This Week in Startups China cracks down on US IPOs, winning founder qualities, Ask Jason: accelerators, investing | E1244
Jul 13, 2021
The discussion kicks off with the Chinese government's crackdown on tech firms and the implications for US IPOs. Insights into the traits of successful founders reveal the importance of product quality over personal charisma. Listener questions tackle finding technical co-founders and what signals indicate startup success. Advice for new angel investors emphasizes diversification and seeking companies with proven traction. The role of accelerators is explored, weighing the mentorship against equity stakes. Overall, a blend of critical insights for founders and investors.
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Qualities of Winning Founders
- Look for founders resilient enough to see their vision through and build credibility without money.
- Winning founders focus on product, customers, and team building.
Building Founder Credibility
- Build credibility by demonstrating product expertise, deep customer understanding, and strong recruitment.
- Answer investor questions directly and specifically to build trust.
Choosing an Accelerator
- Evaluate accelerators based on equity/cash balance and mentor experience.
- Top-tier accelerators offer fewer downsides than mid-tier ones.