ESSENTIAL SHIFTS FOR STARTUP FOUNDERS

ESSENTIAL SHIFTS FOR STARTUP FOUNDERS

#1?ESSENTIAL SHIFTS FOR STARTUP FOUNDERS

Scaling a deep tech startup for commercialization is a formidable challenge that requires founders to make significant shifts in their approach and thinking. The stark reality is that only 0.04% of startups reach $10 million in annual sales, which is just the beginning of proving commercial viability. Many founders, often from science or engineering backgrounds, excel in developing novel technologies but lack experience in crafting successful commercial strategies.

#2?HOW COMMUNITY ?CAN FUEL THE NEXT GENERATION OF UNICORNS

Collaboration is crucial to championing community and ultimately helping the startup ecosystem to thrive, particularly in places that don’t already have a strong regulatory framework in place. Startups, unencumbered by traditional processes, hierarchies and technologies, often make perfect partners, allowing Big Tech companies to infuse fresh ideas into their operations. This is essential for pioneering change and growth within the industry.?

#3?MYTHS ABOUT ANGEL INVESTING DEBUNKED

When looking at various investments, angel investing will be on the higher risk end of the spectrum. However, early stage investors perform extensive due diligence on the startups they are considering. They often work in groups through angel networks or via early-stage funds to crowdsource more insight, aim to build an angel portfolio to diversity, and ensure early-stage investing is a small part of their overall investment strategy (likely somewhere between 5-10%).

#4?THE SVB COLLAPSE: WHY DID UK STARTUPS RELY ON JUST ONE BANK?

According to a survey, just over a third of UK startups had access to no other banking facilities other than SVB. Opening accounts with traditional banks can often require companies to have historical records, which early-stage startups don’t have. High street bank accounts can also take longer to open due to additional checks for these risky-seeming and unprofitable businesses, an unwelcome delay when startups have VCs ready to wire them capital.

#5?STARTUP FAILURES RISE 60% AS FOUNDERS FACE AFTERMATH OF BOOM YEARS

The collapses are part of a painful adjustment for startups triggered by interest rate rises in 2022. Founders are now facing the hangover. The jump in bankruptcies is due to the fact that “an abnormally high number of companies raised an abnormally large amount of money during 2021-2022”. VC-backed companies employed 4mn people in the US, Morgan Stanley said, creating “spillover risks to the rest of the economy” should the rise in bankruptcies fail to slow.?

If you enjoyed this newsletter, forward it to a friend. If you are a startup with a founder from Europe or Israel looking for financing, whether it is Seed, Series A, or later, submit your pitch deck!

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