eFounders Letter #5 — a Startup Studio on a Mission
Building the Future of Work
Written by Thibaud Elziere, founder of eFounders.
We launched eFounders 6 years ago and haven’t had any (significant*) exit yet. That means that for the last 6 years we’ve been burning money continuously without making any returns. Mathematically, it isn’t dramatic since the average exit time in the B2B software industry is 7.5 years. Psychologically, it’s very intense and sometimes it seems like we’re the only ones still believing in what we’re building. A lot of people doubt. And they’re right. Nobody has ever made the startup studio model work. Why should we be the first to make it succeed?
Building the Future of work
“You can’t connect the dots looking forward. You can only connect them looking backwards. You have to trust that the dots will connect in the future.” We’ve taken on the advice delivered by Steve Jobs during his Stanford graduation address. We believe in what we do because we trust in something: we’re building the future of work. We are inventing both tomorrow’s tools and tomorrow’s ways of working together. We have an opportunity to imagine the future of work. It sounds trivial, but since figuring out our mission by looking back and connecting the dots, it’s changed everything. It doesn’t only drive us, it drives everyone around us. We have a story to tell our teams, candidates, journalists, and anyone interested in us. Find out your mission and you’ll have everyone following you.
