Tag: Founder

The Secret to Being a Great Founder - Reagan Pollack

The Startup Secret No One Wants You To Know

The best founders listen 2-3X more than they talk. Are you listening to your customers, suppliers, investors, and employees? How deeply are you truly listening? Listen without judgement takes patience, and also radical candor. Much of what you hear might not suit your initial assumptions, or be in alignment with your vision, plan or ego. …

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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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The 3 Types of Founder Roles

If you only listen to one thing from me, listen to this 👇 We must have absolute and total focus on one thing every day when running a startup I can’t stress the importance of this anymore. There are three roles to every business: 1) Working In the Business  2) Working On the Business  3) Working …

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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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