Mistakers, there is nothing like failure. Learn from other entrepreneurs' failures

#Failure9 - 3 learnings after raising 3 millions USD - Fabien Keller From Birdylabs

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3 learnings
1- Be sure to get your market fit
  • Make sure you understand your users’ issues
  • Start with small companies
    • Your idea is worth nothing. What matters is Execution + Luck + Team
    2- Monetize your solution
    • Don’t overprice your solution
    • Mentors can be the key to help better attack B2B
    • Big companies payment terms can kill your company and cash flow
      • Until you have your first paid client, it’s a hobby not a company
      3- Don’t raise money for raising money
      • Don’t try to raise money too early
      • Don’t raise money to validate an idea, raise to develop and grow
      • Don’t get any investors. They need to bring you human capital, skills and smart money
      • Don’t dilute yourself too much
        • We raised money mainly to go international
        Wanna know more about Fabien Keller?
        • Dreamed job: Special Forces & Pilot but ends up in one the “French Grandes Ecoles” Polytechnic
        • Totem animal: Fox
        • Cliché he is tired of: Supposed to get free time as not working 9 to 6
          • Birdylabs experience

          https://www.birdylabs.co/

          Started in 2015 while still studying. After his university did not allow him to adapt his courses to his new project, he decided to drop out school and start his entrepreneur journey.

          His main idea was to help people to save money by get the little extra into their saving accounts. Brilliant no? Instead of paying 15,12€ you pay 16€ and get 0,88€ in your saving account.
          Birdylabs took off, after they manage to integrate their solution to Linkso.
          Since then, they opened their capital to external investors and partnerships with some of the biggest bank as a white label product.

          Free promo? Still your flyer on the toilets on the startup hubs!

          Know more on mistakers.co !

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          Mistakers, there is nothing like failure. Learn from other entrepreneurs' failuresBy Flo from mistakers.co