If you want your team to be efficient, you will have to nurture and grow your own talent. It may be very seductive to hire an on- or an off-shore software development shop to quickly build out your product but it’s a slippery slope if you are planning to build a proper company and not just ride the hype wave and hope you will sell out soon.
- Feb 27, 2023...more
Hire Please
Feb 16, 2023...moreEverything written below is highly influenced by my personal experience and talks that were given by the people I’m following.
Founding Team
Feb 16, 2023...moreIf you’re long enough in the tech business, you should have heard a tale about 3H that every startup needs. In order for a startup to become successful it needs 3 founders:
- a Hacker
- a Hustler
- a Hippie (they call it Hipster nowadays but don’t follow the crowd)
Sell Please
Feb 5, 2023...moreFirst thing you have to understand is
the products don't sell themselves
. Build it and they will come - never works.
You will have to do marketing for your product or service.If you want to successfully sell your product or service, you should sell a story.
Funding Please
Jan 31, 2023...moreWhen I was setting up the Mbanq Labs accelerator in Singapore, I had a chance to talk to many founders and consult a lot of startups.
What was striking to me, besides their eagerness to build their products, is how hard it was for them to clearly articulate the idea of their product in one sentence.
Product Please
Jan 29, 2023...moreProduct is at the center of your startup. Your product is what it’s all about. When I say
product
, I don’t talk about the idea. Idea on its own is worth nothing. Ideas area dime a dozen
- everyone has them but not everyone is able to bring their idea to life.Startup Please
Jan 18, 2023...moreStartups are hard. Successful startups are even harder. Don’t let you tell otherwise. If it wasn’t hard, everyone would be a successful entrepreneur.
All successful startups are product oriented. All successful products are customer oriented, even if the initial customer is the entrepreneur himself.
Why Startup
Nov 10, 2022...moreWhy do people start companies? The reasons are different. Some want to get rich and famous. Some think they can do things better than the others. Some just cannot help it not to be creative.
What all the founders have in common is the
ignorance
. They do not realize yet how hard their journey will get and how many obstacles they’ll have to overcome to build their dream product.For the founders -
ignorance is a bliss
.How To VC after 2022
Aug 1, 2022...moreThe world is changing very rapidly. Markets are crashing, money is disappearing, new unions are being created, the old ones are being destroyed.
The investments are not as they were even a year ago. VC’s didn’t get any wiser but they’ve gotten more precautious. On one hand they have to spend the money cause it’s losing its value every day, on the other hand they cannot spend it on the startups that don’t make any profit.
The Rise and Fall of DKB
Dec 23, 2021...moreAs of today DKB is the third largest direct bank in Germany with more than 3.9 million customers.
After it has introduced the custody fees for the deposits larger than 25.000 Euros and removed its best product - a fee free credit card that could be used abroad free of charge both for payments and withdrawals it’s destined to lose some of its clients.