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10 Insights for a Scalable, High-Growth Business — David S Rose

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David S. Rose is an Inc. 500 CEO, serial entrepreneur, super angel investor, best selling author and keynote speaker who has founded or funded over 100 pioneering companies.

Published in: Business

10 Insights for a Scalable, High-Growth Business — David S Rose

  1. 1. Powered by The Startup Checklist
  2. 2. This presentation consists of highlights from the interview with Moe Abdou, founder & host of 33voices®.
  3. 3. David S. Rose is an Inc. 500 CEO, serial entrepreneur, super angel investor, best selling author and keynote speaker who has founded or funded over 100 pioneering companies. He has been described by Forbes as “New York’s Archangel”, by BusinessWeek as a “world conquering entrepreneur”, by Crain’s New York Business as “the father of angel investing in New York”, and by Red Herring magazine as “patriarch of Silicon Alley”. David S. Rose @davidsrose Super Angel Investor
  4. 4. A business idea without a business model is akin to having an expensive hobby. Use the business model canvas to describe, design and clarify your thinking. Insight #1
  5. 5. Insight #2 Just as Thinking Fast and Slow connects the way we think, Moving Fast and Slow drives the first phase of your startup:
  6. 6. Insight #2 Just as Thinking Fast and Slow connects the way we think, Moving Fast and Slow drives the first phase of your startup: Be SLOW and deliberate in analyzing your idea before you dive in
  7. 7. Insight #2 Just as Thinking Fast and Slow connects the way we think, Moving Fast and Slow drives the first phase of your startup: Be FAST in designing and testing your prototype
  8. 8. Insight #3 When you understand that initial prototype — Minimum Viable Product — is intended to elicit feedback and experiments in the marketplace, you’ll never stop listening and iterating.
  9. 9. Insight #4 If you’re serious about building a REAL business, it’s wise to get expert legal counsel and to incorporate as a Delaware “C” Corporation for Protection and Investment purposes.
  10. 10. Insight #5 Above all, Integrity is the highest responsibility of a founder and her team.
  11. 11. Insight #6 These three characteristics (combined) improve the odds of a startup business model being truly scalable:
  12. 12. Insight #6 These three characteristics (combined) improve the odds of a startup business model being truly scalable: You have to be able to start small
  13. 13. Insight #6 These three characteristics (combined) improve the odds of a startup business model being truly scalable: Your marginal costs must drop over time so that each additional dollar of revenue costs less than the previous dollar
  14. 14. Insight #6 These three characteristics (combined) improve the odds of a startup business model being truly scalable: Your scalability needs to be built into your business model, rather than relying on any special exogenous factors
  15. 15. Insight #7 As the Founder, Be Cautious as not to allocate initial equity equally. Instead, focus on assigning relative value to the expertise that each member brings to the overall business.
  16. 16. Insight #8 Early on as a founder, opt not to believe your own hype; it’s a slippery slope between arrogance and pride. Try instead to let reality be your ultimate measure of progress.
  17. 17. Insight #9 Advice from Rob Hayes, First Round Capital: What should {early stage founders} be doing early on?
  18. 18. Insight #9 Advice from Rob Hayes, First Round Capital: What should {early stage founders} be doing early on? Hire the right people
  19. 19. Insight #9 Advice from Rob Hayes, First Round Capital: What should {early stage founders} be doing early on? Don’t run out of money
  20. 20. Insight #9 Advice from Rob Hayes, First Round Capital: What should {early stage founders} be doing early on? Always have a North Star
  21. 21. Insight #10 Pitch Tip | Your potential investor wants to know how you’re going make Money, so be clear on your business model and don’t confuse it with your product.
  22. 22. Reflect As a founder, how would you describe your three most important responsibilities? tweet us!
  23. 23. Get the book
  24. 24. DIG DEEPER Over 1,000 free interviews and perspectives on company building and life design Sign Up Join our staff-curated weekly highlights, enter weekly giveaways, submit questions to our guests, and use our notes feature. Coaching We partner with you to help you implement the learning & execute the strategies from our distinguished roster of thought leaders, founders and CEOs. Get Answers Ask our expert panel of thought leaders, founders and CEO’s your most pressing question about scaling your business or elevating your life. Register Free Learn More Ask a Question
  25. 25. CONNECT WITH US Tell us what you think Jenna@33voices.com Presentation by Chase Jennings Insights by Jenna Abdou
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