Things I Learned from my Start Up
And things I wished business school had taught me.
Very important to understand contracts, shareholders agreements and legal things. Get the best lawyer money can buy
Equal equity split (all cofounders hold the same amount of shares) can turn some investors off because of dilution
It’s very important to do constant MVPs. It’s the most cost effective way at building a physical product. Check MVP types online to see what resonates with you the best
Understand the finance and costing even if you are not the CFO
Bootstrap for as long as you can. Getting an investor is an achievement but remember - it’s a massive responsibility. If you can pay for certain expenses on your own, keep it that way
Diversity has its pros and cons. People from different backgrounds can interpret things differently. Make sure you follow up to see that they’ve understood
We used free apps like Trello (task management) and Toggl (time management) for the team
Use fiverr to outsource your work like data research, market research, doing tasks that are monotonous and do not require too much decision making
Enter pitch competitions, even if you aren’t ready. It will shape you up and teach you things about your own product that you may not have envisioned. Use LinkedIn to source them out
Use Crunchbase to look for your competitors. Don’t be delusional and say that you’re so unique that you don’t have competitors
10 survey responses that say they’ll buy from your business ≠ actual sales
Y Combinator has a free entrepreneurship course. It’s short and doable. Definitely do it.
Weekly team meetings are a necessity
Triple check the pitch deck before you present
Can’t trust all long term employees- time does not equate necessarily equate trust
Give and receive a receipt for every single transaction
Note down every single transaction that goes and comes in, regardless if it’s cash or card
Credit notes should not be used for large amounts
Minutes of the meeting are important. Ensure it’s signed off by attending members
Bitching/ gossiping about an employee or cofounder will find a way back
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Welcome to forever and after!
₊˚ପ⊹ ·˚꒰ did you drink anything today? please don't forget to breath. don't worry, this is a safety zone. you can lean back and relax. read pacs, send asks, whatever you are up to! thank you for being here! ༘ * ˚ ✦ ꒱ ₊˚ˑ༄
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏( have a look around ! )
𝐟𝐫𝐞𝐞 𝐦𝐞𝐧𝐮: 𝐨𝐭𝐡𝐞𝐫:
𝐏𝐀𝐂𝐒 𝒂𝒃𝒐𝒖𝒕 𝒎𝒆
𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝒑𝒂𝒊𝒅 𝒓𝒆𝒂𝒅𝒊𝒏𝒈𝒔
𝐒𝐩𝐢𝐫𝐢𝐭𝐮𝐚𝐥 𝐌.𝐋𝐢𝐬𝐭
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Unstoppable Force (my love of seeing other people's takes/stylization on my OCs) vs Immovable Object (my gripping fear of not doing other people's OCs enough justice when I draw them)
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Bit telling that for years and years evangelical religious extremists have been allowed on university campuses with their bullhorns and horrific imagery where they harass students into physical altercations and when students complain to the university’s administration they just shrug their shoulders citing freedom of speech but when those same tuition-paying students start protesting against war and genocide they call SWAT
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I'm ignoring the part of the internet who is going "Oh no" at this.
BUT OMG BOWSER YOU HOPELESS ROMANTIC. YOU LOVE PEACH NO MATTER WHAT SHE TURNS INTO BAHAHAHAHAHAHAH
Bowser really is the type to love you if you became a worm lol
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