๐ Helping experienced professionals launch startups without leaving their job. Talks about startups, innovation, investing, and doing what you love.
Singapore, Stockholm, & London
Joined June 2010
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At least two of my business partners, past and present, are self-made multi-millionaires. I've also invested in and worked with dozens of hugely wealthy, successful people. Here are 42 pieces of advice for my children that I've learned along the way.๐งต
Is there one factor that influences a founder's success above all else? Maybe it's this:
๐ ๐ญ๐ช๐ง๐ฆ ๐ฑ๐ข๐ณ๐ต๐ฏ๐ฆ๐ณ ๐ธ๐ฉ๐ฐ'๐ด ๐ธ๐ช๐ญ๐ญ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ฃ๐ข๐ค๐ฌ ๐บ๐ฐ๐ถ - ๐ฑ๐ณ๐ฐ๐ฃ๐ข๐ฃ๐ญ๐บ ๐ง๐ฐ๐ณ ๐ข ๐ฅ๐ฆ๐ค๐ข๐ฅ๐ฆ - ๐ต๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐ฃ๐ฐ๐ต๐ฉ ๐ต๐ฉ๐ช๐ค๐ฌ ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ช๐ฏ.
#flowers #Thanks
Think about tracking 3 categories of KPI:
#1. ๐๐ซ๐จ๐ฐ๐ญ๐ก: in which direction are total customer no's and revenue tracking?
#2. ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ง๐ ๐ซ๐๐ญ๐๐ง๐ญ๐ข๐จ๐ง: how is each customer performing?
#3. ๐๐๐๐ข๐๐ข๐๐ง๐๐ฒ: are you reducing the cost of your growth?
According to the founder of Match, the best VCs may be looking for these 8 startup traits. Have you considered them?
#startups #howtoraisemoney #seriesA
VCs are great for people building world-changing companies, but what about people building successful SMEs? That's what we're focusing on at DQventures.
#funding #venturecapital #SME
Since 2005,ย @ycombinator has invested inย over 4,000ย companies that have a combined valuation of over $600B.
Here's what they consider their most important, most transformative advice for startups...
16. Startups can only solve one problem well at any given time
17. Founder relationships matter more than you think
18. Sometimes you need to fire your customers (they might be killing you)
19. Ignore your competitors, you will more likely die of suicide than murder
Some of my favourite insight on building a moat came from Jake Saper from Emergence Capital (I'm paraphrasing):
03. ๐๐ก๐ ๐๐๐ฌ๐ญ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ฒ for obtaining proprietary data is to have a lot of people using your product. Pick a pricing strategy that encourages usage, like value-based pricing as opposed to charging per seat, which can actually deter usage.
"๐๐ต'๐ด ๐ด๐ฐ ๐ถ๐ฏ๐ง๐ข๐ช๐ณ. ๐๐ฐ๐ธ ๐ค๐ข๐ฏ ๐ต๐ฉ๐ฆ๐ด๐ฆ ๐จ๐ถ๐บ๐ด ๐ณ๐ข๐ช๐ด๐ฆ $100๐ฎ ๐ธ๐ช๐ต๐ฉ ๐ฏ๐ฐ๐ต๐ฉ๐ช๐ฏ๐จ ๐ฎ๐ฐ๐ณ๐ฆ ๐ต๐ฉ๐ข๐ฏ ๐ข ๐ฅ๐ฆ๐ค๐ฌ, ๐ธ๐ฉ๐ฆ๐ฏ ๐ฑ๐ณ๐ฐ๐ง๐ช๐ต๐ข๐ฃ๐ญ๐ฆ ๐ค๐ฐ๐ฎ๐ฑ๐ข๐ฏ๐ช๐ฆ๐ด ๐ญ๐ช๐ฌ๐ฆ ๐ฐ๐ถ๐ณ๐ด ๐ค๐ข๐ฏ'๐ต ๐ฆ๐ท๐ฆ๐ฏ ๐จ๐ฆ๐ต ๐๐๐ด ๐ต๐ฐ ๐๐๐๐ ๐ถ๐ด?!"
There's a great quote that's goes something like this:
"VC is 99% telling people no, and 1% begging founders to let you invest."