The place where startups are born and developed in Ruse, Bulgaria. Co-working, events, coaching, access to finance and resources. Find your working place here.
Ruse, Bulgaria
Joined March 2015
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Startup Factory retweeted
3/3: 🙌🏼🤝 Unforgettable three days spent with a wonderful person, @KatalinaOoma, who seamlessly bridges traditional painting and digital illustration. Special thanks to the great people at @Factory_Startup for organizing this amazing event! #DigitalIllustration #Networking
Startup Factory retweeted
Beyond the hype, #Web3 opens the gate to new business models.
What comes in the peer-to-peer value exchange and ownership-led model will be discussed in this panel at #BlackSeaChain by @EmoEnev, @vinceMeens, @DisruptingForce & Dr Agata Slater
The future is decentralized.
Startup Factory retweeted
Shout out to @recheck - one of the most active blockchain companies we know! They build blockchain products - CO2 monitoring, wallet, SDK... they are developing the European Blockchain Services Infrastructure - @EU_EBSI, they are powering the @Factory_Startup ...and what not!
Startup Factory retweeted
Many first-time founders w/o truly deep domain expertise start off seeing the world today (2018)
It then takes 6-9 mos of learnings to see where the world really will be
And then 12 months after that to get a true sellable product in market
So -> 24 mos to get somewhere good
Startup Factory retweeted
A great salesteam is almost a guaranteed pick-me-up for any startup.
The energy of winning deals reminds everyone that are building something real, that matters.
Sometimes hard to tell staring at a monitor.
Startup Factory retweeted
If you are successful, it’s almost always because some people went out of their way to help you. You have a moral obligation to pay it forward.
Startup Factory retweeted
The weak VCs spend most of their time with LPs
The mediocre VCs spend most their time with other VCs
The good VCs spend most of their time with entrepreneurs
The greatest VCs are the entrepreneurs
Startup Factory retweeted
Your VCs aren't the boss. They should work for you. But 10 ideas to keep them calmer, happier -- and on your side:
1-/ Respond to emails. You don't need to take their suggestions. But do reply.
2-/ Send out monthly updates, and quickly. Instills confidence.
Startup Factory retweeted
It's a huge risk building on top of someone else's platform
They can take it away, charge a ton for access later, and in general, change the rules on you
But what you get back is scale, if you do it right
So the question I just ask is, what's your back-up plan?
Startup Factory retweeted
One of the toughest management lessons for most very driven founders to learn is you have to go into battle with the troops you have
You have to play to your team strengths and just augment their weaknesses
Picking on those weaknesses is a recipe for disaster
Startup Factory retweeted
Make the email shorter, get to the point faster, and don't be shy about followup.
Startup Factory retweeted
In innovation & entrepreneurship the most difficult thing is not to figure out what to do, but what to do next/first.
In a context of constrained resources & high uncertainty getting the next step right can be the difference between success & bankruptcy/failure! – at Zermatt, Switzerland
Startup Factory retweeted
Runway is not just a number on a dashboard—it’s the time every founder has left until they
1/ Raise the next round on strong metrics
2/ Are profitable and alive by default
3/ Shut down
Every action and decision drives to one of these 3 outcomes. Choose wisely. 🤞
Startup Factory retweeted
You can be wrong on a lot of decisions if you are really right on a few huge ones. Optimize for the magnitude of your good decisions, not the percentage of the time you are right.
Startup Factory retweeted
The One Biggest Error in Customer Interviews: Mistaking Opinions For Facts buff.ly/2GS1Z36
Startup Factory retweeted
Don’t go into innovation & entrepreneurship if you don’t have an extremely high tolerance for humiliation. Tons of people, even potential customers, will mock you until you get it right... the entrepreneurial journey to success is long & difficult! – at Le Grand-Saconnex, Suisse
Startup Factory retweeted
Wow, @a16z podcasts are just fantastic. I generally think that entrepreneurs and investors discuss the intricacies of the go-to-market phase too little, especially in the nordics, which is why this podcast by @martin_casado makes me so happy a16z.com/2018/02/24/category…