Month: June 2019

Startup Tip of the Day - Reagan Pollack

How to Hire Your First Co-Founder

Happy Tuesday Today’s Startup Tip of the Day: When you’re in a startup under 5-10 people, usually the first few hires, you need to ask yourself the following question: “Are these people who I need for the long term, or do I just need skill sets today to accomplish a project deadline?” If you’re making …

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The 4 Startup Bottlenecks - Reagan Pollack

The 4 Startup Bottlenecks (and how to break ’em)

Happy Monday everybody. 💡Here’s your Startup Tip of the Day: There are four (4) main areas of bottlenecks within any startup company: A. Operational B. Financial C. Social D. Intellectual 🤝Let’s Talk Social >> You’ve heard the expression, “you are the average of the five people you hang out most with”, right? ☝🏼Well, your startup’s …

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Startup Tip of the Day - Good Idea - Founder - Entrepreneur - Reagan Pollack

Why Great Startups Win with Average Ideas

☝🏼What makes an idea a great business is often not the idea. You heard that right. While everyone’s out there hunting for the next Uber, Airbnb, Google or Alibaba, the real entrepreneurs are busy testing new concepts instead of dreaming, writing business plans, and overthinking the crap out of everything. Entrepreneur = Average Idea + …

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Stories Sell. Features Don’t.

Happy Friday everyone! Today’s Startup Tip of the Day comes to you from my personal experience running my own startups over the past decade. 💡TIP OF THE DAY💡: STORIES SELL. FEATURES DON’T. There is a distinctive difference between a company that symbolizes something greater than the sum of their parts, and a company that just …

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How Rejection Fuels Growth

I’ve had thousands of buyers turn me down over the past decade. If they all said ‘yes’, I’d have no idea if they bought because they liked the product, the price, the mission statement, my pitch, something else? I’ve been turned down by dozens of investors, but each time I got a ‘no’, I got …

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Burn That Business Plan

🔥Burn That Business Plan🔥 There. I said it. You can thank me later. I talk with way too many founders who believe that if they just spend weeks and weeks researching, writing, and proving with financial charts the projected success of their startup, that it will actually come true. I hate to tell them, but …

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Reagan Pollack

3 days ago

Reagan Pollack
In 2005 while attending Babson College business school, I set out to launch my first internet startup. The vision was to build a platform (back then it was called a web portal) that would connect the music industry and expedite artist discovery (A&R), facilitate new business deals, and bridge the fragmented music business ecosystem. The goal was large, but in order to accomplish it, without prior experience nor significant connections, I broke the mission down into manageable tasks and chunks. This not only helped lay the foundation but also helped me to prioritize which elements would be needed first and subsequently.At graduation, I headed back to Silicon Valley and began my adventure full steam by opening an office, raising capital, and hiring my first ten team members. With a business plan in hand, I had a clear roadmap from an operational and financial perspective, and by spending significant time constructing the website wire-frames, it helped me to better stress test my assumptions with real-world pre-customer feedback. While most of the business plan didn’t materialize the way I had envisioned, it did help me greatly to strengthen my resolve for the vision and gain confidence that the end goal was material. I implore founders today to spend a few weeks writing down their vision and breaking into daily tasks, and the rank them in order of importance - ask yourself “if this comes first, does this unlock value next?” “If this comes next, does this expedite the next phase on my list?” The best (fastest to get to market and grow) entrepreneurs think in phases and are incredible at prioritizing tasks to reach the next tranche of milestones. Being in a startup can be dizzying - there a dozens of potential features to build, hundreds of people to pitch, and time is your enemy. Practicing prioritization - the ability to truly rank each activity by its weight (value) to drive actual traction - will ultimately position your business to win cost efficiently and market effectively. #nostartupleftbehind #entrepreneur #startups #entrepreneurship #founderstory ... See MoreSee Less
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