James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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In the spirit of building in public, here are some highlights from our most recent investor update:๐๐๐๐๐๐๐๐๐๐01. DQ Ventures is now up to 11 ventures,7 of which are live, 6 revenue-generating, 2 ~profitable, and 6 have raised some kind of external funding. 02. Feedback from our founders is proving extremely useful. We intend to make NPS one of our core metrics. Does anyone know a VC fund that does this? Seems like a no-brainer?03. We're now 4. We hired a fourth musketeer in the form of Leanne Beesley, who's amazing. If you haven't read Leanne's story, check it out. I'll share a link below.04. Approximately half of our "founder programme" is now live on our proprietary founder portal. We might license this, or just make it public for any budding founders to use free-of-charge. ๐๐ ๐ฎ๐ฆ ๐ช๐ง ๐บ๐ฐ๐ถ'๐ฅ ๐ถ๐ด๐ฆ ๐ต๐ฉ๐ช๐ด ๐ฐ๐ณ ๐ธ๐ข๐ฏ๐ต ๐ต๐ฐ ๐ฌ๐ฏ๐ฐ๐ธ ๐ช๐ง/๐ธ๐ฉ๐ฆ๐ฏ ๐ช๐ต ๐ญ๐ข๐ถ๐ฏ๐ค๐ฉ๐ฆ๐ด.05. We now receive inbound enquiries from wannabe founders most days. By halfway through the week we'd received six solid founder applications. We also received our 7th request from someone interested in establishing DQventures in a new market. We'll look harder at this in the months to come.06. 100% of our leads are inbound (which is why I bombard LinkedIn with so many posts!). When we started DQ in late 2020 we received no inbound leads whatsoever. Now we receive more than 30 leads every month.07. An unexpected bi-product of this public posting is interest from investors. Last week we received two more enquiries from investors we'd never spoken with before.08. DQ portfolio company Dealer Doc Com Ltd smashed their investment target of ยฃ200K in the UK, eventually raising ยฃ324K. Congrats to Rich and the team! 09. Our tame recruitment company, WeNetwork,continues to expand organically, and now helps fast-growing companies reach hard-to-find talent in Singapore, Indonesia, Australia, Vietnam and Malaysia, with more markets opening soon. Watch this space.10. Blue Mongoose, our 10th portfolio company and official tech partner, is doing some amazing work across the DQ portfolio. As well as helping entrepreneurs launch minimum viable products (MVPs), Toby and team also work with established companies, helping them experiment with new features and functionality before investing in-house resources on large scale software projects or integrations. Happy to make intro's!๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐Check out the link in the comments if any of the following sound interesting:>> Why James told his mum to buy gold.>> Despite inflation seemingly stabilising, here are 3 reasons why it may not be time to celebrate.>> How to validate your assumptions with experiments.>> How to price SaaS.>> How to build a moat in the age of AI.& much more. If you have time to dig deeper, there's some real gold to be found among the links (literally and figuratively!). Hope it's useful.#investorupdate #shareholderupdate #buildinginpublic
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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Interesting, thanks Petko. The main goal here (right now at least) is to understand how satisfied our portco founders are with us (I.e. DQventures). Any advice on how best to go about that?
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
11mo
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All the links are available here: https://www.dqventures.com/update-july-2023/
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Mak Murphy
๐ผ Tech Consultant at Systango | Crafting Compelling Tech Stories for Digital Success ๐๏ธ
11mo
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And James Green, just a curious question, in your 6. pointer, do you really get 30 leads through your social media posts on LinkedIn?
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Gilles Toussaint
VP of Growth - Hyper-growing the worldโs most impactful rewilding company, Planet Wild. Sharing my challenges & Playbook along the way. Inspiring innovation through nature posts ๐ณ๐ PhD in Chemistry.
11mo
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Great job! Ps: fantastic to put a number of the power of LinkedIn. So all your inbound lead are only coming from here?
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John Radford
SME Transformation Specialist | AI Consulting | Scalable Software Development
11mo
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Great work James. Thanks for sharing
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Mak Murphy
๐ผ Tech Consultant at Systango | Crafting Compelling Tech Stories for Digital Success ๐๏ธ
11mo
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Quite details there James Green. Looking for a blog link on 'How to build a moat in the age of AI'!
