🚀 Avoid this common entrepreneurial mistake: Get to know your market! One of the biggest mistakes entrepreneurs make before launching their business is neglecting market research, which prevents them from clearly defining their Product-Market Fit. Mathieu Lafarge, Co-founder and COO of Floware, was able to deepen his market understanding with the support of the Leonard team through the SEED program. At Leonard, we support start-ups in the #Construction, #Energy, and #Mobility sectors. One of our key roles is to create connections between the main market players so that startups have all the necessary information before launching their offer. 🔍 Seize the opportunity to shape the future of cities and infrastructure! Applications for the 2025 SEED program are open until October 4th. ➡️ Don't miss your chance: https://lnkd.in/etQpcz3
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You may know Village Capital for our accelerators around the world, but did you know we’re also a lab for developing, testing and sharing new tools, processes, and practices to reimagine how funding gets to early-stage, impact-driven entrepreneurs? Read Village Capital's 2023 Impact Report to discover how our team has been working to support and invest in startups, build better-connected and more equitable ecosystems, and reimagine the impact innovation space. https://bit.ly/41JXQJf
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How many startups have you worked at? Get your copy of the State of Innovation Survey to dive into insights on entrepreneurship at http://tsta.rs/toBx50Tj9fr
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The Essence of Startup Success In my extensive interactions with numerous startup founders, I've observed a common thread: the primary hurdle they face isn't financial capital. Instead, it's the challenge of creating a product that truly resonates with the market. Many entrepreneurs leap into development without thorough market research, often crafting solutions for problems that scarcely exist. Moreover, there's a tendency to seek funding prematurely—before reaching significant milestones, gaining traction, or validating their business hypothesis in the marketplace. These issues form a barrier that often impedes capital raising efforts, leaving founders with products or software that fail to address pressing needs. At Broken Hill Capital, we pledge to guide our entrepreneurs through refining their business models and achieving product-market fit. Our comprehensive support ensures they're investment-ready when it's time to secure funding. We're dedicated to developing content that sharpens our entrepreneurs' acumen, empowering them to create ventures that will revolutionize not just our nation, but our entire region and continent. We are Broken Hill Capital—We are transforming the African startup landscape. 🚀 #JoinTheRevolution #StartupSuccess #Innovation #Entrepreneurship #AfricanTech #MarketFit #VentureCapital #TransformingAfrica #InvestinAfrica #InvestinYouth #investinwomen #brokenhillcapital #brokenhill
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President at the EWA European Women's Association | TOP 50 Global Inspirational Woman | 40 under 40
Building a successful business requires both strategic agility and a growth mindset. As entrepreneurs, we must be responsive to market signals and a willingness to refine products or services based on customer needs is essential for long-term success. In my 15 years of experience supporting startups, I've observed that companies struggle when they become inflexible. So remember, continuous learning and the ability to pivot are the hallmarks of sustainable ventures. EWA European Women's Association #yuliastark #entrepreneurlife #adaptabilitywins
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Our Venture Partner, Ed Robinson, has been working with companies to prepare them for a Series A by providing them with our data-driven benchmarks that help set milestones and ensure businesses are healthy and on track. Here he shares two key metrics across different percentiles: -Monthly Revenue -MoM Revenue Growth. "By leveraging our data-driven approach, we aim to ensure every entrepreneur can understand their performance relative to peers and the market, aiding in strategic planning and roadmapping." #ConsumerTech #StartupGrowth #SeriesA #Entrepreneurship #VCInsights
🚀Series A Benchmarking 🚀📈 Over the past few weeks, I’ve been diving deep with Seed stage founders, helping them benchmark their performance as they start to prepare and think about a Series A financing. At Goodwater, our exclusive focus on consumer tech businesses and our data-driven approach allows us to provide #entrepreneurs with detailed insights into their performance relative to peers and the broader market. This data can help founders set realistic goals, plan product roadmaps, and prepare for the next financing round, ensuring the business is healthy and on track. Here are two key metrics across different percentiles: -Monthly Revenue -MoM Revenue Growth. While there is significant variation due to different business models, and unit economics, benchmarks like these provide a valuable framework for understanding where your business stands in terms of scale and/or growth. What other benchmarks or comparison sets would you like to see for Series A? #SeriesA #Benchmarking #StartupGrowth #SeedStage #Entrepreneurship #ConsumerTech #DataDriven #StartupMetrics #FundingPreparation #BusinessGrowth #RevenueGrowth #Goodwater #StartupInsights #Founders #TechStartups #FinancingRound
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Co-Founder & Managing Partner at Goodwater Capital. Empowering exceptional entrepreneurs everywhere to change the world for good.
