First Things First

The public discourse in startup land has recently focused on the value add an investor can bring to the table. Value add indeed does make a difference; at the same time though, we tend to neglect the original value an early stage investor contributes to a company. This post is an attempt to bring the …

A Primer on VC Economics

The underlying economics of a venture capital fund probably stand as common knowledge to some of you, yet to many others they are not. This post is an attempt to summarise the basics, skipping out the details yet providing some context that may be of help in better understanding VC’s drivers and actions. In a …

On Valuations

Optimising for valuation is a strategic mistake for early-stage entrepreneurs. In my limited experience, many founders consider valuation their top priority, even at stages as early as seed. They tend to treat a working hypothesis as an end in itself and put effort on getting this assumption “right”, rather than making it work. I believe …

From Doer to Leader

Getting from a couple of entrepreneurs to a team of 5 or 20 employees is one of the most difficult tasks startup founders are facing. I call this the transition from being a doer to becoming a manager and then, eventually, a leader. In this post, I will try to provide some reasons why, next …

In Search For A Model

I have lately been a witness to a growing contradiction in the local startup ecosystem. With this post, I would like to call this discord out; I hope it might be of value. By nature, entrepreneurship (or life, if you will) is about finding the right balance in a growing variety of issues. In the …

Between Facts and Promises

You cannot expect from a child to be financially sustainable. Yet the next generation is a society’s biggest asset. Societies have early been mature enough to realize this and shape forms and structures (from families to student loans) to help children grow up and get educated, enabling them and the society at large to reach …

A Small Market’s Perils

The core problem of a small market is, well, it’s size. I’d personally call it as one of the two major problems of the local business ecosystem, with the latter being the risk-avert mentality. Let’s keep risk phobia out of the picture for now; I’d like to dig a bit further into the market size …