Hi Guys! What do you think about Hardbacon? It's a Montreal based fintech startup I heard a lot about and I like their budgeting app. What are your thoughts?
Hardbacon 2022 Campaign On FrontFundr
www.frontfundr.com
Check out Hardbacon 2022 On FrontFundr. FrontFundr is an online investment platform. We bridge the gap between investors and growth companies.Good morning Founders. Last night Y-Combinator sent the attached message to their portfolio 😳
I don’t mean to be a downer, but if you’ve been following the markets, things aren’t looking good for the economy and for startups needing to raise venture capital. Things are about to get difficult. 😔
Buckle up friends 🤙🏻
Comment on Facebook Good morning ...
Ian Jeffrey, thanks for sharing!
You mean buckle up your boots? ;)
Oh man….
Seems about right. Fiscal discipline, focus on meeting a market need, be obsessive about efficiency.
A lot of information about the stock market and fund raising. Yes the economy may get worse. It may get better. So if you always manage it for bad times, you will always get through the bad times. Call me crazy, but I built several companies on different advice: 1. Make products that people want to buy. 2. Manage your cashflow diligently at all times. 3. Wait to grow until it hurts you by not investing in your growth. 4. Manage your cashflow diligently at all times. 5. Don’t hire or buy anything that you can’t afford. 6. Go back to the people who bought your product and ask them if they liked it. 7. If they liked it, give them a reason to buy again and ask them to tell their friends. 8. If they didn’t like it, ask them why, and how you can improve. 9. Manage your cashflow diligently at all times. 10. Don’t manage your company based on stock markets or VC rounds.
Thanks for sharing this. Looks like investors moved to the safe real estate market... but I'm optimistic. I believe that this market will be saturated soon and investors will look into other markets.
I went with 2 of my startups through 2001 and 2008. The first crises killed us, the second didn't. You need to plan to survive the next 24 months, and gain in the meantime traction. Is time for execution and long term strategy. Investments will continue, but at lower valuations and with a look at the post crisis word, because data shows that during pasts crises great companies emerged.
Gautham Gauruv Maediratta
Be realistic if you need cash don't overprice your offering - it's about being cautious with your spending and smart with your investors.