Too many startups get in the habit of continually raising more and more money, which has the deleterious effect of both pushing out profitability and limiting your exit options. The less rounds of capital you need to raise, the more of your company you get to own. Jay Samit capitalcompanycontinually share on social
Use your development time to brief analysts and industry press. Use these influencers as your eyes and ears to let you know what else is being developed by competitors so that you can be the first to market, and don't make the mistake of launching an also-ran product. Jay Samit analystcompetitordevelop share on social
You need to begin to network with angels and VCs while you are still ideating. It is easier to ask someone you know for funding than a stranger. Build your financial network by attending as many industry functions and reaching out for advice from experts online. Jay Samit adviceangelattend share on social
There is no better feeling than doing well while you are doing good. If you really want to meet the nicest, most caring people in your field, get involved with charity work. The thankless hours that go into planning charity dinners, running a carnival, and gathering donations for silent auctions are noticed and appreciated. Jay Samit appreciateauctioncare share on social
Whether you stay private or go public, after all is said and done, a CEO's job is to create lasting shareholder value. Jay Samit ceocreatejob Change image and share on social
On average, it takes as much as $100 million in paid media for a brand to be a household name in America. Marketing partnerships are the best form of off-balance sheet financing one can ever find. Smart startups use this technique to scale their companies and build their brand equity. Jay Samit americaaveragebalance share on social
Cable and satellite businesses are competing against fixed-line telephone companies and wireless companies. Jay Samit businesscablecompany Change image and share on social
You will always need more capital than you think, because it will always take you longer to reach profitability than you can imagine. Jay Samit capitalimaginelong Change image and share on social
Your innovation can create new winners and losers; or at the very least, make existing companies look fresh and innovative by partnering with you. Everyone wants to align with market makers. Jay Samit aligncompanycreate Change image and share on social
Onboarding starts with satisfying the most basic of Maslow's psychological needs: belonging. New hires shouldn't arrive to an empty cube and be forced to forage through corridors searching for a computer and the bare necessities of office life. A new hire isn't a surprise visitor from out of town. Plan for their arrival. Jay Samit arrivalarrivebare share on social