Two of Australia’s hottest startups, Unlockd and Prospa, built a business model reliant on a single, external force which ultimately left them vulnerable.
Although it was in some ways a long time coming, it was still incredibly difficult to let go of something that we had put so much into for 5 years and say goodbye forever.
Some say you shouldn’t pitch your business until you’ve perfected your presentation – in reality you also need to gain experience if you want to improve.
Disruption needs construction: startups and new ventures need to invest equal weight in both the offer and experience, while brand thinking needs to sit at the core of business thinking.
I’ve noticed a particular challenge that a lot of us have been grappling with now that Canva is at this particular stage of growth: staying focused and keeping control of our precious time.
So much emphasis is placed on the financial impact of failure, we can forget the human impact – the impact on both founders and on the teams they lead.
Magic Johnson has gone from NBA stardom to opening movie theatres, owning a piece of the Starbucks empire, and transforming the LA Dodgers fan experience.
In relying on one opinion you prevent employees closest to your customers from experimenting, iterating and making decisions to move your business forward.
When you first start your job is to breathe life into your idea, but once you figure out product-market fit, your focus must change from survival to growth.
A successful startup starts with the problem you are solving – and more importantly how you, as the founder connects with that problem.
If you are a startup, you live or die by the quality of the technology you have in your business. You can’t afford to make mistakes with hiring tech talent.
A two-sided marketplace is a marketplace where you have two distinct user groups: you have supply on one side and demand on the other, and generally in a hyperlocal area.