View profile

Founders tips - Issue #59

Revue
 
This week, we had a great shareholders’ lunch with one of our portfolio company: Afrikrea (thanks for
 

Founders tips

September 23 · Issue #59 · View online
Dedicated to early stage Startups by @ivanpetrovic & @hervecuviliez

This week, we had a great shareholders’ lunch with one of our portfolio company: Afrikrea (thanks for the lunch guys ;)
One particularity of Afrikrea, asides its amazing team, is their ability to grow at a remarkable pace with a sizable GMV, and get very close to breakeven point while raising very little cash (pre-seed amount size).
How they achieved that:
1) Being very resourceful. Having a small war chest force you to focus on the most effective initiatives.
2) Sharp on costs. Optimizing the costs in permanently, or try to be more efficient even when it comes to tough HR decisions.
3) Sharp on revenues. While they are committed to deliver a great experience to both their customers and being a trusted and supportive partners for their designers. They are laser focus on their margins. Both can be done at the same time.
To follow up on this, we have added this week a dedicated section to 🚀scale with little 💵.
Also, this week in understanding better VCs an amazing thread from A16Z, you will learn how a great VCs review deals (and it helps to get better too)
A longer tech read today as we need to be sometimes reminded of the most important goals we need pursue when building new systems:
Of course, you should read the rest as well.. or listen to Brad Feld podcast Seed to Scale.



Scaling with little money
The Basecamp Way – Bryce Roberts – Medium
Cluep, a Canadian startup that raised just $500K, acquired for $40M – TechCrunch
50 Big Companies that Started with Little or No Money
A better you
Bezos Unbound: Exclusive Interview With The Amazon Founder On What He Plans To Conquer Next
A better company
Marathon Man – AVC
Improve your tech
Software disenchantment @ tonsky.me
Understand better VCs
Read Martin’s thread (GP at A16Z) will give rare insights on how top VCs are analysing deals and therefore how entrepreneurs should pitch.
martin_casado
1/ My experience is that most pitches go sideways because the investor is lead to believe there is more maturity in a company than their is. And then they leave unsatisfied because there wasn't sufficient focus on the important metrics for the assumed stage.
9:48 PM - 22 Sep 2018
Tweet of the week
Sam Altman
Low burn rate, rapid progress: excellent!
High burn rate, rapid progress: ok
Low burn rate, slow progress: ok
High burn rate, slow progress: disaster, and now common because "we can always just raise more money"...
1:23 AM - 20 Sep 2018
The big read of the week end
A podcast this time, so no excuse ;)
Seed to Scale: Episode 6 Pt. 1 with Brad Feld – Eniac Ventures – Medium
Did you enjoy this issue?
If you don't want these updates anymore, please unsubscribe here
If you were forwarded this newsletter and you like it, you can subscribe here
Powered by Revue