Redi.Health’s Post

"Why are you the right person to build this venture?" "You should consider spending 1-2 years in this industry before building for it". I so wish I had a dollar every time I got to hear these. Jokes apart, this is the typical "Founder/Market Fit" question anyone would want an answer to before taking a bet on you. I met a close friend Nikhil Mehta yesterday. He is a fellow founder building straight out of college, just like me. Neither of us have full time experience working in any industry, let alone in the respective domains we're looking to disrupt. Nikhil shared a very insightful & interesting article, written by Felix W. Schmitt, which discusses that most successful founders don't have any directly relevant work experience in the industry they disrupted. Here are my key findings from the article - 👉 Less than 50% of founding CEOs and fewer than 30% of founding CxOs of billion-dollar companies had much work experience in their startup's industry 👉 Only 40% of enterprise tech founders and 30% in consumer startups had directly relevant industry experience 👉 75% of founders in healthcare and biotech had relevant experience, contrasting sharply with tech sector 👉 Research shows no success rate difference between founders with or without industry experience 👉 Among unicorn startups, a significant number were started by founders with little to no relevant industry experience This was a surprising & refreshing piece for me. Experienced founders know trends, best practices and have industry connections which do help a lot. Outsiders bring in fresh perspectives free from any assumptions and biases. What do you think is an unfair advantage? I would love to know your thoughts on the same, and your definition of "Founder/Market Fit". The link to the article is in the comment section. #startup #founders #markets #entrepreneurship

LEAD3R has you covered! Our Startup Studio is designed to help startups succeed. With extensive experience as serial entrepreneurs, climate tech executive search firms, and advisors, we have identified the critical patterns that can either make or break a startup journey. At LEAD3R, we leverage our expertise to support startups in overcoming these challenges and maximizing their growth potential. ✅ Leadership and Culture ✅ Operational Assessment and Scaling ✅ Talent Management ✅ Advisory Support If you're a startup looking to scale and thrive in the climate tech space, we're here to help you succeed! 💡 Click here to schedule a meeting: https://lnkd.in/eEPbBUHD #StartUpStudio #ClimateTech #Leadership #TalentManagement #AdvisorySupport #Entrepreneurship #SuccessFactors #LEAD3R

"The only job lonelier than CEO is that of a startup CEO." 😔💼 You need advice and support, but the ad hoc meetups and online peer groups are probably not enough. 🚶♂️🤔 This article outlines how to find a coach who is a good fit. 🕵️♀️👍 Also, it makes the case indirectly for joining an intentional community like our Wisdom Partners Forums. 🌐🤝 Never climb alone. 🧗♂️🚫 Read more here: https://ow.ly/yxc050R4TWm #StartUpLife #LeadershipAdvice #BusinessGrowth #Startups #Founders #Scaleup

Startups, they're like life's bold disruptors, challenging every assumption you've ever made. Having journeyed through the corridors of large organizations, I've seen the magic of best practices elevating people's game. They usually work, except... When I ventured into the startup realm. I naturally grabbed solutions that had proven effective elsewhere. But, here's the twist – many of these practices crashed. Why? Because I overlooked four crucial questions: Clarity of the end: - What's the big picture you're aiming for? - Why does it matter to you? - What value would it add? Growth Stage:   - What phase are you in? Early days or full-throttle growth?   - What tops your priority list right now?   - What's a non-negotiable for your journey? The Uniqueness of what you are building:   - Are you following a well-trodden path or penning a story never told?   - What external factors shape the org narrative?   - What's the origin story of your business? Assessing Your Preparedness   - Are you diving into something already mastered or creating a brand-new impact?   - What if you try implementing a strategy meant for leaders when you're still finding your own footing? Pause, and reflect on these questions. It works not just for startups but echoes the profound truth in life's grand narrative. Life, much like startups, doesn't come with a playbook. There's no universal success manual. But you can always write your own. Have an Xtraordinary day!

6 MassChallenge #Experts and #Alumni weigh in on their top tips for Early Stage founders in 2024. ☝️ Learn from their experience now: https://hubs.li/Q02kdDvP0 Hear from: 🧠 #CEO and Founder of InnoPsych, Dr. Charmain Jackman, Ph.D. on the struggles her startup faced in its early stages, and her top 3 recommended #FocusAreas 📈 #GrowthandScale Expert Shanthi Ramakrishnan on understanding beyond the customers' needs and the most valuable product, versus just #MinimumViableProduct 🩻 #MedicalDevice Expert Michelle Wu on the different forms of traction such as #testimonials, letters of intent, etc. 🥇 Ranked among the world's top three accelerators, MassChallenge is the only top-tier accelerator that supports startups for #NoCost and #NoEquity, equipping bold entrepreneurs to disrupt the status quo and create meaningful change. Tag or share with an #EarlyStage founder! #founders #startups #accelerators #acceleratorprogram #masschallenge #earlystagestartups Bryetta Calloway Dan Trefethen Chaya Pomeranz-Sherman Jason Park Robby Bitting Tiffanie Tovar Chris Bauer Jessica Angeles Mark Newberg Devon Campbell Hannah M. Le

