Hypergrowth. Massive expansion. Super scaling... I'm a bit sick of this mindset. How about stability, solid MRR, reliable customers or perhaps net profit instead? Young companies often see exponential growth as their main goal. "It's the only way to win" a young founder told me at a recent demo day I attended. "What about profitability?" … Continue reading Diesel vs. Rocket fuel for businesses
It was the fourth month in a row that we missed our sales target. "How could this be?" we all asked ourselves in the monthly sales meeting time and again. We had very senior sales staff and the engineers were some of the best in the business. Additionally, our clients were all prepared to buy … Continue reading Why internal communication trumps everything (even product)
Let's be very clear, it's almost impossible to reach core team perfection at the Seed and Series A stage, but you wouldn’t be reading this unless you liked almost-impossible goals… The core team in perfect alignment is a thing of beauty. Three well balanced individuals who support each other creating a gapless barrier to take … Continue reading Crafting your core team
Growing a company has so many daily struggles, it’s important to not only have the right structure which allows growth to be possible, but also to have the right mindset. Speaking with a mentor or someone with Startup experience is always a major help when identifying and later focusing on attributes to help keep … Continue reading Adjusting your mindset
Unfortunately, this has taken way too long to finish due to the extensive detail (thanks Ray), but here you: Principles by Ray Dalio This book is a must for anyone – founder or employee. While Ray goes to the extreme on almost all of the topics he covers, the two main ideas which I took … Continue reading A reading list which explains everything…
This morning I had a great call with a founder. Let's call him Mark. He told me about his Robot Startup which I am extremely excited about working with in the future. Autonomous Robots delivering consumer products. Massive potential. His current challenge - sales. Mark explained more about how he is building the sales team: … Continue reading How to build the wrong team.
Yesterday I had a great call with a young founder. It took about 10 minutes for me to understand his challenge and how I can help him (please prepare ahead of time), but when I did, it was quite easy. He wanted to know how to scale. The business plan was great, I loved his … Continue reading Focus on the Core
"I know exactly what my customers want” is a red-flag statement I hear from founders. Normally this is when I surprise them by slamming my hand on the table to get their undivided attention. BAMMM! “No, you actually have no idea what your customer wants”, is my reply. While this is a clear overstatement, I … Continue reading You have no idea what your customers want…
Think about all the things you have to do in life at the moment. If you don’t have a list, shame on you (using your mothers voice) – start managing and prioritizing everything. If I sat down with you and we looked at everything you wanted to achieve over the next 6 months, it would … Continue reading Focus vs White Noise
We live in a hyper-growth world. Constantly sprinting from one meeting to another. Multitasking in between. Scaling. Pushing. Adjusting. Pivoting. All as quick as possible. Sounds great right? As we should all be constantly learning, the question remains: how are we supposed to be developing skills or a new talent at break neck speeds? We … Continue reading Go slow to move fast.