Is the mission statement dead?
The We Company (WeWork) mission is "To elevate the world's consciousness" . . . perhaps that's 'peak mission statement', it's very treacle-y
This is a great article about how to rethink the mission statement
https://t.co/egRgBtUH6i
0) The #1 question I get from founders:
"What's a typical valuation & round size at pre-seed in the Nordics?"
Poor understanding of this has 100% contributed to shitty cap tables.
So, here's what I'm seeing, hope it's useful for founders & investors alike!
#cphftw#sthlmtech
"Black women and women of color, we need fewer friends and fewer mentors; we need more checks,” says venture capitalist Arlan Hamilton. https://t.co/OFmi4LMhxT
New on @Forbes and @ForbesEurope
A Florida city has just paid out a $600,000 ransom payment. Wowsers.
Thanks to @phat_hobbit and @paperghost for great comments
https://t.co/Mj4YTE2p2x
1/ Today @slackhq went public. Many people of color, including myself earned some financial breathing room. I want to acknowledge the hard work they did to put themselves in this position. However I feel very empty after $WORK #SlackIPO#Slack
Founders, if the problem is obvious you’ll encounter a ton of competition and a graveyard of past failures.
Obvious problems require non-obvious answers.
Hi #SaaStrEuropa19 folks, any SaaS founders here with these characteristics:
- €10-50k MRR
- Adding €4-5k of net new MRR per month in the last 3 months
- Not-too-crowded space
Would love to meet. :)
PS: This is just one of several ‘segments’ @PointNineCap is interested in.
1/ In the PRESENT + FUTURE we take for granted the PAST
-in science: we stand on the shoulders of giants
-in citizenship: born into a country of hard-fought wars + laws
-in family: sacrifices of our ancestors
-in sports: records set + inspiration of past greats
Debate
A friend of mine wants to start a company.
Do you advise:
1. Start now. Take the risk in your 20’s before you start a family.
2. Take risk in your 30’s. Learn in corporate jobs first with some assets behind you
She is very good and 22.
Thanks
Asked today what advice I’d give myself starting again:
1.) Work f******* hard. You can out work your competition.
2.) Don’t attach happiness to future outcomes. It = excitement not happiness.
3.) Make friends not connections. Give first, be vulnerable. This s*** is hard. 👍
1/ Categorizing startups by $ amount raised/raising is misleading to both founders and investors.
You could have raised $millions and still in pre-seed stage or with few $100K you can achieve product market fit.@pearvc
The amount of free information online today, even for startup knowledge, is incredible.
Just to start a list:
YouTube
Khan Academy
MIT Open Courseware
First Round Review
Hacker News
Quora
Harrison Metal General Mgmt
All open online, all free.
*not counting web access costs*
Do any VC firms offer a psychologist/therapist on staff as part of their platform that founders can talk to privately? Seems like that would be a hugely value-add offering for both founders and the investors.
Interviewing 900+ CEOs @twentyminutevc:
The good CEOs appreciate and are able to hire themselves out of their role every 3-6 months.
However, the great CEOs realise this means they must be master capital allocators:
Recruiting.
Expansion into new markets.
Vendor spend. 👍
One thing should be clear after a dozen great companies IPO this year:
Silicon Valley — and the finance of innovation also known as venture capital — is alive and well in 2019.
The model works.