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Rob Bryson
Co-Founder at WeNetwork, a pan Asian recruitment company startup with offices in in Singapore, Jakarta, Ho Chi Minh, Tokyo and Sydney helping connect companies and talent.
11mo
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Onwards and upwards James!
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Petko Petkov
Top Voice, FoodTech Innovator, Founder Scaling Globally World's Largest Chef Platform CHEFIN! Nothing short of extraordinary!
11mo
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Hey James, NPS wonโt give you much useful info, your company portfolio is too small for comperable data over time. To produce a measurable metric youโd need to look at a few different scenarios more related to the companies themselves: Overlayed portfolio NPS / CSAT (eg. Whatโs the recommendation/satisfaction score from the companiesโ clients) - this will show you how well the company is performing before and after your involvementComparison of portfolio NPS vs. average NPS for companies outside portfolio Employee satisfaction / NPS for portfolio companies (similar story to above)
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INSIDE
11mo
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It's interesting to see DQ Ventures' focus on using NPS as a core metric and their intention to make their founder program available free-of-charge. By prioritizing customer feedback and making resources available to budding founders, you all are demonstrating your commitment to supporting the startup ecosystem. So kudos!
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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I need to eat humble pie. I advised how (not) to value your startup when raising money, and a chap called Dan Gray set me straight.I can't put it much better than Dan's own words, so here they are:โขโ๐ฉ๐๐ ๐ฎ๐ฟ๐ฒ ๐ป๐ผ๐ ๐ฒ๐ ๐ฝ๐ฒ๐ฟ๐๐ ๐ฎ๐ ๐๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป.Recent history shows that the majority are very bad at it. What they do is ๐ฅ๐ฆ๐ข๐ญ ๐ฑ๐ณ๐ช๐ค๐ช๐ฏ๐จ, primarily on a market basis, which does not require understanding the specifics of the company in question. Founders should be informed and prepared with a target for terms, and shouldn't be afraid to share that target with investors. As well as being practical and sensible, it's also a sign of someone who understands the venture process and how they are positioned. Of course, founders should also understand that VCs do bring that market perspective - and are comparing this against other deals - so the end result will usually be a compromise between the two.The final price that is agreed for a fundraising transaction should include valuation as a key factor (along with market and fund math). Founders are best positioned to look at valuation because they know the company well, and VCs are best positioned for the rest. Dancing around the issue with huge ranges and dilution targets just makes it sound like you're being coy, or don't really have a plan.โขโIn other words, as usual, do the work. ...๐ข๐ฅ... don't use a valuation at all. Wait... what?! I'll share our new approach to raising early-stage capital in the next few days. Watch this space...Good luck with the raise.#fundraising #raisingmoney #startupsP.S. I'll tag Dan in the comments so you can give him a follow, or check out his company, Equidam.
