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Subject: This Weekās Insights: Founders, Vision, and Betting on Yourself
This week has been packed with valuable insights and thought-provoking discussions for anyone building something great. Hereās a summary of the key topics weāve touched on, just click on the RED topics to read:
1. Comparing Yourself to Others
Comparison is natural, but it only becomes powerful when it doesnāt breed envy. Itās healthy to recognize those ahead and behind you on the journey, learning from both. Iām far from done with what God has planned for me, and I encourage you to compare without coveting.
2. Solo vs. Co-Founder ā Whatās Right for You?
Should you go solo or find a co-founder? Both paths have their pros and cons, but itās important to know that 65% of startups fail due to co-founder disagreements. As a solo-founder, you may have full control, but donāt rush into partnerships unless thereās deep trust and aligned vision.
3. Bootstrapping Success: Ryan Bartlett of True Classic
Ryan Bartlett turned $3K into a $250M business with smart, sustainable growth. He avoided the traps of excessive spending and stayed customer-focused. His bootstrapped success story is a great reminder: less can sometimes be more.
We all need heroesānot to worship, but to inspire. As founders, letās aim to be heroes for others. Heroes show whatās possible through courage and grit, while idols are often superficial. Choose the path of a hero who can lead by example, flaws and all.
Ideas are the spark, but vision is what fuels them into movements. Founders need to become the brand they serve, with authenticity driving the movement. Look to the heroes who have come before, but rememberāyou must lead your own movement with purpose.
Founders who bet on themselves pour everything into their visionātime, energy, focus, and money. Henry Schuck bet $25K on himself and built ZoomInfo into an $8B giant. When you believe in yourself, donāt hesitate to invest in yourself. I bet on founders who do.
7. Vision: If You Canāt See It, Youāll Never Have It
Vision is what separates dreamers from doers. You must imagine success in vivid detail and then build it. If you donāt have a clear picture of where youāre going, neither will anyone else. Think bigger, dream bigger, and let your vision lead the way.
Yes, itās possible to raise or even exit pre-revenue, but itās rare. Less than 1% of startups achieve this. The key to success is a strong team, a compelling vision, and a solid network. Remember: focus on whatās probable, not just whatās possible.
All of the posts and discussions from this week are included below. Feel free to click on any of them to dive deeper.Ā
Let these insights inspire you, and as alwaysādream big, bet on yourself, and keep pushing forward!
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š”š²š²š± šµš²š¹š½, reach out.
- Gerald Duran
Founder & Managing PartnerĀ
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PS āĀ Follow me,Ā Ā Gerald DuranĀ for daily startup and VC mentorship, š°š¼šŗš¶š»š“ š¶š» šµš¼š from CanaGlobal's faith-driven venture studio and startup incubator.
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