WHAT I'VE LEARNT: 12 MONTHS INTO STARTUP LIFE
Written on the 5 May 2016 by Nicholas Burge
GO TO university, graduate with good grades and get a job with a reputable company. Retire after 40 years, buy a caravan and travel around Australia.
With my very limited knowledge of how the startup world worked, I thought it was extremely common for startups to get acquired by a global leader. Oh boy, I had that so wrong.
FORGET FUNDING, SOMETIMES
I get frustrated about the notion that startups need funding prior to taking the plunge. Investors are more likely to take interest in an idea that has validation through actual users and customers.
BE A FIXER BUT...
I also personally struggle to fathom what level of self-achievement comes from being part of a startup that doesn't provide any real value to society. These types are poorly misrepresenting the startup economy by not having strong, viable potential to create large, sustainable companies and grow our economy.
I was over in Silicon Valley on the Startup Catalyst trip and we met someone who said it brilliantly:
TRACTION TAKES THE MOST GRIT
You hear a lot about potential pitfalls for startups. It's everything from wrong timing to poor business model, a lack of funding and bad marketing strategy.
THE DIFFERENCE BETWEEN YOU, ME AND SME
Monthly recurring revenue.
Author: Nicholas Burge
About: Nicholas Burge is the Growth Marketer at Tanda, a fast growing startup based in Brisbane, which specialises in cloud-based time & attendance software. Tanda is making an economical impact assisting businesses to increase their efficiency and profitability. With a background in software design and marketing, Nick brings a unique perspective to life in the startup industry.Connect via: LinkedIn