All posts tagged founder institute

  • These top startup CEOs from Colombia have created over $250M in shareholder value

    Colombia-startup-snapshot-2015

    Note: I updated this post with the actual interviews. It goes without saying that I’m extremely proud of being able to interview these 5 awesome entreprenuers in order to provide a great 2015 snapshot of some of the country’s top CEO/founders at this point time (think of it as a time capsule). These guys have easily created over $250M in shareholder value up to now.  If you’re from other countries, this will give you a sense of the talent of top Colombian entreprenuers. If you live here, it’s a shame you didn’t attend these interviews (we had low attendance) and take advantage of meeting and talking with these incredibly open founders, but watch the videos and learn a ton!

    A couple months ago, I had the pleasure of meeting Claus Rosenberg, a serial entrepreneur from Denmark, thanks to a friend named Juan Velez. During our meeting, he made a very persuasive case for why I should become Director of Startup Grind in Bogota.  Long story, short, I agreed because I see this as an opportunity to take a snapshot in 2015 of the top Startup CEOs from Colombia through a series of YouTube video interviews.

    As I’ve written before, it’s become harder and harder to sacrifice family time and take on extra initiatives such as these.  Also, although some may find it hard to believe, I just don’t really enjoy the spotlight in Colombia anymore.   The only thing that drives me to do these types of things is the fact that I really see a big impact resulting from this initiative.  Also,  I just really admire talented entrepreneurs and enjoy talking with them.

    Read more

  • 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.

    Read more

  • 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.

    Read more

  • 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.

    Read more