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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No, it's not just you. It's VERY hard to raise capital at the moment. I've been raising money for pre- and only-just-post-revenue startups since 2012 (around $30m raised in total). Here are 5 important lessons I've learned.โขโ01. Unless you're a true tech business (not tech-enabled) and growing by >15% month-on-month, forget VCs. Don't waste your time (or theirs).02. That includes you, venture studios. We raised money from a VC, but that's only because we have a deep, long-standing relationship with the GP ๐ฎ๐ป๐ฑ he's not afraid to pick atypical deals that other VCs shun (he invested in ๐๐ป๐๐น๐ฒ๐ฟ's first round, for example).03. Cold emails won't work either. They may create interesting connections, but it's virtually impossible to convert those into funding. (We've sent thousands of very personalised mails in the last year. You could count the conversations on one hand, and they resulted in $zero raised.)04. Ignore people who put "angel investor" on their LinkedIn profile. By and large, this is a lead-gen tacti, used by people who want to help you fundraise. They want to take your money, not give you theirs.05. Early-stage funding is all about one single factor: ๐๐ฟ๐๐๐. Without trust, you almost definitely won't raise money. But you can't manufacture trust either. You can only look for opportunities where it already exists.Here's where we've had most success:06. Present at ๐ฝ๐ถ๐๐ฐ๐ต๐ถ๐ป๐ด ๐ฒ๐๐ฒ๐ป๐๐. The investors who attend such events are there (usually) because they ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐ฉ๐ข๐ท๐ฆ ๐ฎ๐ฐ๐ฏ๐ฆ๐บ ๐ต๐ฐ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต (although this varies between events). Crucially, there's already a degree of trust implied when you stand on stage to pitch. Investors know you had to pass the event's screening process, which automatically increases your credibility.07. Ask for ๐๐ฎ๐ฟ๐บ ๐ถ๐ป๐๐ฟ๐ผ๐ at every opportunity. I do this myself. Right now, I am proactively arranging calls with founders I've met. They may be people I've invested in personally, or those I've met over the years. I ask them for feedback on my deck and my pitch, and make it clear I'm not expecting them to invest. ๐๐ฐ๐ด๐ต ๐ช๐ฎ๐ฑ๐ฐ๐ณ๐ต๐ข๐ฏ๐ต๐ญ๐บ, ๐ฐ๐ฏ๐ค๐ฆ ๐ต๐ฉ๐ฆ๐บ'๐ท๐ฆ ๐จ๐ช๐ท๐ฆ๐ฏ ๐ง๐ฆ๐ฆ๐ฅ๐ฃ๐ข๐ค๐ฌ, ๐ ๐ข๐ด๐ฌ ๐ช๐ง ๐ต๐ฉ๐ฆ๐บ ๐ฌ๐ฏ๐ฐ๐ธ ๐ข๐ฏ๐บ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต๐ฐ๐ณ๐ด ๐ธ๐ฉ๐ฐ ๐ฎ๐ช๐จ๐ฉ๐ต ๐ฃ๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฆ๐ด๐ต๐ฆ๐ฅ. ๐๐ฉ๐ฆ๐ฏ ๐ต๐ฉ๐ฆ๐บ ๐ต๐ฉ๐ช๐ฏ๐ฌ ๐ฐ๐ง ๐ด๐ฐ๐ฎ๐ฆ๐ฐ๐ฏ๐ฆ (๐ธ๐ฉ๐ช๐ค๐ฉ ๐ช๐ฏ๐ท๐ข๐ณ๐ช๐ข๐ฃ๐ญ๐บ ๐ต๐ฉ๐ฆ๐บ ๐ฅ๐ฐ), ๐ ๐ข๐ด๐ฌ for ๐ข๐ฏ ๐ช๐ฏ๐ต๐ณ๐ฐ. Does it work?Yes. I'm not saying it's easy, but here are 2 real examples:โI recently met 6 new investors after pitching at an event in London.โ I just had verbal commitment for another $100K angel investment after a single, 25-minute call, resulting from an intro from a founder I know.#raisingmoney #startups
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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Who says you're too late in life to launch a startup?More experienced (i.e. older) people make better founders. Fact. But older people don't start companies because they have more responsibilities, dependents, high salaries and high costs.DQventures is here for those people.We've raised money from family offices and HNWIs so that we can:โ Invest $50K-worth of time and resources into 30 more portfolio companies (we've started 18 since Covid).โ Build your venture from idea to "minimum viable business" in the next 6-to-12 months, while you stay employed ๐ข๐ฏ๐ฅ ๐ค๐ฐ๐ฏ๐ต๐ช๐ฏ๐ถ๐ฆ ๐ต๐ฐ ๐ฆ๐ข๐ณ๐ฏ ๐บ๐ฐ๐ถ๐ณ ๐ด๐ข๐ญ๐ข๐ณ๐บ.