Wil Schroter @Startups.com @wilschroter
Founder/CEO, https://t.co/e1tl0L36bA. 9 startups over 30+yrs, 4 exits. Host, Startup Therapy Podcast. Bought 6 VC-funded startups. 24x7 Helping Founders. Love woodworking. startups.com Columbus Joined November 2008-
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Sometimes, we look at the success of others and immediately think we’re falling behind. Remember, success is a process, and we go through it in different phases! Tune in to this episode of Startup Therapy for more: hubs.ly/Q01mSKZZ0
Our careers as Founders often defined by a few key moments.� �
A good pitch deck isn't a single document that we complete, it's a living document that we modify 100x until it tells the story it needs to.
People who say "You should pick your investors" tend to forget that 99% of Founders don't have that option.
There's a big problem with early praise and big hypes at the beginning of a startup, with no assurance of success. Let's discuss why early praise can be a double-edged sword for any budding entrepreneur: hubs.ly/Q01QcbR80
Pick one thing that you never want to do again and stick with it.� It changes everything.
If your startup is about to fail I have great news - In a month no one will remember (or care). In a year you probably won't remember (and hopefully not care). All people care about are their own problems, not yours. It's not as bad as you think.
Problems can't be resolved if we can't see them through someone else's eyes
I got 90% of my life satisfaction from the first $250k I ever made. The delta between "having nothing" and "having anything" is so much greater than anything you achieve afterward. Everything after that is marginal by comparison.
Profit beats investment. Investments run out, profits sustain forever.
Do you feel like the progress of your startup is slow? You need to remember that the seemingly overnight successes you see happening around you are often years in the making. Share this with someone who needs patience today.
Q: What measure of success do you use for your startup beyond revenue?
When startups are in GOOD times, we think it will never change. When startups are in BAD times, we think it will never change. The only constant is that it ALWAYS changes...
There's a common misconception about 'working hard' within startups: Most people think they work hard when, in fact, they hardly work. But how can we possibly measure what hard work truly is? This is how we do it at our company: hubs.ly/Q02tT2Yh0
Saw this awesome quote from Christian Bale "If you have a problem with me, call me. If you don't have my number, you don't know me well enough to have a problem with me."
We need to teach kids about entrepreneurship. Kids still have a pure mindset where they think they can do anything, and it’s important (nay, crucial!) to nurture that. This week on Startup Therapy, we talk about why every kid should be a startup Founder: hubs.ly/Q01nR3Q00
Sometimes the right problem to work on is the problem you WANT to be working on.
So rarely do startups get "beat" by their competition.� Startups lose to their customers, not their competition.
Sometimes companies have employees who start performing poorly. What could be the reason? Whenever there are small problems, there must be a root cause of why it’s happening, so it’s up to the Founders to identify what’s causing it. Tune in for more: hubs.ly/Q01jxf460
Sometimes we make mistakes that turn our startups into ruin.� Other times, we were just in the wrong place at the wrong time.� I'm seeing a lot of the latter.
Andrew Gazdecki @agazdecki
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Tech Tuesdays: @ryanrutan showcases #VideoAsk - the tool you need for better customer interaction. Tune in to discover why it might be useful for your business.
We're working to make sure every Founder Group we build has an equal mix of women to men. If you know of a great female Founder that could use some support, send them my way - [email protected]
@wilschroter Love your honesty.... honesty without being far beyond driven is worthless though. Cheers
@wilschroter Bringing out the Best in People by Aubrey Daniels and Human Performance Technology by Thomas Gilbert.
What industries are going to fail that no one is paying attention to?
@wilschroter Waiting for more answers on this. Although it think it has to do with industries like design due to AI-related reasons.
@wilschroter Just pushed v0.8.8 of the app, which is getting us far closer to open source release. Also, letting us get far more specific about what k-2 classroom and reading intervention should look like. apps.apple.com/us/app/science…
@wilschroter Hand written notes from the CEO or Founders on Crane stationary
@wilschroter @LewisHowes @thesamparr @AndrewWarner @danmartell @agazdecki You’ve always had impeccable taste 😎
@DenehyXXL @wilschroter I'm interested in helping these companies (15 years enterprise software GTM, partnerships and product) if you can make an intro.
@wilschroter Hey Wil, discovered you today, from Andrew, pretty informative. Thanks.
@wilschroter It takes an insane amount of dedication to build something from nothing.
@wilschroter Yeah that is totally right. Everyone needed 12-24 mos to fully reset. My point is that the market is now awash in companies who did the reset but are not back on any sort of path to either high growth or high profitability.
@wilschroter Angie checks the date... *blinkblink* February ?
@wilschroter actually, several: start small and focus talk to users, and iterate quickly understand your market be frugal hire slow, fire fast build a strong team speed matters product-market fit is key
@wilschroter Stay lean and stay alive no matter what.