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Over communicate with the team.
Tell stories.
Drive home expected results.
Align efforts.
Communicate, communicate, communicate.
davidcummings.org/2017/06/04…
Best investor predictor of entrepreneur success post investment: frequency and quality of communication.
Communication is hard. So many other priorities.
More communication — more clarity of thought, more help.
Want to grow faster?
Communicate more.
Communicate better.
Cultivating 10 passionate customers is better than 100 indifferent customers.
Value is delivered is a variety of ways.
To some, it’s ROI.
To others, it’s service.
To all, it’s how they feel about the company.
Aspire to raving fans, not just customers.
“A lot of decision to take or not take money has to do with expectations. Ask - how do you want to grow your startup? There are amazing companies doing amazing things that haven’t raised money.” The best panel & convo at @3686Fest so far.
99% of entrepreneurs shouldn’t raise venture capital.
- It limits exit opportunities
- It puts a timeline on the business
- It requires a 5x greater exit to make the same founder money
- Most markets aren’t winner take all
Time spent raising money is better spent with customers