โ Help you get your first paying customers, revenue and/or external funding.โ Help you ๐ฒ๐ถ๐๐ต๐ฒ๐ฟ prove that the idea won't work, ๐ผ๐ฟ make the transition from employee to full-time founder, CEO, and 80% shareholder of your own company.โ Support youโas co-founders, advisors and business partnersโfor the rest of your business journey. โขโIf this sounds like you, drop me a connection request ๐ธ๐ช๐ต๐ฉ ๐ข ๐ฎ๐ฆ๐ด๐ด๐ข๐จ๐ฆ and I'll get back to you directly. (N.B. I tend to ignore connection requests without a message.)If you know someone who has a great startup idea, tag them below.If you're just curious, sign up to our quarterly updates (you can subscribe at the bottom of any of our blog posts).Help spread the world and unlock a brand new category of experienced-professionals-turned-startup-founders. Thank you!โขโ#startups #experience #startupideas
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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What if there was a way for founders to raise money from investors ๐๐ถ๐๐ต ๐ป๐ผ ๐ป๐ฒ๐ฒ๐ฑ ๐๐ผ ๐ฑ๐ฒ๐ฏ๐ฎ๐๐ฒ ๐๐ฎ๐น๐๐ฎ๐๐ถ๐ผ๐ป?Impossible, no?Well, we think we've found a way.The question is: would more deals get done?We're in the process of validating this idea with some early-stage investment opportunities, which dramatically increase the investors' chances of a return, and without penalising founders unfairly.If you'd like to know more, visit the DQventures website and subscribe to one of our blog posts (you can do this at the bottom of every post). We've shared our initial thesis with over 1,000 early-stage investors and captured feedback from founders, VCs and angels all over the world.๐๐ฆ'๐ฅ ๐ญ๐ฐ๐ท๐ฆ ๐บ๐ฐ๐ถ ๐ต๐ฐ ๐ฃ๐ฆ ๐ช๐ฏ๐ท๐ฐ๐ญ๐ท๐ฆ๐ฅ ๐ต๐ฐ๐ฐ. I'll add a link to the overall description in the comments, which includes a returns calculator, so you can see how different investment / returns scenarios would play out. Feel free to DM me if you'd like to know more.Thanks, Jโขโ#raisingmoney #earlystagecapital#angelinvesting
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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Sad but true.Not investing advice obvs. ๐ โขโ#investing #startups #nearlyfriday
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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What should you include in your data room?๐I was just chatting with one of our portfolio company founders. She wanted to know what to put in her data room, and what to exclude. Here's the structure we used on a previous deal.As a general rule, I like to provide more detail as opposed to less โ if only to show how organised we are, and how well our business is managed. Always separate documents into relevant folders, use a consistent naming convention, and ideally have some kind of content guide, that explains what can be found where.Finally, congrats. If someone is asking for data room access, you've probably done something right! Good luck with the close.#raisingmoney #dataroom #startupsNote: By the time they get inside your data room, your investors should have shown some level of commitment. Ideally this would be a term sheet. If they're an angel, it should be some form of written commitment, so you know the quantum of their investment. Before that, investors don't need access to your data room. It's better to give them a more comprehensive deck, and/or some generic FAQs. If they insist on seeing the data room, ask them why. What is it they want to see? It's not common, but also not unheard of, for investors to snoop, especially if they've invested in potential competitors. Be open, but proceed with caution. Good luck!
