Yesterday, I pulled up on the Goodie Nation crew for this year’s Intentionally Good Summit, just ahead of Venture Atlanta Conference. Loved catching up with peers and making new connections, but the tone of conversation in the room was what really caught my attention. Very intriguing dialogue amongst Founders, Investors, and others in the start-up ecosystem. Here are a few key takeaways: 1️⃣ Don’t obey your thirst | While the idea of capital is attractive and (in most cases) necessary, do as much as possible without it. Dilution can be a slippery slope. 2️⃣ DEI initiatives are on life support; find another way | This is worthy of a separate post. More to come. 3️⃣ Readiness is (even more) paramount | Given point 2 (and other environmental considerations), there is an even greater emphasis on knowing your financials, having an airtight model, and a clear value proposition if you are seeking funding or other types of support. Bonus: Build a dope team. Trust is expedited by the track record and capabilities of your team. #startup #investing #tech #goodienation
So much of this resonates. In the middle years of my business ownership, dilution was *very* appealing but I am so grateful I chose to stay the course and build a bit slower to avoid it. It was so worth it in the end, both from an equity standpoint at the time of acquisition and from a learning opportunity standpoint (and these are lessons I’ll carry with me long past acquisition). And your bonus tip is🔥 (nothing is possible without a dope team)
Thank you for attending! 👏🏾
Founder & CEO, 37X Digital Marketing Firm | AI Expert Consultant and Implementer| Speaker
1moHow was it? I couldn’t make it :(