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Here are the five best pieces of founder advice I learned as a host of Found
- Founders should prioritize doing what they dislike most in their company and avoid hiring for this role
- Founders should benefit from a venture capitalist's knowledge but remember that they won't always have the best advice for every startup.
- It is not necessary for startups to be the first to a technological innovation or a new market to be successful.
- Startups need to build their product first and foremost but it's important not to forget to nurture the company around the product.
- Deep tech startups should begin focusing on revenue streams while waiting to launch their main product or services.
- Terradepth is looking to provide ocean floor mapping services to commercial and government customers through a dashboard while awaiting launch.
- Gavin Uberti, the co-founder and CEO of chipmaker Etched, stressed the importance of taking care of employees while quickly building a startup.
- Paul Hedrick, the founder of Western wear company Tecovas, recommends talking to your customer whilst building the company.
- FarmboxRx founder Ashley Tyrner bootstrapped her business instead of pivoting to being a meal kit due to investor pressure.
- FarmboxRx now sends its produce boxes as part of patients' prescriptions, which has become a lucrative revenue stream.
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