s easy to be confused by the process. There is all sorts of advice on the Internet about how to raise capital. Of course much of it is conflicting. And of course I’ve sat on the other side of the table: As a VC. Partners make investment decisions. Why buy me?
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