The 3Cs Every Founder Needs: Capital, Coaching, Community ??
Building a startup is often glamorized, but anyone who’s done it knows the journey is gritty, full of challenges, and requires constant learning. Along the way, I've been fortunate to be surrounded by incredible people—advisors, angels, and peers—who have shared their wisdom and helped me navigate these ups and downs while building Layerpath .
Recently, some key conversations have reinforced a simple truth: a startup’s foundation rests on three essential C’s—Capital, Coaching, and Community.
1. Capital ??: More Than Just Money
Yes, every startup needs capital, but the right kind of capital is even more important. The goal isn’t just raising a huge round to grab headlines—it’s about having enough capital to keep moving forward at critical junctures.
In my experience, real success comes when you stay scrappy, use funds wisely, and understand that capital is simply a tool to build something meaningful.
2. Coaching ??: The Right Kind of Guidance
Coaching is critical, but not all coaching is created equal. The people around me aren’t just “advisors” in the formal sense—they’re sounding boards who listen deeply and help me confront gaps in my thinking. They don’t give me the answers but guide me toward finding them.
One of the most significant insights I’ve learned from my circle is that problem-first thinking is the only way to ensure we build something truly valuable. Start with the problem, validate it deeply, and only then move to solutions.
3. Community ??: The Power of Connection
Community isn’t just about having a massive following. It’s about having a small, tight-knit group of people who are genuinely invested in your success. These people show up for you in the tough times and provide honest, unfiltered feedback.
The strongest communities are built on trust and shared goals. They hold you accountable, cheer you on, and sometimes give you the tough love necessary to grow.
Lessons from the Journey So Far: Focus on Problems, Not Solutions ??
We always hear the phrase: "Don’t build solutions for problems that don’t exist." But until you experience this firsthand, it’s easy to fall into the solution-first trap. I’ve been there. I’ve made those mistakes. ??
I’ve realized that while long-term vision is critical, you can’t jump ahead of your milestones. Stay laser-focused on validating the current problem before moving on to future challenges. ??
Key takeaway:
Don’t build features for the loudest 20% of your users. Validate with the other 80%, because they’re often the silent majority.
领英推荐
Generalists vs. Specialists ??
Why Being a Generalist Is OK Early On!
One key insight I’ve gained as I build Layerpath is that early-stage startups are all about having generalists on the team. You don’t need specialists from day one. Having a team of problem solvers who can adapt quickly and wear multiple hats is far more valuable.
Advisor Compensation ??: A Lesson from Immad Akhund
One of my favorite pieces of advice about compensating advisors comes from Immad Akhund , the founder of Mercury . His approach is refreshingly straightforward:
Don’t give away startup equity to advisors.
This perspective has shifted how I think about bringing advisors on board. Advisors' value isn’t always about immediate monetary contributions—it’s their guidance, experience, and network. And when the time comes to compensate, clarity and structure in those relationships are key.
Mistakes and Growth: Embrace the Journey ??
Finally, the journey of building a startup is one of constant reflection. I’ve made my share of mistakes—sometimes chasing the wrong problems, moving too fast, getting stuck in the weeds. But the biggest takeaway is that mistakes are inevitable, but growth is optional.
Final Thoughts & Action Steps ??
As I reflect on this journey, here are a few guiding principles I’m committing to:
Startup life is messy, iterative, and full of lessons. But with the right support systems in place, every step forward is a step in the right direction. ??
Thanks to Y Combinator , Ash Maurya from LEANSTACK , Immad Akhund from Mercury , and all the incredible people in my network for their continued wisdom and guidance.
Bookkeeping, Accounting, and CFO Services for Small Businesses
1 个月Great insights! Building a startup truly thrives on understanding the problem before rushing to solutions.??