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Photo by Matthew Osborn on Unsplash As founder of six startups, advisor to founders, and a startup strategist at IMD ( #1 ranked business school ), I see many mistakes being made and have made many myself. What drives me crazy is that the same mistakes happen again and again. So here is my scary list of the most impactful mistakes founders make: Mistake 1: Scaling Early (Means Failing Early) The top three reasons why 90% of startups fail are “no money,” “no market need,” and “too strong competi
Contributed by Kym Huynh, an EO Melbourne member, EO Global Communications Committee member, and co-founder of WeTeachMe. Kym is fascinated by entrepreneurs and their journeys, so he asked EO members from various chapters to share their experiences. Read his earlier posts on what EO members wish non-entrepreneurs knew about entrepreneurs, how EO members define success , the impact of core values , lessons learned from their best and worst partnerships and the best advice they’ve ever received.
This article originally appeared in Harvard Business Review on October 3, 2022. Hill Street Studios/Getty Images There was never a guarantee that Detroit would become the Motor City. At the turn of the 20th century, any number of American municipalities with similar access to talent, materials, investment, and transportation might have emerged as the beating heart of the automobile industry.
There’s much potential for Orlando to be what Austin is to Texas, what Atlanta is to Georgia — a booming hub where startups flock from around the world to dream, innovate and grow. The numbers are already showing potential: New PitchBook data found that in the first half of this year, a little more than $360 million was invested in the Orlando-Kissimmee metro area, way more than the $144 million invested in H1 last year.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Many years ago I joined the board of a company after my angel group became the lead investor in the company’s seed financing round. As part of my compensation for being a board member, the company issued me restricted stock. Since I was new to the early stage investing world, I didn’t understand what the tax implications were with restricted stock. It’s unfortunate that I didn’t get good tax planning advice at the time, because if I had, it would have saved me a significant amount on my tax bill
Learn how to teach students to incorporate green materials into their inventions with exercises from the Tools for Design and Sustainability. The post Inspiring Sustainable Design: Green Materials—How To Build Better appeared first on VentureWell.
Learn how to teach students to incorporate green materials into their inventions with exercises from the Tools for Design and Sustainability. The post Inspiring Sustainable Design: Green Materials—How To Build Better appeared first on VentureWell.
A central tenet of the Lean Startup is “pivot, persevere, or perish.” On June 1st, after five years of perseverance and pivoting, my partners and I wound down Launch413. With six months now past, it feels right to share what we’ve learned. For those unfamiliar with it, Launch413 was a Post Accelerator that helped startup CEOs scale for sustained success by providing coaches with deep domain expertise.
The EO Global Student Entrepreneur Awards (GSEA) is the premier global competition for students who own and operate a business. Nominees compete against their peers from around the world in a series of local and national competitions in hopes to qualify for the GSEA Global Finals. GSEA delivers on its vision to empower student entrepreneurs to become the world’s most influential change makers by supporting student entrepreneurs who require much-needed mentorship, recognition and connections to t
We've come a long way since the introduction of the first veggie burger in the early 1980s. Today, innovation has spurred a plethora of meat alternatives, but consumer skepticism and startup economics are still barriers to parity with real animal protein. But I believe we are on the precipice of a major shift. Millennials and younger generations are acutely aware of the consequences of global warming (and how cattle contribute to methane emissions) and they are using their purchasing power t
For the average individual living in Lagos — Nigeria’s most populous city, with over 20 million people — apartment hunting is an extreme sport. Not only is rent expensive — low- to middle-income housing can cost between $1,000 and $5,000 yearly — but renters must also pay a year in advance, sometimes even two before moving in.
Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
This profile is the eighth in a series of interviews highlighting the work of interesting female investors. Alicia Castillo Holley is an active angel investor in Silicon Valley and the Founder and CEO of The Wealthing VC Club, a boutique investment group of accredited investors that fills rounds led by VCs.
In my previous post, “ a daily run ” — (please read it first ) — running was a metaphor for whatever actions you take in your life. The story is about how we choose beliefs because they’re useful, not true. Beliefs make emotions. Emotions make actions. Actions come from emotions. Emotions come from beliefs. So choose whatever belief makes you take the action you want.
Over the last few years, we have learned first-hand the many benefits of working remotely. But there are downsides as well: Namely, the way we communicate between departments and teams in remote and hybrid environments has built bigger silos. In an office, the opportunity for collaborative communication is far greater. With everyone working in the same place, there are more chances for employees to interact organically and communicate with coworkers outside of their teams.
Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.
This September, the metro area convened for DC Startup Week — a five-day, 180+program occasion hosting more than 11,000 entrepreneurs. The event showcased just how robust DC’s tech community has grown — but that wasn’t always the case. Just ask our Chairman and CEO, Steve Case, who built AOL in Northern Virginia in the 1990s. Over the next few decades, the company served as a tech engine throughout the region.
French startup Homa has raised a $100 million Series B funding round. Quadrille Capital and Headline are leading the round. Homa partners with indie mobile game studios so that their games are perfectly optimized to become a hit game on the App Store and Google Play. In other words, Homa builds tools that help third-party developers build games. The reason for that is that it has become incredibly challenging to stand out when you build a hypercasual, casual or board game with a small dev team.
This profile is the eighth in a series of interviews highlighting the work of interesting fund investors. Ashim Egunjobi is the Managing Partner of Octerra Capital, a venture capital fund with a mission to transform Africa by investing in visionaries that are challenging the status-quo and helping to build the Africa of tomorrow.
Mighty Financial specializes in supporting the financial aspirations of small businesses and entrepreneurs. With our comprehensive bookkeeping and precise accounting expertise with decades of experience across diverse financial roles, our team offers tailor-made services ranging from essential bookkeeping to strategic fractional CFO support, catered specifically to the unique challenges of technology companies, startups, and SMEs.
Kids scream, “Monster in the hallway!”, and hide behind the couch. They stack up cushions for protection, and plan their defense. They know it’s not true — there’s not really a monster in the hallway — but it’s exciting to feel the adrenaline of panic, then make a shelter and feel safe. One kid yells, “The floor is hot lava!” The familiar room transforms into islands among danger.
Contributed to EO by Peta Strachan, Operations Manager at Free 3D Hands , a mission-based charity in Australia that designs and 3D-prints prosthetic hands and assistive devices for free. Earlier this year, EO members from all around Australia attended EO Ignite – Reignite Your Passion, a regional event at stunning Hamilton Island, located in the heart of the Great Barrier Reef.
Welcome to the third edition of Learnings of a CEO. You can read previous editions here. Pave helps companies plan, communicate, and benchmark employee compensation. Today, the company has 160 employees, more than 3,500 customers, and is valued at $1.6B. Founder and CEO Matt Schulman has created one of the most comprehensive and thorough recruiting processes, which has made him one of the most successful recruiters in the YC community.
Opeyemi Awoyemi , one of Nigeria’s well-known serial founders, is back with another outfit. It’s not a tech company this time — Awoyemi co-founded online jobs site Jobberman (which was acquired by ROAM Africa in 2016) and Whogohost, a bootstrapped hosting platform — but instead, a venture studio: Fast Forward Venture Studio. Awoyemi choosing this route is quite interesting, especially as many African founders either launch syndicates or venture capital funds post- or duri
Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.
A common mistake that many companies make is using a “one-size-fits-all” approach to its marketing efforts. Said another way, the company comes up with one marketing strategy, uses mass marketing techniques and the same messaging to everyone that sees its advertising. Yes, that is a simple approach, and saves you time and efforts required to customize your messaging to specific sub-audiences.
Building a business or startup is hard and risky. You have to be dedicated, and motivated a reduce your chances of failure. Im Vlad Kozul and I have build Europes first ondemand fuel company. In this article, I want to give you some of the learnings and lessons for you to make your side hustle and business successful. Check out what we had build here: Lessons learned from Building Europe’s first OnDemand fuel station from its COO Before Shell tap-up and Cafu and others, we built Euro
Yesterday, Office Hours hosted Carilu Dietrich, marketer at Atlassian & advisor to many iconic product-led growth companies (PLG). She’s seen many different types of businesses from startups to massive publicly traded software companies. Her unique vantage point on the tension facing the companies pursuing both PLG & classic selling formed the basis of most of our conversation.
Is seeing the world-famous Southern Lights phenomenon on your bucket list? The Aurora Australis—also called the Southern Lights—is the southern cousin of the Northern Lights. To witness this breathtaking spectacle, you would need to go as far south as Tasmania—but even then, the chance of seeing the Southern Lights is spotty at best, with only a 1-2% chance on any given night.
CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.
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