Advice for Digital Startups, Founders and Entrepreneurs
Articles and viewpoints compile by our editors
- What is an incubation center? (link)
- Viewpoint: Idea To SAAS MVP & Revenue In 3 Weeks (Whilst Spending $0) – Here are the top 6 lessons we learnt during the process that we feel could be applied to other early stage tech businesses.
- Startup advice: What do I need to lookout for when joining a startup? Advice for those joining startups varies on the respondents’ perspectives and their personal experiences. We decided to crowdsource inputs from a variety of forums and tabulate them.
- Stories of failed startups (link) – Empirical data on startups indicate that a large percentage (between 70 to 90% ) of startups are doomed to fail. Some founders realize that they are captaining a sinking ship and bail out early and gracefully, others decide to do a Titanic by failing dramatically. Many others, however continue on a slow burn.
- Peer-advice and guest columns (link)
Image credit https://www.flickr.com/photos/
Other Articles and Advice columns:
- 5 Reasons Startups Get Acquired — And How To Spot Them – Being able to spot a likely acquisition target involves a little corporate strategy, some financial accounting and an understanding of industry-specific supply and demand. Among the many reasons a startup might be acquired, these five stand out as the most common
- Want To Join A Start-Up? Consider These Skills As A Necessity! Startup companies today are using various innovative approaches to test the caliber of an employee during the interview process. Along with number of degrees, a lot of other skills are expected from the candidate to get placed in a startup firm: Creativity, Prophecy, Flexibility, Quick and Self-Learning (SiliconIndia)
- ASK A FINANCIAL PLANNER: Is it worth taking a salary cut to get stock options at a hot startup? I’m in the process of considering a new career opportunity with a well-known privately held startup rumored to go public in the next year/year and a half. Part of the compensation package will include equity, or stock options. Based on preliminary conversation, the salary they may offer would be slightly lower than the going rate for this position (say 10 to 15% less), to be compensated by an equity offer (stock options or restricted stock). (BusinessInsider)
- How To Build A Network Of Advisors For Your Startup – This past summer, my cofounder, Jinesh, and I were accepted into the Venture For America accelerator in order to go full-time on our company, Arthur. Beyond giving us an opportunity to go heads-down on our venture, the accelerator gave us access to the entire VFA network, whose board includes people like the CEO of LinkedIn, and a cofounder of Warby Parker. Despite the prominence of the network we had access to, we also found that one’s level of success had no bearing on whether he or she made a good advisor – in fact, hearing from entrepreneurs who had failed was equally as helpful as hearing from those who had made it big. What mattered more was their expertise on a specific area of our business, their willingness to engage with us, and their ability to offer tangible, actionable advice.(Forbes)
- 5 Essential Traits That Investors Look For in Startup Founders – (tech.co)
A Willingness to Break The Rules
The Ability to Pivot
Startup Founders Are Important And Unique
Good Team Relationships
Friends and family — equity and debt
Line of credit
Using your own money — bootstrapping
Whole life insurance loan
Home equity loan
Credit cards (not recommended)
1. Leadership – The tone of the organization always starts with the Founder/CEO.
2. Collaboration – Startups develop from a driven founder and some core employees.
3. Hiring – People are key.
4. Feedback – Be so open and transparent that it becomes painful.
5. Be Open to Change
6. Community – As you grow consider that each department you create will develop its’ own culture over time.
- I see people earning in lakhs per month as a freelancer. Can anybody on Quora guide me to be a freelancer? (mydigitalstartup.net)
- What you need to know about startup boards (techcrunch.com)
Do I have to have a board of directors?
When do I need to start a board?
What should I do when starting a board?
Who else is on the board and why does it matter?
What does a board do?
Do I pay board members?