All posts tagged adeo ressi

  • Do you really want to boil the ocean?

    Boil the oceanThroughout my professional career, I’ve observed how those with tons of resources and outsized ambitions, try to execute Hail Mary initiatives with very limited results. On the other hand, focusing on high quality, low quantity results (e.g., get a few fanatical users of a product versus thousands of site visitors), is much more effective. Later, they are able to build upon these successes.  Startups should really resist the temptation and pressure to ignore this key principle in pursuit of the “boil the ocean” strategy.

    I’m still surprised by the strong voices that startup founders hear leading them down a road that will dilute their efforts and produce negligible or incredibly costly results.  These voices take the form of their own desires, of criticisms for not being ambitious enough or “thinking too small.”  My personal experience has been anecdotal, but there are actual studies that confirm this even more.

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  • Founder Institute rising.

    Adeo Ressi Entrepreneur Magazine

    The latest issue of Entrepreneur Magazine just came out and it was great to see Adeo Ressi, creator of the Founder Institute, on the cover.  In this issue, he, along with other entrepreneurs talk about the characteristics of a startup founder. The print version of the magazine also has some sample questions so that you can take a quick version of the Founder Institute test to determine (initially) if you have entrepreneurial DNA.  The full version of the test can be taken here.

    For accelerators, it’s important to be very careful in selecting the candidates  with whom they will be working.  Most, such as YCombinator, choose based on a number of criteria that they discern from an online application and in-person interview.  As I mentioned in an earlier post, the Founder Institute decided to use an online aptitude exam that tests for a variety of characteristics.  It’s an interesting and unique approach.

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  • Traits of successful startup founders outside of Silicon Valley

    Founder Institute Colombia mentors I think few would argue with the affirmation that creating a startup in Silicon Valley is a different experience versus creating it anywhere else.  Sure, building a successful business presents the same challenges, but the environment in Silicon Valley provides many benefits.  Nonetheless, everyday there are more and more examples of successful startups created elsewhere.  From SnapChat in Los Angeles, Etsy in New York to Allibaba in China and Flipkart in India.  These founders have a lot of the same characteristics even though the environment where they create their companies is a dimension away from the environment in Silicon Valley.

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  • $3M invested in Founder Institute Colombia Graduates!

    Founder Institute Grad Logo

    The Founder Institute continues to grow globally.  It’s amazing to realize that I’m going on my fifth year as Director of the Founder Institute (FI) in Colombia.  In 2011, there were relatively few cities with a Founder Institute chapter and I was really determined to make sure that Colombia be the first Latin American country to have one.  By then, I had sat with a lot of Colombian entrepreneurs and knew that they needed help from the moment of conception.  Well that dream was realized and, with the amazing help of Adeo Ressi, the incubator’s founder, graduates of the program in Colombia have already received over US $2M in funding. This is unheard of for any startup accelerator or incubator in this country.

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