[ad_1] It’s also true that when one of those groundbreaking companies matures and faces challenges, a founder has a unique ability to make bold moves and stick to the original vision when others urge a less risky course. There are certainly cases where companies struggled when founders were replaced by managers. Remember Yahoo? And of […]
[ad_1] A MySpace clone site called SpaceHey passed the million-user mark last week. Its founder, 22-year-old student Anton Röhm, began working on the website during the pandemic when he was just 18 years old. The pandemic’s restrictions kept Röhm from traveling the world like he originally wanted to before starting university — so he turned […]
[ad_1] Paul Graham, the founder of famed startup accelerator Y Combinator, coined a new term this week that has taken over social media: founder mode. In an article released on September 1 and publicized on X over Labor Day weekend, Graham separates “founder mode” from the traditional “manager mode” route by noting key differences in […]
[ad_1] Many of yesterday’s talks were littered with the acronyms you’d expect from this assemblage of high-minded panelists: YC, FTC, AI, LLMs. But threaded throughout the conversations—foundational to them, you might say—was boosterism for open source AI. It was a stark left turn (or return, if you’re a Linux head) from the app-obsessed 2010s, when […]
[ad_1] Noah Kagan shared how he started AppSumo, a “Groupon for software,” in one weekend in a new podcast episode. The startup cost was $60; AppSumo earned $80 million last year and Kagan is still its CEO. In 2010, Kagan was 28 years old and had already experienced what it was like to be the […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. In the bustling world of startups, the concept of “sweat equity” often buzzes in the background, unrecognized yet vital. Founders pour their time, expertise and relentless energy into building their ventures from the ground up. While financial investments are typically acknowledged and rewarded, the non-financial contributions […]
[ad_1] How many times have you walked past a storefront, perused a grocery store aisle, or scrolled through your Instagram feed and experienced a little “I want that!” ping to your brain after seeing a particularly compelling image? That, in a nutshell, is the power of great design. According to research from Insights in Marketing, […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. Based on Noam Wasserman’s The Founder’s Dilemma, 4 out of 5 entrepreneurs step down as CEO, either because they discovered they weren’t fit for the role or because investors ousted them from the company. This adds up to the notion that entrepreneurs rarely make good CEOs. […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. It takes both art and science to create a pitch deck that will result in funding. You must be able to express the idea for your company clearly and concisely while simultaneously appealing to the sensibilities of potential investors. The average time spent by investors studying […]
[ad_1] When you build a startup, the best shot you have at seeing a big payday is becoming an acquisition. Sure, a handful of startups end up going to IPO. But the likelihood of acquisition beats your chances of going public by a ratio of 10 to one. Unfortunately, the exciting possibility of an acquisition […]
[ad_1] What do pet supplies and gaming have in common? Ryan Cohen. Cohen, 38, is the founder of Chewy.com, an online pet supplies retailer valued at $16 billion. However, he transitioned from e-comm entrepreneur to a stock market wiz when he purchased a 13% stake in GameStop in 2020 – making him the company’s single […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. When I’ve pitched investors in the past, I prepare for the questions they’ll likely ask me, from market opportunity and size to financial metrics and timeline. From my own experiences and having consulted for multiple founders, I’ve learned that it’s just as important to interview your […]
[ad_1] In 2013, Courtney Adeleye was working as a registered nurse and searching for a product suitable for treating natural hair. “There were not many brands that used natural ingredients and specialized in healthy hair growth at the same time,” Adeleye recalls. “So, I started mixing my own products at home and infused them with […]
[ad_1] Starting a business from the ground up isn’t easy. While it might pay off in the end, many founders take-home humble paychecks — and some take home nothing at all. According to a report from the accounting firm, Pilot, of 500 startup founders surveyed, almost half (46%) get paid less than $100,000 annually, with […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. For many entrepreneurs, their first venture is like a child. They pour their passion and dedication into its growth, and when the time comes to exit, the sense of loss and uncertainty is palpable. This feeling won’t last forever, though, and as Richard Branson once said, […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. As a founder, you must know that a recession can come whether you expect it or not. It is essential to prepare yourself beforehand to have a cushioning effect when it comes. Waiting until it is full-blown before trying to figure out how to survive the […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. In the early stages, startups often lack impressive numbers to showcase their potential. That’s why investors primarily examine the co-founding team to assess how likely they are to build a thriving company. In simpler terms, investors are looking for something called founder-market fit when the founders’ […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. 247 years ago, a group of men signed the Declaration of Independence and I think we can all agree that when it comes to a “founder’s story,” this one is pretty epic. What is a founder’s story? It tells the tale of how the organization got […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. For a founder, few things are more challenging than ceding control of a company built tirelessly, often over a lifetime. However, nothing is more necessary if the founder plans to scale their business. And while entrepreneurs usually understand on a fundamental level that the culture that […]
[ad_1] Opinions expressed by Entrepreneur contributors are their own. Is it easier or harder to build a successful startup now than in the past? In many ways, it’s so much easier to launch a startup today than in the past; the ecosystem is full of services, access to information is instant, the startup world is […]
