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MenuHow can a failed 25 year old EdTech entrepreneur find a job?
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You might be able to share this and teach courses on Udemy! This is what I do and it works really well! A year ago I was at the brink of losing my startup and now I have transitioned to teaching 18 courses on Udemy full time. You are welcome to chat with me for a few minutes to see where your biggest opportunities might be on Udemy.
Before I dive deeper, I would like to know what makes you think that everything has fallen apart since last 8 months? If it's about being left out with minority stake in business post 2 rounds of funding then things could be discussed.
If it's about some planning and execution problem then the same could be discussed as well. Feel free to DM the details so that I could provide some relevant advice.
Victor, that's an impressive accomplishment no matter how you look at it. Don't allow yourself to spend much time being upset with yourself for things you could've done better, or for mistakes you made. All of your experiences with Unius will serve to make you THAT much more qualified to get a great job once you decide to make your career move.
Sell yourself and your failure experience. I've learned more from my failures as an entrepreneur than I have from my successes. I've learned which mistakes I'll never make again and that's a powerful lesson. The face that you've gone through the process of creating a business that obtained funding and brought in sales and accolades, sets you miles ahead of most people in our industry. It's time bounce back.
I've been EdTech for the past few years now (in similar businesses to Unius), and would love to give you some insights on how I just landed a major career move for myself.
Simple answer but don't ignore posting a profile on LinkedIn. We do all of our recruiting for clients there and it's where we find all of our own talent. Your experience is valuable. Use strong keywords throughout. You never know what companies are looking for.
If you are still looking to find a job and want to chat I'd be happy to offer up a "gifted" call to discuss. I have had some experience networking, moving within a company, and making an exit from the corporate world. I'm in Thailand now but I'm sure we could find a time. Just let me know.
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What is the average series A funding round at pre revenue valuation for a enterprise start up w/cutting edge tech on verge of our first client.
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What do (bootstrapped) startups offer to new sales hires? Commission only? What are some good examples to keep people motivated and still survive?
Generally bootstrapped startups should avoid salespeople, for a few reasons: a. they typically can't afford the base and overall comp required to attract sales people who can actually sell / or afford to support them with marketing, management, etc b. it will be very difficult to find the rare person with the right mix of sales and startup DNA along with the critical domain knowledge, consequently the startup is likely to settle c. the founders need to be very involved in the selling and customers will demand it That said, if the plan is still to hire a salesperson, find someone who has demonstrated sales success in startups and is excited by the early stage in company building. Create a comp plan heavily leveraged on sales results (unless you are in an industry where 100% commission is a common practice, would recommend against $0 base as this creates the false impression that your hire isn't passing time with one company while looking for another job with a richer comp plan - you want your rep focussed). Sell the vision and opportunity to be part of a growth story. I have written a several blog posts on hiring sales people into start-ups. You might find these useful: http://www.peaksalesrecruiting.com/ceo-question-should-i-learn-to-sell-or-hire-a-sales-person/ http://www.peaksalesrecruiting.com/start-up-sales-and-hiring-advice-dont-stop-selling-once-you-hire-your-first-sales-rep/ http://www.peaksalesrecruiting.com/hiring-start-up-sales-reps/ http://www.peaksalesrecruiting.com/startups-and-salespeople/ Good luck!Eliot BurdettEB
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For every success story in Silicon Valley, how many are there that fail?
It all depends on what one decides to be a definition of a "success story." For some entrepreneurs, it might be getting acqui-hired, for some -- a $10M exit, for some -- a $200M exit, and for others -- an IPO. Based on the numbers I have anecdotally heard in conversations over the last decade or so, VCs fund about 1 in 350 ventures they see, and of all of these funded ventures, only about 1 in 10 become really successful (i.e. have a big exit or a successful IPO.) So you are looking at a 1 in 3500 chance of eventual venture success among all of the companies that try to get VC funding. (To put this number in perspective, US VCs invest in about 3000-3500 companies every year.) In addition, there might be a few others (say, maybe another 1-2 in every 10 companies that get VC investments) that get "decent" exits along the way, and hence could be categorized as somewhat successful depending on, again, how one chooses to define what qualifies as a "success story." Finally, there might also be companies that may never need or get around to seeking VC funding. One can, of course, find holes in the simplifying assumptions I have made here, but it doesn't really matter if that number instead is 1 in 1000 or 1 in 10000. The basic point being made here is just that the odds are heavily stacked against new ventures being successful. But that's also one of the distinguishing characteristics of entrepreneurs -- to go ahead and try to bring their idea to life despite the heavy odds. Sources of some of the numbers: http://www.nvca.org/ http://en.wikipedia.org/wiki/Ven... https://www.pwcmoneytree.com/MTP... http://paulgraham.com/future.html Here are others' calculations of the odds that lead to a similar conclusion: 1.Dear Entrepreneurs: Here's How Bad Your Odds Of Success Are http://www.businessinsider.com/startup-odds-of-success-2013-5 2.Why 99.997% Of Entrepreneurs May Want To Postpone Or Avoid VC -- Even If You Can Get It http://www.forbes.com/sites/dileeprao/2013/07/29/why-99-997-of-entrepreneurs-may-want-to-postpone-or-avoid-vc-even-if-you-can-get-it/Mahesh Bhatia (Early-stage pitch decks)MB
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My 2 favourite are: - www.uxpin.com - www.flinto.com Flinto is by far my favorite for mobile. I also us www.balsamiq.com for anything wireframe. Sometimes I jump into Sketch http://www.bohemiancoding.com/sketch/ for more high fidelity mockups using their Mirror feature http://www.bohemiancoding.com/sketch/mirror/ Hope that helps. P.S. There's a tonne of Mobile UX experts on Clarity, many $1/min - call them, you'll learn so much. my2cents.Dan MartellDM
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