Another eye-opening expert office hour in the books with the insightful Collin Wallace! Collin is a partner at Lobby Capital and the former Managing Director for Techstars Silicon Valley, where he launched the first two Techstars accelerator programs in the Bay Area. Before becoming an investor, he was a serial entrepreneur in the Food & Beverage industry. His first company, FanGo, was acquired by Grubhub in 2011, where he served as Head of Innovation. In 2019, Collin co-founded ZeroStorefront (YC W19), a data analytics platform for restaurants, which was acquired by Thanx in 2022. With such an impressive track record, Collin shared the invaluable lessons and insights he has gained, including how to find Product Market Fit. Key messages to take away for any founder: ✅It’s all about knowledge arbitrage ✅Ensure Product Channel Fit, not just PMF ✅If it didn't work before, focus on what is different now ✅Cut assumptions into a binary tree & truncate from there ✅Focus on Fidelity vs Quantity #entrepreneurship #founder #productmarketfit #businessdevelopment #earlystage #galvanizer #2024cohort
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🍴 Feeling overwhelmed by the prospect of launching an F&B startup? 📈You're not alone. Many face similar challenges due to the lack of essential guidance and tools. 🌟But fear not – at Taste & Trade 360, we're dedicated to providing the support and resources you need to thrive in the competitive food industry. 🚀Let's navigate the road to success together! #StartupSupport #FoodIndustryInsights
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"Exciting insights from Anna University's Business Model workshop for startup cafes! Delving into key strategies to innovate and sustain in the competitive cafe industry has been enlightening. Ready to apply these business model frameworks to create a thriving cafe venture!" "Building a successful business model requires understanding your market, creating value, and delivering it profitably." "A robust business model is not just about revenue streams; it's about creating sustainable value for customers and stakeholders alike." #annauniversity
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🌅 "The early bird catches the worm." A German saying that perfectly encapsulated my morning at the Startup Breakfast @KölnBusiness. Starting bright and early at 8:30 AM and stretching well past the official end time, the discussions were too engaging to cut short! I had the pleasure of diving into deep conversations with several innovative leaders and startup founders, among them Jerome Pagnier of WiseFins and Leon Lehnen of UNTRUST. Here’s a brief glimpse into the connections: 🔹 Jerome Pagnier - Co-founder of WiseFins Jerome's journey from the hotel industry to leading a SaaS company that helps F&B businesses increase profits by 15% using data analytics is truly inspiring. It’s fascinating to see how his commitment to sustainability drives his mission. I'm excited about exploring how VirtusNova can support WiseFins within the scope of marketing and help enhance their reach in boosting sustainability. 🔹 Leon Lehnen - Head of Sales at UNTRUST Our shared background in sales sparked an instant connection; discussing topics from CRM enhancements to internal communication. Leon’s passion for bringing transparency and fairness to commerce through UNTRUST is something I deeply admire. I look forward to further collaborations and bringing our shared visions to life. It's mornings like these that fuel my passion for the vibrant startup ecosystem and reinforce the value of connecting, sharing, and growing together. Let’s keep the momentum going! #Entrepreneurship #StartupLife #Networking #DigitalMarketing #SaaS #VirtusNova
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What's On The Minds Of Startup Food & Drink Brands? 🤔 Check out some of the stats from our Startup Summit Report, in collaboration with Joelson | B Corp, and see what the community is saying are their biggest challenges and concerns 💭 Download the full report here: https://lnkd.in/e6U2kZcs Jason Gibb Tara Mei Sarah Morrissey Jacob Lodge Paul Chiappe
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Check out this recent article via Bloomberg about the current state of food startups, featuring commentary from one of RSM’s consumer products senior analysts, Mike Graziano (subscription req’d):
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2x Founder | 1-Exit | Angel Investor | Generated $450M+ Revenue | Experienced CEO | VP Growth @ 8fig
What can B2B startups learn from Liquid Death? I first encountered the water can with Roei Yellin on the rooftop of a SVB event in Austin, we both passed on it because it was too early in the afternoon to drink and we literally taught it was an alcoholic beverage. Ever since that encounter, I got extremely curious on how the company does it's go-to-market. There are so many things that startup founders in B2B can learn from this consumer packaged goods brand.. Here are just a few 👇🏼
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And that's a wrap, folks! 🎬 Our accelerator's grand finale pitch competition was nothing short of spectacular, capping off an amazing journey for our regional and international cohorts. 🌟 🥁 Drumroll, please for our winners who dazzled us with their innovation and panache: 🏆 C13 Regional Winner: Flavorish Forget about losing those scribbled recipe notes and missing out on meal magic. This pioneering platform allows you to capture and curate recipes from anywhere—Instagram, TikTok, YouTube—you name it, into one sleek digital cookbook. Ready, set, cook! 📖 🥘 🏆 S8 International Cohort Winner: VibroFloss Inc. This isn't just flossing; it's an oral revolution with controlled vibrations and AI-powered analysis that not only cleans but coaches you to a dazzling smile. Who knew tech could make flossing fun? 🦷🪥 Hats off to Flavorish and VibroFloss for cooking up and cleaning up the competition with their cutting-edge solutions. 👏 We are excited to see how both companies will continue to impact their industries and improve our daily routines. 💯 And, of course, a huge shout-out to all our incredible founders for another fantastic cohort! 💚 We’re excited to see the amazing paths you'll carve out. Rest assured, we’re here on the sidelines, cheering you on every step of the way! 👏 #TreefrogAccelerator #YorkRegion #PitchCompetition #Flavorish #Vibrofloss #Pitching #BusinessAccelerator #Startups
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Check out this recent article via Bloomberg about the current state of food startups, featuring commentary from one of RSM’s consumer products senior analysts, Mike Graziano (subscription req’d):
Boom Times Are Over for Food Startups, But That's a Good Thing
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Check out this recent article via Bloomberg about the current state of food startups, featuring commentary from one of RSM’s consumer products senior analysts, Mike Graziano (subscription req’d):
Boom Times Are Over for Food Startups, But That's a Good Thing
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Please share onward to anyone at the early stages of a food/drink/non-food business and seeking to learn how to grow. MANY THANKS 🙏. I'm thrilled to be speaking at Bread and Jam's Startup Summit on 23rd May. Check it out at: https://lnkd.in/e5tc2qEF I'm a HUGE fan of Bread and Jam as they create a wonderful environment for founders and scaling businesses to network and share experiences to grow together and learn from the mistakes and experiences of others. This event is pretty unique, designed for startups looking for their first listing and to scale up fast. There will be 20x successful FMCG founders and industry experts share their experiences of launching their own products plus an opportunity to pitch live on stage to buyers from Whole Foods, Selfridges and Macknade. Everyone in the FMCG sector knows what a rollercoaster it is to grow a business through the launch and scale-up phase. Finding a network who can celebrate with you, commiserate when things go wrong and pass on support and advice makes a huge difference. If you are planning on coming along to the event as a lone founder, arriving on your own. I'm confident that you will leave with a smile on your face, a head filled with ideas, a heart which has been reassured (it isn't just you that finds this all baffling) and most importantly a few phone numbers of like-minded founders... who knows these people could become confidants and friends for life.
Startup Summit 2024 — Bread & Jam
breadandjamfest.com
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AI Product Strategy | Healthcare | Insurtech
2moLots of great insights from Collin. "It’s impossible to reject your ignorance while retaining your arrogance." - another wise piece of advice.