Even @elonmusk thought @SpaceX had a 90% chance of failure in the beginning.
But the odds arenât fixed.
You earn better ones.
Talk to customers.
Stay lean.
Iterate fast.
Find product-market fit.
You donât start with great odds. You build them and earn them. đ
New Podcast episode featuring Morgan Lynch who sold LogoWoks to HP! đď¸
A founder's dream.
Watching your next venture fail after raising $20M is the nightmare.
Whether you're currently flying high or sitting in your car screaming, you need to hear this!
youtu.be/dQ-eSl4jjHg
Itâs called premature scaling.
Premature scaling is doing the right things at the wrong time.
The action isnât wrong.
The timing is.
You canât do growth activities before you are ready, or you will set your startup up for failure.
A lot of founders think raising money is step one. But usually itâs not.
Some businesses need capital because the model requires a long runway, heavy product development, or aggressive growth.
But a lot of businesses donât need funding.
Customers donât buy AI.
They buy solutions to problems.
If OpenAI released your core feature for free tomorrow, would customers still need you?
If the answer is no, keep digging.
Youâre not looking for a better AI feature.
Youâre looking for a real business.
He knew he had to go all in on his startup.
The moment Matty Gay realized it, his mind started racing.
What would it take?
What was the risk?
And was he really ready to make the leap?
Watch the full Episode #50 of the Startup Ignition Podcast.
Entrepreneurship is about more than starting companies.
Itâs about creating opportunity.
Startup Ignition was honored to sponsor a $2,500 scholarship through the Live Your Dream Foundation to support a single mother in Utah pursuing education and a better future for her family.
Word chain game using VC words. đ¤
The father-son VC team at Startup Ignition Ventures go head to head.
@johnrichards_ut won the last one, will @trich_ win this one?
startupignition.com
New Startup Ignition Podcast Episode!
@johnrichards_ut surprised @trich_ with his @Devmtn co-founders @cahlan and @ColtHenrie on this weeks podcast episode.
This team built a coding bootcamp & 10 years after the $20M exit, they all tell the full story.
youtu.be/dZhLlz-f4pw
Happy Memorial Day startup founders!
Some of the worldâs most iconic founders first learned leadership, grit, and sacrifice while serving our country. đşđ¸
Bezos says something every founder needs to hear.
If people wonât pay, that is a signal.
Real validation is when customers choose the product, pay for it, use it, and come back.
Even one of the richest men on earth still believes the market has to validate the product.
New Startup Ignition Podcast episode featuring @CarineClark !
Carine is a 4x CEO, survived cancer with a 20% survival rate, & grew @FirstColonyMTG from $1.4B to $6.5B.
Her advice? Donât let fear determine your fate.
Donât miss it!
Full episode out now:
youtu.be/FmdhZ1lzND0
Are startup accelerators worth it?
The honest answer: it depends.
Some accelerators are incredible. They give founders access to mentors, investors, customers, structure, accountability, and credibility.
Others are mostly startup theater.
The data is mixed, too.
#58 in startup podcasts. #35 in VC podcasts. đ
Just a father and son who love talking startups, and apparently a few people are listening. đ
If you havenât yet, search Startup Ignition Podcast on YouTube, Apple, or Spotify. Free. No fluff. Just real startup talk.
A âunicornâ startup is a privately held startup valued at $1B or more before exit (public / acquired).
Common traits
* Very fast growth
* Large VC backing
* Huge market ambitions
* Scalable software/business models
* Aggressive
* High future expectations
youtube.com/shorts/ua3Iv0lABâŚ
Whenâs the best time to start a business?
The answer is almost always:
Now.
Not because the economy is perfect.
Not because risk disappears.
Not because you suddenly become âready.â
But because waiting usually doesnât reduce uncertainty.
It just delays learning.