A few years ago I met with a very nasty VC. I wrote a post about the meeting but never published. Recently I heard from a few startups who actually raised money with them. I decided to look back at that old post and write something to warn others. Read on Medium: How to Lose a Startup in 5 Simple Steps
A great technical team comes up with amazing technology. The original business model fails. They immediately start looking for another application.
Stop. Don’t do it. Read this instead: The Single Worst Pivot Idea.
I made a lot of mistakes when running my startup. I also meet hundreds of Polish entrepreneurs each year and listen to their stories. Based on those insights I wrote an article about why (Polish) startups fail.
As some of you know, I’ve been organizing tech meetups called OpenReaktor in the Warsaw-based startup mansion I co-founded since June 2011. It’s already become a tradition that in December I’m listing the top 5 talks of the year.
Call me a conspiracy theory maniac, but I always felt like everyone is watching me. I imagined people waiting for my failure, so that they can proclaim their personal little victory and say
“I knew it! His business never made sense! How did they even get funded in the first place?”
Read the rest of the article at https://medium.com/@michuk/how-i-learned-to-stop-worrying-and-love-the-hustle-abe07a5474b6
When we raised a seed round for Filmaster from a German fund HackFwd in Spring of 2011, we were one of the first Polish startups to work with a foreign investor. Traditionally, Web companies in Poland were focused on the local market of 40 million people, which seemed big enough to scale their business.
Big European and US-based VCs, however, were not impressed. They looked for startups with global ambitions, something the Polish ones lacked. Three years later and Poland has got a number of well-funded startups disrupting global markets. What the hell happened?
Read the whole story at The Next Web: http://thenextweb.com/entrepreneur/2014/08/08/community-born-rise-polish-startups/
TL;DR: Don’t sell tech to corporate customers.
Getting proper traction for a b2b solution is way different from growth hacking a consumer service. After a year and a half of struggling to sell our personalization and analytics technologies to corporate customers in the entertainment industry, I’d like to share with you the three main lessons we as a team learned in the process. I really wish it was 5 or 10 as they make better headlines but shit what can I say, I only have three for you.
Matcha.TV just got bought by Apple for $1.5m. Never heard of them? Not surprising. It is (was) one of the many TV and movie discovery startups which planned to secretly take over the second screen by offering personalized recommendations to consumers only to find out no one needs such a thing.