𝙎𝙩𝙖𝙧𝙩𝙪𝙥𝙨, 𝙄𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣, 𝘼𝙄 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙎𝙝𝙞𝙛𝙩 🌎 I’ve been lucky enough to have a very diverse career – one where I’ve played many roles in a number of organizations – instructor, startup CMO, entrepreneur, consultant, and most recently building an extensive startup portfolio for a corporate giant. This last one helped shape and solidify some of the things I've learned about entrepreneurship and innovation over the course of my career. Working inside one of the world’s largest tech companies, I've lived with the synergies and tensions that exist between both big corporations and startups. As a serial entrepreneur turned innovation exec and portfolio manager I was tasked with creating and driving initiatives to help startups scale and corporations to innovate. I experienced firsthand the pressure of business expectations – profitability, revenue, growth – on the innovation process of cutting-edge companies. ⏩ This helped me identify a crucial mindset shift that will be essential for building and sustaining successful ventures in the future – a mindset that propels growth and innovation while ensuring profitability and scalability. I want to help shape a new standard for the next generation of innovators and founders to employ in navigating an increasingly uncertain and dynamic future. 🗓️ Over the coming months, I’ll be posting my thoughts on the shifts we’re seeing in the startup, innovation, valuation model, and cultural ecosystems. I look forward to having you join me on this journey. 💡 Let’s talk! 💬 #Innovator #ThoughtLeader #EntrepreneurialJourney #Productivity #Shift #NextGenLeaders #DesigningTheFuture #Startups #BuildingBrand #InnovationStrategy #Marketing #Management #Technology #Motivation 

Last week I promised a few announcements were incoming... 😅 Today, I'm excited to share the first, but definitely not the biggest 👀 (You'll have to wait until tomorrow for that one) We're going to be 5 years old this year... so it was high time we took a look at ourselves so we could answer the questions: 1️⃣ What are we helping companies to achieve? 2️⃣ What problems are we solving? 3️⃣ How do we solve them? 4️⃣ What impact has our work had for our clients? 5️⃣ Who are we and what do we stand for? So, I'm very pleased to say that we have an answer for all of them, and after a lot of hard work, you can now head to our website (link in comments) to find out all of them. Thanks also to those who answered my poll the other week, we settled on: 💪 We enable companies and their people to reach their full potential 🙌 People leaders solving people challenges for ambitious scaling businesses Tomorrow is going to be an even bigger announcement in our journey, but for now would love feedback on the site #peopleops #startups #humanresources #peopleandculture

In the world of startups, success hinges on a few critical factors, and I'd like to share some insights with all you forward-thinking leaders: 🎯 Market-Product Fit: It all starts with understanding your audience. Talk to your ideal customers early in the game. Ask open-ended questions and listen closely to grasp the depth of their problems. How big is the problem you're solving? Tailor your solution to fit like a glove. ⏰ Timing Matters: When you raise seed capital can make or break your startup. Equally vital is choosing the right investors. Seek backers who align with your vision and can offer more than just funds—strategic guidance and a network that propels you forward. 🤝 Finding Co-founders: In the startup world, ambiguity is the name of the game. You need partners you can trust by your side. Finding that perfect co-founder can be a game-changer. However, don't be discouraged if you can't find the one. Going solo is a viable path too, and it's okay! 👌🏻 🏆 Marginal Improvement: Success isn't always about making giant leaps; it's often the result of consistent, daily efforts. Know your "why" – the driving force that keeps you going when challenges arise. Keep pushing forward, step by step, day by day. Startup life isn't a cakewalk, but with the right mindset, timing, and allies, you can turn your vision into reality. Remember, every day is an opportunity to make that incremental improvement that brings you closer to your goals. 🚀💼 #StartupSuccess #BusinessLeadership #SoftwareStartups

Are you driving your idea or are you driven? If i summarize all my experience of creating, managing or consulting for start ups in the country and beyond: i would simplify there’s only two type of founders: Founders who drive, and founders who are driven (by ecosystem). Founders who drive care less about the ecosystem, the norms, or what the angel investors suggest: they simply drive their idea forward, and whenever they see roadblocks, they pivot quicker than driven founders, because they have less people to report to. They are not driven by the so called “Unicorn” or “Billion dollar business” goals: that was never the intent from the beginning, they simply wanted to solve a problem they’re passionate about. They are never short of funding since they are the real deal/ Unfortunately the driving ones would be less than 10% of the population. Founders who are driven always seem to be more intent on pitch deck, ecosystem, PR events, dialogues and other unproductive activities that will never solve the actual problem, rather delays their timeline to solution. Their presentations are full of big ideas, investment friendly jargons, sustainability and all the current trends that are important in the “ecosystem”: it seems they are more driven by the “start up lifestyle” rather than the “solution”. Nothing wrong with it, it’s a choice and everyones’ free to engage in what they like: problem is it distracts the industry in totality. I’m not trying to demean the ecosystem or all the activities that are done to support the start ups: im simply asking the founders about their choices. While we talk about the Elon Musks, Joomshaper or the Tata’s of the world: do we see these founders going to start up awards, talking in motivational shows or simply or going into events because they are important? They’ve always continued to solve the problem, and drove the industry around them since they are the handful. So to those who are looking to be involved into start ups; what kinda founder you aspire to become: The driving founder or driven founder? #ReanRahman #startup #startupfounders #Bangladesh #ecosystems