Pannam Kojaki

[Filip Szturo 🐺 @szturo_f]

Strive for fulfillment not happiness.

Pursuit of happiness is the biggest lie in the world. This is only a feeling, a chemical reaction in your body which can be disastrous.

If you want to stay mentally healthy, strive for long lasting feeling of fulfillment.

Be_Fulfilled

[Filip Szturo 🐺 @szturo_f]

Don't know if your startup idea makes any sense?

Just launch an MVP (Minimum Viable Product) and talk with users!

Here are some steps to follow when launching an MVP:

[MATT GRAY @matt_gray_]

"If you're going through hell, keep going."

[Filip Szturo 🐺 @szturo_f]

Looking for venture capital funding?

Here are some tips to help increase your chances:

1. Have a strong team with relevant experience and a track record of success.

2. Have a solid business plan and financial projections.

[Filip Szturo 🐺 @szturo_f]

Is my startup growing? Am I doing any progress? Is there really any demand for my product/service?

These are questions that a lot of first-time entrepreneurs ask themselves.

Here you can find what you should do to avoid confusion and keep the track of how your company is doing:

[Filip Szturo 🐺 @szturo_f]

When assessing a startup potential, keep in mind this two crucial questions:

What this company could be?

What’s the biggest upside case?

[Filip Szturo 🐺 @szturo_f]

Startup = solving a problem

As a startup founder, your goal is to solve some kind of problem.

The ideal problem is:
Popular: at least 1 million people are experiencing it
Growing: 20% per year
Urgent and expensive to solve
Law/technology enables solving it

And most important:

[Filip Szturo 🐺 @szturo_f]

Startup idea = hypothesis

Simply put, startup ideas are hypotheses about growth. You have to know how big your company can be if everything will go right.

Just like a research hypothesis, a startup idea has to be tested.

To assess growth potential you have to ask yourself:

[Filip Szturo 🐺 @szturo_f]

"By learning from the mistakes of other entrepreneurs, you can avoid making their mistakes and make your own new ones instead!"
@bussgang

[Filip Szturo 🐺 @szturo_f]

"By learning from the mistakes of other entrepreneurs, you can avoid making their mistakes and make your own new ones instead!"
@bussgang

As a startup founder, it's critical to combine solid fundamentals with the experience of successful entrepreneurs.

Here are 6 great sources:

[Filip Szturo 🐺 @szturo_f]

New things are coming!

Keep your eyes open and with time you'll see what I'm talking about.

For now, I can tell you that big changes are coming not only to this account ���

I'm excited about how things will resolve.

Only time will tell

[Filip Szturo 🐺 @szturo_f]

As a VC, if you want to maximize your profits.

Let's say that the market you chose turns out to be very successful. This attracts new investors and increases the valuations. To maximize your profit potential you should stay in the market and adapt to it!

[Filip Szturo 🐺 @szturo_f]

A hack to learn more about a VC before the pitch/meeting/interview:

Look at their 'liked' tweets and followed accounts.

By doing so you will get an insight into their current focus areas and beliefs without them explicitly saying them.

[Filip Szturo 🐺 @szturo_f]

As a VC you almost never invest in a profitable company!

The truth is that most companies you invest in never become profitable.

Even if the company start to make profits, this usually happens in further financing rounds, often after IPO.

Keep that in mind!

[Filip Szturo 🐺 @szturo_f]

You're analyzing a startup. The idea is excellent, the team is great, and the product-market fit is perfect.

No-brainer decision right?

The answer is NO.

[Filip Szturo 🐺 @szturo_f]

That's certain, we're heading into a recession.

As most people struggle during this time, Smart VC investors use this period as an opportunity to invest in valuable companies.

But should VC funds invest equally during the market cycle?

[Filip Szturo 🐺 @szturo_f]

Do you have a feeling that you don’t support your portfolio’s best company enough?

You should learn to allocate your time efficiently:

Investors usually find themselves putting the most effort into the worst performers of their portfolios. It's not beneficial for the fund!

[Filip Szturo 🐺 @szturo_f]

1000x return on a startup? - use this framework to assess the company’s upside potential.

You have to ask yourself these two crucially important questions:

[Filip Szturo 🐺 @szturo_f]

"Cryptocurrencies will revolutionize the world" but how?

Simply put, they enable people to put their money where their mouth is → decide what causes they want to support e.g.: their favourite artist, significant research, environmental causes etc.

[Filip Szturo 🐺 @szturo_f]

20VC Value and Lessons #2 - Keith Rabois @rabois

Want to know what questions Keith asks himself when he evaluates a company's potential, how he asses the future of the market, and what to do when you lose the faith in the founder?

Read this short summary: