Four CEO’s Demystify Some Of The Most Persistent Myths Around Startups
“If you keep joining accelerator after accelerator, you are like one of those guys that stays in college for the lifestyle” – Rado Raykov
Four people around their forties with solid careers took the decision to become startup founders. You may wonder why after listening to this podcast. From fundraising and hiring for diversity to working insane hours, we demystify and challenge persistent myths about startups in this fast-paced episode of HelloMasters.
Clockwise: Sander Nagtegaal, Willemijn Schneyder, Rado Raykov & Ellen Bark-Lindhout
You need a co-founder to built a successful startup
80 hours work week
You have to be a college drop-out
Startup founders are best when they are young.
Startups don’t need diversity
Raising a lot of money is a sign of success.
Pitch competitions, accelerator and corporate challenges are important
Building a team needs to happen in person. So where does that leave remote teams?
As CEO/Founder, you’re only happy when you have sold or IPO’ed your company
[00:00:00] Introduction Ellen, Rado, Willemijn and Sander
[00:03:55] Myth #1: Just build a great product
“VC’s told me I was building Rolls Royces, rather than the Beetles that you actually need” – Sander
“A great team cannot do without a great product” – Willemijn
[00:05:29] Myth #2: You need a co-founder to build a successful startup.
“If you have a solid base, you can build a good house. It depends on the definition of what a co-founder is.” – Rado
[00:07:55] Myth #3: You need to work 80 hours a week or more
“It’s like interval training, sometimes you do sprints and other times we take it slow.” – Willemijn
[00:10:17] Myth #4 & #5: College dropout & Startup founders are best when they are young.
“Hard data: the average age of a startup founder is 42 years old.” – Louise
“I’m 44 and I just don’t get impressed by bad stuff. If I were 21 and got hit in the face, I would cry and run. Now I would still cry but not run.” – Sander
[00:13:43] Myth #6: Startups don’t need diversity
[00:16:59] Myth #7 Raising a lot of money is a sign of success.
“At least step one, you’re pretty good at” – Sander
[00:21:43] Myth #8: Pitch competitions, accelerator and corporate challenges are important
[00:26:52] Myth #9: Building a team needs to happen in person. So where does that leave remote teams?
[00:33:38] Myth #10 As CEO/Founder you’re only happy when you have sold or IPO’ed your company
“ I wonder if the love of the journey is a high indicator for a potential successful exit.” – Ellen
Work like these startup founders and build your network around people in the same position. Ask for expert feedback and grow smarter. Find your strategic sparring partner at HelloMaaS. Go to www.hellomaas.com/advisors and learn more.