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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Among the startups in my investment portfolio are two kinds of zombie companies. I think it's another bubble about to burst. Do you recognise them?1. ๐ง๐ต๐ฒ ๐๐ฎ๐๐ต๐ฒ๐ฑ-๐จ๐ฝ ๐ญ๐ผ๐บ๐ฏ๐ถ๐ฒThese are companies that raised a big round, let's say, in 2021. Since then, they've spent millions of dollars trying to find product-market fit. None of it worked. Meanwhile, the fundraising environment took a turn for the worse. So they made massive cuts, preserved their capital, and essentially put progress on hold. Where are they now?Well, many of them are still steadily burning money. They never found PMF, but thanks to their huge cash reserves, they could keep going like this for another 5 years. Of course, they could turn on the taps again and move faster, but there's a good chance it wouldn't work.Nobody wants an early death... especially not their VC backers....Right now, for many of their investors, these companies are still priced the same as they were in 2021. For the VCs trying desperately to raise their next fund, the status quo (and their TVPI) actually looks ok. For the founders and early investors, however, it's just postponing the inevitable.2. ๐ง๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐๐ฎ๐ฏ๐น๐ฒ ๐ญ๐ผ๐บ๐ฏ๐ถ๐ฒSimilar to the cashed-up zombie, these companies are stuck. They also raised money back in the day, but unlike #1, they burned their cash reserves, found some degree of PMF, and just about broke even. Just. The problem these companies have is lack of momentum. They don't have capital to experiment with (either marketing or product), and they're not growing quickly enough to raise again. Even if they could raise money (or sell), it would mean a huge down-round. This would trigger horrible anti-dilution clauses and preferences, which the founders agreed to when times were good.So they're stuck. It's Groundhog Day. They're creeping along, staying alive, but with no levers to pull to escape their current, mediocre velocity. Are they lifestyle businesses?Not exactly. The founders are still earning well below market-rate salaries, and the teams spend every day feeling like they're failing. Meanwhile, anyone with shares or options realises, a little more each week, that their net worth is a fraction of what the paperwork suggests. Is it even worth continuing?โขโThere's chatter about a recovery in venture capital and startup land. I hope it's true. But, from where I'm sitting, it looks like there's more pain to come first. When these companies come up for sale, howeverโprobably for cents on the dollarโit could be an interesting buying opportunity.Does anyone see this differently? Anybody (besides me) own shares in companies like these?โขโ#vc #venturecapital #startupsP.S. Thanks to Nima for the inspiration. Good luck with the next phase, my friend!
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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Made me chuckle... 8 pieces of advice for business owners from comedian, Steven Wright...โขโDon't recognise the name Steven Wright? He's a standup comedian, who was also the dry, lazy voice of the DJ narrating Quentin Tarrantino's film, ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ผ๐ถ๐ฟ ๐๐ผ๐ด๐.Recognise this?๐๐ฐ๐ฆ ๐๐จ๐ข๐ฏ ๐ข๐ฏ๐ฅ ๐๐ฆ๐ณ๐ณ๐บ ๐๐ข๐ง๐ง๐ฆ๐ณ๐ต๐บ ๐ธ๐ฆ๐ณ๐ฆ ๐ข ๐ฅ๐ถ๐ฐ ๐ฌ๐ฏ๐ฐ๐ธ๐ฏ ๐ข๐ด ๐๐ต๐ฆ๐ข๐ญ๐ฆ๐ณ'๐ด ๐๐ฉ๐ฆ๐ฆ๐ญ ๐ธ๐ฉ๐ฆ๐ฏ ๐ต๐ฉ๐ฆ๐บ ๐ณ๐ฆ๐ค๐ฐ๐ณ๐ฅ๐ฆ๐ฅ ๐ต๐ฉ๐ช๐ด ๐๐บ๐ญ๐ข๐ฏ๐ฆ๐ด๐ฒ๐ถ๐ฆ, ๐ฑ๐ฐ๐ฑ, ๐ฃ๐ถ๐ฃ๐ฃ๐ญ๐ฆ-๐จ๐ถ๐ฎ ๐ง๐ข๐ท๐ฐ๐ถ๐ณ๐ช๐ต๐ฆ ๐ง๐ณ๐ฐ๐ฎ ๐๐ฑ๐ณ๐ช๐ญ ๐ฐ๐ง 1974 ๐ต๐ฉ๐ข๐ต ๐ณ๐ฆ๐ข๐ค๐ฉ๐ฆ๐ฅ ๐ถ๐ฑ ๐ต๐ฐ ๐ฏ๐ถ๐ฎ๐ฃ๐ฆ๐ณ ๐ง๐ช๐ท๐ฆ, ๐ข๐ด ๐-๐๐ช๐ญ๐ญ๐บ'๐ด ๐๐ถ๐ฑ๐ฆ๐ณ ๐๐ฐ๐ถ๐ฏ๐ฅ๐ด ๐ฐ๐ง ๐ต๐ฉ๐ฆ '70๐ด ๐ค๐ฐ๐ฏ๐ต๐ช๐ฏ๐ถ๐ฆ๐ด...If not, I envy you. Not only do you have a great film to watch, but also you have a brilliant soundtrack to listen to.โขโSteven's business advice...01. If you want the rainbow, you got to put up with the rain.02. Experience is something you don't get until just after you need it.03. The early bird may get the worm but the second mouse gets the cheese.04. The sooner you fall behind, the more time you'll have to catch up.05. When everything is coming your way, you're in the wrong lane.06. If at first you don't succeed, destroy all evidence that you tried.07. Borrow money from pessimists - they don't expect it back.08. Hard work pays off in the future; laziness pays off now.โขโ#startabusiness #startups
