SquishyQuokka
SquishyQuokka

[Thread] You get massive seed funding: What do you don’t do?

Not over hiring, for sure. 😂

24mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
DerpyPickle
DerpyPickle
Google24mo

Lose your confidence. It happened to me. I raised a large seed round after a lot of struggle and hard work and basically doing everything myself. (I'm a full-stack hardware + software developer + sales + CEO) The moment, I raised my large seed round, everyone started telling me I need to bring in corporate people who will teach me how to run the show.
As it is, imposter syndrome is such a big deal for me!!! Basically, led to instant bloat and I ended up paying a lot of fancy people who in-turn hired more people. Now, I am back to doing their work myself.
My next round, I know exactly whom I want to get and it's definitely not going to be a corporate leader.

SquishyQuokka
SquishyQuokka
Gojek24mo

@itzprobablyme Agreed +100, keeping a lean setup with people who have bias for action is critical.

That’s what I hate about a corporate job. Unnecessary red tapism hinders productivity and innovation.

DerpyPickle
DerpyPickle
Google24mo

You said it! Lean setup with people who have bias for action!

WigglyBanana
WigglyBanana
  1. Build an office with a slide and 2 massage rooms
  2. Company offsite to Ibiza
  3. Cookers and hoke
SquishyQuokka
SquishyQuokka
Gojek24mo

@AlphaGrindset are you Dan Bilzerian? 😂

WigglyBanana
WigglyBanana

VCs when Dan Bilzerian walks into the room: “Founder mein Alpha hai”

SqueakyNugget
SqueakyNugget
TCS24mo

Upgrade your ergonomics game by buying 1.2L rupee Steelcase chairs for the entire team

SquishyQuokka
SquishyQuokka
Gojek24mo

From Seed Funding to “Seat” Funding. 😂

SqueakyNugget
SqueakyNugget
TCS24mo

Take the team out for an ‘inspiring’ Vietnam offsite

SquishyQuokka
SquishyQuokka
Gojek24mo

Instead take them to Coorg outing for “Team Workcation” 😂

GroovyBoba
GroovyBoba

Vietnam is actually cheap tbh.

FluffyNugget
FluffyNugget
Plivo24mo

Disappear

SquishyQuokka
SquishyQuokka
Gojek24mo

VCs want to know your location 😂

SqueakyNugget
SqueakyNugget
TCS24mo

😂😂😂

CosmicRaccoon
CosmicRaccoon
  1. Focus on building your organic marketing channels now, SEO/ASO, it will give you long term benefits in terms of customer acquisition.
  2. Don’t spend too much on paid acquisition. Do a thorough analysis on your ICP, and their most spent time(in terms of app and content), and accordingly you would be able to know what kind of communication would work for your ICP(rough idea).
  3. Get PMs who had worked on similar product features before.
  4. Don’t hire internal HRs, instead get HR consultants to work with you.
  5. Work towards building a proper feedback loop channel(customer care). This helps a lot
GigglyNarwhal
GigglyNarwhal

The best answer in the entire thread

MagicalNoodle
MagicalNoodle
MyGate24mo

Nice insights, can I connect with you?

WobblyCoconut
WobblyCoconut

Quite a few things other than what's already noted:

  1. You don't create a "new" plan to spend all that money quickly in order to "show" huge traction/growth
  2. You don't go overboard (2X) in giving salary hikes to the early team
  3. You don't give a huge party to celebrate seed funding as if you hit a business milestone, no harm in a small celebration
  4. You don't become a Startup Guru and waste time in industry meetings, you have not arrived till you have cracked a sustainable model for a profitable business

One thing you must do is meet those founders who have seen the journey from Seed to profits, and meet as many of them as you can. Nothing can beat the tribal knowledge.

SqueakyNugget
SqueakyNugget
TCS24mo

Great answer 👌

MagicalNoodle
MagicalNoodle
MyGate24mo

Good advice

SillyNugget
SillyNugget
Amazon24mo

Don't keep your funding money in Silicon valley bank.

SqueakyNugget
SqueakyNugget
TCS24mo

😂😂

PeppyKoala
PeppyKoala
Dell24mo

A cheap international offsite after an year of the funding is actually feasible and should be adopted imo. You retain the good talent and it in turn helps you attract good quality freshers/young folks from tier 1. Two for the price of one.

SquishyQuokka
SquishyQuokka
Gojek24mo

@Varun true, but we just built different. No offsites, pure vibes only. ✨✨

PeppyKoala
PeppyKoala
Dell24mo

How old are you if you don't mind me asking. I want to see if employee age is a variable affecting this mindset.

TwirlyMuffin
TwirlyMuffin

I will FD it.

SquishyQuokka
SquishyQuokka
Gojek24mo

@meets_expectations but the question is what you won’t do. So no FD and all crypto 😂😂

PerkyBoba
PerkyBoba
Cred24mo

Ankur Warikoo maarega bhai

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