Author: Irina Encheva
Raising capital is a hot topic for many scale-ups and, as part of an organization dedicated to help entrepreneurs tackle their most pressing challenges, it is a common theme for us at the office.
Last week we sat down with Deyan Vitanov, a serial entrepreneur based in Silicon Valley and a mentor at Endeavor, who shared his own experience on fundraising with one of Endeavor Bulgaria’s companies.
In this post, we summarize the key takeaways from Deyan’s practical mentorship session.
The fundraising process, in Deyan’s view, can be broken down to 3 steps, each taking usually 3…
Author: Simona Nikolova
The startup boom in recent years leads to the failure of 90% of all startups. Running out of cash and not having the right team are among the most common reasons for this cold statistics. The biggest reason still, according to founders is lack of product-market fit. Entrepreneurs often get distracted with operational and execution issues and forget about the heart of their business. No matter what a company does, at the core is creating the right product that delivers value to its target market.
One of the first steps to avoid such failure is to create…
by Irina Encheva
Our mission at Endeavor is to help the network’s Entrepreneurs scale their businesses in the most effective and efficient manner. As 2018 comes to an end, let’s take a look into how that mission has translated into our team’s actions when assisting local entrepreneurs.
It’s important to note the non-technical and non-quantitative aspect of our jobs. As account managers, each of us at the office has a portfolio of companies for which we are responsible to know their aspirations and challenges. We adjust to each entrepreneur’s communication style and lingo and each of us is the biggest…
Author: Simona Nikolova
During Endeavor’s recent International selection panel, Maura O’Neill (President Obama’s first Chief Innovation Officer) was invited to talk to us about the importance of eliminating narrow-mindedness. Her talk was focused on the incredible business and personal potential of opening our minds to new ideas and opportunities and eliminating people with narrow minds from our lives and workplace. If we take a closer look, this might not be the most common business advice, but rather one whose worth is weight in gold.
Learning from history
History has demonstrated that the people, who have changed the world the most…
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