Orum.io的动态

What are the two secrets you MUST KNOW before founding a company? ?? As founder/CEO of ?Orum.io?, people ask me certain questions often: how I raised capital, or what I think of their startup idea. They’re eager and hungry and I get it—but these are generally the wrong questions to begin. Before you quit your job and take that leap, you must deeply understand these two realities: ?? Venture capital expects a BIG return on those dollars. ?? Hard truth: Getting to your first 1-10 million in annual recurring revenue is BARELY the beginning. When you take venture dollars, you have to think in terms of how you’ll get to $200 million-plus. Take a recent conversation I had with a founder stressing over financials. “We’re making $1 million in revenue and growing only 2-3% a month. It’s not enough!” In an ordinary world, those are awesome statistics and that’s a great business. But when you take money from a VC, returns are predicated on EXTREMELY high multiples—so your business and the market opportunity must support that expectation. That was a big part of how Orum raised capital for our money movement solutions. When we started just five years ago, $55 trillion moved via ACH every year; today it’s $80 trillion. ?? Plan to build something you know deeply, and will find interesting for a decade or more. ?? Last month Orum celebrated its fifth birthday, and I joke that we’re halfway to an overnight success. Building takes time; as the founder you’ll need VERY sustained interest in the problem you seek to solve. Stamina and resilience are what will carry you through all the challenges and setbacks through the years. If you’re not truly passionate, and not comfortable with your identity being tied to this process for a very long time…it might not be the move for you. _____ Founders, does this resonate with you—what would you want your fellow builders to know? Would-be founders, what questions do you have? Sound off in the comments! ??