ASK ME ANYTHING
Seriously, I am open to any and all questions. Just join my Telegram chat and ask away. Here are the results.
Asked by @valerievspace @Marina_Gretsova. The trick is simple - stop trying to "make it somewhere". The things that we chase the most are the most elusive, and the things we accept as is are the most permanent. It is easy to "get everything done", when you are not...read more
Originally appeared on Quora. In my experience, anywhere between 500 USD and 5 000 USD. As I have written in my latest blog post, most start-ups undervalue the power of money. That is to say, most think that 5 000 USD is a very little amount to get started, personally...read more
Originally answered on Quora. Absolutely. In fact, I would argue that in almost any company - IT and technology is secondary. Sales and marketing is what makes companies successful. (Technically, its all about the right people) You can have the best technology in the...read more
Is it right to say that a startup company with 50 employees is doing good if it gets series A financing worth 4 million after one year?
Originally asked on Quora. No. For many reasons. Reason #1: Valuation and investments are not valid measurements. This question opens up a can of worms that has been bothering me for the longest time, when it comes to startups. Is Uber a successful company because its...read more
Originally answered on Quora. None. Zero. Zilch. (Suggestions on what to do instead at the bottom) Seriously, do not even think about it - that is a pretty bad thing to do in a company for quite a number of reasons: Ruining your cap-table immediately: By giving...read more
Originally asked on Quora. There are plenty of businesses that are “safe’, however they will all be on the ridiculous side and will still have some risks. For instance if you are in the business of lending money to you parents in the amounts of 0–10 dollars at a time,...read more
Originally asked on Quora. Frankly, I stopped believing in the traditional sense of an MVP a while ago. It is too common, too popular and too focused on the product itself (which can be a good thing). In my opinion your true MVP is what I call is the Minimum Viable...read more
I founded an e-commerce app startup that currently makes $360k USD in net profit per year. 73% of sales are from China. How do I find local Chinese investors in China?
Originally asked on Quora. This is the shortest answer I have ever made. You buy a plane ticket to China, you stay there for 6 months - one year. You could start with going to an international startup event such as Slush Asia. This way you will also find distribution...read more
You’re an early-stage startup, what would you do with $5,000? $10,000? $50,000? What results do you expect from this investment?
Originally asked on Quora in 2012. The answer to the question has a lot of maybes to it and would very much depend on your current ability to create an MVP and to market. That being said 5,000 dollars can stretch much further than most people think. Edit: Forgot to...read more