All Posts

The real road to success

 

You’ve probably done your research and know, how startups work. You might even be contributing to the community. All young companies want to be successful. If it happens instantly, even better. However, it’s not all moonlight and roses.

How you achieve success – the ideal scenario
In an ideal scenario you are the main character of an American-dream-like film. You come up with a brilliant idea, no one has ever done it before, so you have quite a head start. You come up with a catchy startup name and a bunch of investors with stacks of cash ready to be handed over to your company. Brand visibility is massive and clients come to you without any marketing efforts. It all becomes stable in just one year. Well, not really.

How you achieve success – the actual outcome
Here’s what it usually looks like. You create a startup company with your head full of ideas and bright looks for the future. And then you don’t know how to reach investors and potential clients. You run out of money, don’t have a team of experts, the product doesn’t match the needs of clients. So, problem number one: traction. How do you get it to actually work? You found your niche, have a really innovative product or service. You still need some money for further development, though. And a mentor would be of great use, so you don’t get lost in the process.

Where do I look for development opportunities?
Easiest way? Conferences. Take tons of business cards and network as much as you can. Meeting new people will definitely accelerate your business. Take your time and prepare a perfect pitch. Not just any PowerPoint presentation you monotonously repeat – how about 2-3 minutes of storytelling? Catch the audience, whether it’s an investor or your team buddy. Make them want to hear more about what you do. It’s not easy but look at all the final pitches at Wolves Summit. There were 279 aspiring and brilliant startups, yet only 9 made it to the finals and two of them won the prizes. What is not shown on these videos is the impact all startups had on investors and corporations. Their pitches drew the attention of investors and corporate executives, who were just sitting there in front of the stages. 

We’re not all heroes
There’s no shortcut to success and it’s okay. We may not make it the first time but it does not mean we should give up. Just remember to concentrate on your goals. Write them down and pursue them with passion. Don’t be afraid of failure because we’re all going to experience one eventually. If you’re still kind of scared, fake it. Pretend you’re not and it’ll go away at some point. Your company will thank you.

 


LOOKING FOR VALUABLE BUSINESS CONNECTIONS?

You have an incredible business idea but you cannot get to proper investors?

Download free investors book and get direct contacts to 100+ investors! 

partners and investors book

Download the E-book

 

 

Related Posts

Fotokite raises $11M for autonomous tethered drone in firefighting and public safety

Fotokite AG, a Swiss-American company developing tethered drones for firefighting and public safety teams, has closed its Series B funding round, securing CHF 10 million (approximately $11 million). This investment aims to accelerate the company’s growth, bolster research and development (R&D) efforts, and expand its global operations. The funding round was led by Carbyne Equity Partners, a European private equity firm specialising in growing European businesses, along with existing investors including Swisscanto Private Equity Growth I, and Credit Suisse Entrepreneur Capital Ltd. https://techfundingnews.com/fotokite-raises-11m-funding-to-expand-global-reach-of-tethered-drone-technology-for-firefighting-and-public-safety/

Proxima Fusion closes €20M to build world’s first-of-its-kind fusion power plant

Proxima Fusion has raised €20 million in seed funding led by redalpine, which invested in Knowunity. This round follows the €7 million pre-seed funding round last year. The oversubscribed round saw participation from the Bavarian government-backed Bayern Kapital, German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation. In addition, existing investors, including Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and TOMORROW of Visionaries Club also participated in the round. Proxima Fusion will use the seed funding to further expand the team with world-class engineers and physicists, as well as to match public funding awards. This round is part of its mission to build the world’s first-of-its-kind fusion power plant and lead Europe into a new era of clean energy. https://techfundingnews.com/proxima-fusion-closes-e20m-to-build-worlds-first-of-its-kind-fusion-power-plant/

Lakestar closes $600M Funds, aims to strengthen Europe's innovation ecosystem

Investment firm Lakestar closed its latest funds, Lakestar Early IV and Lakestar Growth II, for around $600 million to inject new capital into the next generation of European startups, bringing Lakestar's assets under management to €2 billion. Both new funds will focus their investments across geographies, focusing on Europe in sectors such as AI, digitalisation, deep tech, healthcare, and fintech. The funds align with Lakestar's commitment to forge a stronger future for Europe by nurturing the region's innovation and tech ecosystem through the funding of business models that support economic growth and social prosperity. These new funds have already led investments in tech companies such as energy supplier platform Fuse Energy (UK), embedded finance solution Swan (France), healthtech company Nelly (Germany), NEKO Health (Sweden), the preventative health care technology company co-founded by Daniel Ek, and AI text-to-video technology platform Colossyan (UK/Hungary). https://tech.eu/2024/04/12/lakestar-closes-600m-funds-aims-to-strengthen-europes-innovation-ecosystem/