💰Trying to raise a Series A round? 📈 It's tough out there. In consumer tech, you'll need $1M in monthly revenue with 78% month-on-month growth to be in the top decile of companies raising. It always helps to know benchmarks. If you aren’t performing well against your peer group, don’t waste your time on fundraising. It will divert precious time away from growing the business. Keep building until you have the metrics to maximize your chance of a successful fundraise. 💪🏼💯🔥
🚀Series A Benchmarking 🚀📈 Over the past few weeks, I’ve been diving deep with Seed stage founders, helping them benchmark their performance as they start to prepare and think about a Series A financing. At Goodwater, our exclusive focus on consumer tech businesses and our data-driven approach allows us to provide #entrepreneurs with detailed insights into their performance relative to peers and the broader market. This data can help founders set realistic goals, plan product roadmaps, and prepare for the next financing round, ensuring the business is healthy and on track. Here are two key metrics across different percentiles: -Monthly Revenue -MoM Revenue Growth. While there is significant variation due to different business models, and unit economics, benchmarks like these provide a valuable framework for understanding where your business stands in terms of scale and/or growth. What other benchmarks or comparison sets would you like to see for Series A? #SeriesA #Benchmarking #StartupGrowth #SeedStage #Entrepreneurship #ConsumerTech #DataDriven #StartupMetrics #FundingPreparation #BusinessGrowth #RevenueGrowth #Goodwater #StartupInsights #Founders #TechStartups #FinancingRound
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We want 𝘆𝗼𝘂𝗿 input! ✍️ The 𝗧𝗿𝗮𝗻𝘀𝗮𝘁𝗹𝗮𝗻𝘁𝗶𝗰 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗥𝗲𝗽𝗼𝗿𝘁, crafted by our Member organisation, Danske Iværksættere - Danish Entrepreneurs, is all about shedding light on the experiences of European and US tech #startups, while uncovering the roadblocks that hinder #innovation and growth. Why exactly should you get involved? Well, your input will provide decision-makers with valuable insights, and could be the catalyst for some major regulatory changes. We're talking about influencing policies, sparking initiatives, and levelling the playing field for startups on both sides of the Atlantic. Sounds like a plan? Fill in their survey, you’ve got until 𝗺𝗶𝗱-𝗔𝗽𝗿𝗶𝗹 rolls around! ⏱️ https://lnkd.in/dCEHqF-z
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𝐃𝐞𝐚𝐫 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫 & 𝐒𝐭𝐚𝐫𝐭𝐞𝐫, Start & Grow Your Business NOW. Join Over 1000 Startups, Professionals & Entrepreneurs in our Business Network and Accelerate your Business to the Next level. Register for FREE here: https://oneshot.sr/ More Information on Cohort 3 of the OneShot Investment Acceleration Program here: https://lnkd.in/eF7PcWyn #Entrepreneurship2024 #businessgrowth #DigitalTransformation #oneshot #transformation
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Expansion can be tricky territory for startups. Here's a checklist of some common pitfalls to avoid: 🔍 Lack of certainty: "I'm sure my product is needed just as much as in the home market" ⏰ Underestimating management time needed: "Key people can handle this on the side of their 50h-week" 💡 Mismatch between ambition and resources: "Let's worry about the finances later" 🗺️ Forgetting to plan" "Let's just run, to as many markets as we can think of" 💭 Over planning: "Let's do a 500-slide analysis without testing in the target market" 🤝 Opportunism: "My cousin's sister just moved to Spain, and she can help us set up an office there" Thank you, Saskia Bekkers - Rademaker for sharing your insights with the #YFP24 Spring cohort! #WesterwelleFoundation #EmpoweringEntrepreneurs
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