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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#truth #startups #founders
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James Green
๐ Helping Experienced Professionals Launch Startups Without Leaving Their Job ๐
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"You can't possibly be an entrepreneur if you haven't started a company by the age of 35."What??Try telling that to:โ Eric Yuan, started Zoom at age 41โ David Baszucki, started Roblox at age 41โ Stan Lee, started his first comic one day before he turned 39โ Martha Stewart, launched her cooking / homewares empire at 41โ Donald Fisher, opened the first GAP store at 40โ Sam Walton, founded Walmart at 44โ Ray Kroc, started McDonalds at 52โ Harland (Colonel) Sanders, franchised KFC at 62โ Arianna Huffington, started The Huffington Post at 55The belief that entrepreneurship is "black or white" is surprisingly common. "You're either a founder or you're a corporate stooge - it's one or the other."๐ง๐ต๐ถ๐ ๐ถ๐ ๐ผ๐ป๐ฒ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฏ๐ถ๐ด๐ด๐ฒ๐๐ ๐ณ๐ฎ๐น๐๐ฒ๐ต๐ผ๐ผ๐ฑ๐ ๐ถ๐ป ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐.โOf course, some of the best-known founders started young: Mark Zuckerberg (Facebook @ 19), Bill Gates (Microsoft @ 23), Evan Spiegel (Snap @ 25), Brian Chesky (AirBnB @ 27), Elizabeth Holmes (Theranos @ 19!!)...But entrepreneurship comes in all shapes and sizes; being entrepreneurial and owning your own business are ๐ป๐ผ๐ the same thing. Millions of amazing entrepreneurial people work in normal jobs. Just because they don't own a business doesn't mean they're not entrepreneurial. More likely it's a reflection of their ๐น๐ถ๐ณ๐ฒ ๐ฐ๐ต๐ผ๐ถ๐ฐ๐ฒ๐ and ๐ฐ๐ถ๐ฟ๐ฐ๐๐บ๐๐๐ฎ๐ป๐ฐ๐ฒ๐, not their ๐ป๐ฎ๐๐๐ฟ๐ฎ๐น ๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ถ๐ฒ๐:โ What did they choose to study (when, let's be honest, they had no clue)? โ Where did they live? โ Who did they support?โ Did they buy a house?โ Did they have kids?โ Did they get married? (How many times?)โ How much money did they have?โ What debts did they accrue?โHaving a great singing voice doesnโt mean youโve recorded a platinum album.Being an amazing cook doesn't mean you own a Michelin-Star restaurant.So why should being entrepreneurial mean you've started a company?It doesn't.โThere are, in fact, advantages to starting a business young:โ You have a larger window for learning valuable business lessons. โ If you fail, you have more time to pick yourself up and try again.But, analysis of 2.7 million founders between 2007 and 2014 (link in comments) actually showed that older founders do better:โ The average age of company founders is ~40 years oldโ The average age of a unicorn founder is 34โ A 50-year-old is ~2x more likely to get a successful exit than a 30-year-oldโSo if you're in your late 30s, 40s or 50s, don't listen to the naysayers. You probably have as good a chance as anyone of starting a great business, and compared to your younger peers, it's likely you have an advantage.You probably...โ Have friends in influential placesโ Know wealthy people who investโ Have deep sector expertiseโ Have the reputation and skills to attract employeesโ Know that there's always more to learnโ Have learned from many, many mistakes!...Go get 'em.โ#entrepreneurship #entrepreneurs
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