DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Just heard one of the top VCs in the world say that they don’t invest in any first-time founders.
First-time founders.
They are scarier than a migraine on your wedding day.
They have little to no real-world experience running a company, much less a startup that is supposed to take over the world.
They are typically college dropouts or recent graduates.
They have little discipline because they haven’t been through any fires and survived any crises yet.
They are eager-eyed and wants to boil the ocean with their little hand-held lighters.
And they should be directed to the nearest Startup graveyard for a rude awakening.
Want to play it safe?
Just invest in repeat founders.
Serial entrepreneurs.
Founders who have some kind of exit or battle experience.
Even those who failed but failed spectacularly are a better bet than first-time founders.
They have been through the fire, they are more educated on the rigor of starting a company, they are now more keenly aware of what investors are looking for and have a higher probability of success than first-timers.
But are all that bad?
Does it make sense to risk so much on first-time founders?
Well it depends.
Angels who wants to make money from what little investments they have, have a tendency to avoid them.
Larger funds who have the buffer and potentially larger war chest also avoid them because the risk of failure is just too unappetising.
Maybe friends and families and fools will give you some money just because they like you or hate you enough to stop bothering them.
Perhaps government grants and bootstrapping might be better options.
That is why the first check you ever receive from your first investor is the sweetest one ever.
Because that is a check written by someone who believed in you when you had nothing to show for and they had no reason to give you a cent.
So why should we bother wasting time on first-time founders?
Well, we bother because startups are the future.
They are the promise of betterment, the symbolistic beacon of hope and the acorns that will grow into majestic trees in the future.
Startups are the optimistic probabilities of tomorrow.
There won’t be a better tomorrow if we stop investing in startups.
The future won’t be optimistic if we stop helping first-time founders to grow.
So if you can afford it and come across a good one, take a chance on first-time founders.
-
Should we invest in first-time founders?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #eth #btc #crypto #firstimefounders #founders #faith #seed #acorn #risk #investors #startuplessons
Just heard one of the top VCs in the world say that they don’t invest in any first-time founders.
First-time founders.
They are scarier than a migraine on your wedding day.
They have little to no real-world experience running a company, much less a startup that is supposed to take over the world.
They are typically college dropouts or recent graduates.
They have little discipline because they haven’t been through any fires and survived any crises yet.
They are eager-eyed and wants to boil the ocean with their little hand-held lighters.
And they should be directed to the nearest Startup graveyard for a rude awakening.
Want to play it safe?
Just invest in repeat founders.
Serial entrepreneurs.
Founders who have some kind of exit or battle experience.
Even those who failed but failed spectacularly are a better bet than first-time founders.
They have been through the fire, they are more educated on the rigor of starting a company, they are now more keenly aware of what investors are looking for and have a higher probability of success than first-timers.
But are all that bad?
Does it make sense to risk so much on first-time founders?
Well it depends.
Angels who wants to make money from what little investments they have, have a tendency to avoid them.
Larger funds who have the buffer and potentially larger war chest also avoid them because the risk of failure is just too unappetising.
Maybe friends and families and fools will give you some money just because they like you or hate you enough to stop bothering them.
Perhaps government grants and bootstrapping might be better options.
That is why the first check you ever receive from your first investor is the sweetest one ever.
Because that is a check written by someone who believed in you when you had nothing to show for and they had no reason to give you a cent.
So why should we bother wasting time on first-time founders?
Well, we bother because startups are the future.
They are the promise of betterment, the symbolistic beacon of hope and the acorns that will grow into majestic trees in the future.
Startups are the optimistic probabilities of tomorrow.
There won’t be a better tomorrow if we stop investing in startups.
The future won’t be optimistic if we stop helping first-time founders to grow.
So if you can afford it and come across a good one, take a chance on first-time founders.
-
Should we invest in first-time founders?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #eth #btc #crypto #firstimefounders #founders #faith #seed #acorn #risk #investors #startuplessons
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