Founder Weekly (Issue 588 - May 31 2023)

Founder Weekly - Issue 588

May 31, 2023

Founder Weekly

Welcome to issue 588 of Founder Weekly. Let's get straight to the links this week.

General

Labelbox co-founder and CEO Manu Sharma sits down with First Round partner Todd Jackson to tell the story of how he prioritized idea validation and customer discovery before building Labelbox.

In the podcast featuring Andy Raskin, the discussion revolves around the significance of crafting a compelling strategic narrative to inspire and align teams towards a shared vision, emphasizing the role of storytelling in driving business success.

It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.

Scaling a company? Expect everything to change. Here are six ways you need to adapt your leadership to thrive as your company scales.

Marketing, Sales and PR

Founder-led sales is a common practice for early-stage startups. However, there are a number of common pitfalls that founders can fall into. These include: not having a clear sales process, not being able to articulate the value of their product, and not being able to close deals. To avoid these pitfalls, founders should focus on building a strong sales team, developing a clear sales process, and mastering the art of storytelling.

The article examines the strategies employed by language learning platform Duolingo to achieve significant growth on TikTok, including leveraging user-generated content, utilizing humor and relatability, engaging with trending challenges, and fostering a sense of community, resulting in a massive following and increased brand visibility.

A complete guide covering email creation, timing and sending for your SaaS. 

In the past year, I’ve had the privilege of co-founding Sales Kiwi, from ground zero to $1M+ ARR. Sharing 5 of my startup growth tips. 

Money and Finance

The article discusses the importance of finding the right burn rate for pre-seed companies. The author argues that the optimal burn rate is one that allows the company to grow and scale while still being able to raise additional funding. The author provides data from their portfolio companies to support their argument. 

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