Your team can make or break your startup. Seriously. This is so true that is has become a cliché.
Think about it. You’re going to be spending a lot of time together. You’re going to go through a lot of super stressful situations. You may or may not go broke at some point — together. So, when you’re forming your startup team, it’s really important to make sure you’re asking the right startup interview questions.
Sure, we all know the standards. What are your greatest weaknesses? Why do you want to work here? What was your biggest accomplishment in your last job? And a bunch of those standards made it onto this list. (After all, they’re standard for a reason.) But there are other questions you can ask applicants to your startup team that real...
I was talking with a Turkish startup friend of mine, giving him advice on his new site and proofreading his English writing. He hasn’t yet launched his service, and I offered to put it through userinput.io so that he could get feedback on the site and know how to improve it.
He said “well, let’s wait until I launch the site, then I will get feedback.”
And I said “No no no no no, let’s do it before.”
I’ll explain why I was so adamant.
When you finally launch your site, whether it’s a startup or an e-commerce or a portfolio site, you want it to be awesome, of course. And not just “awesome” but it needs to explain your offering clearly, create trust in the visitor, and not have confusing UX/UI and flow.
And the best time to get feedback on you...
As mentioned briefly above, there are multiple valuation methods to value a startup, and one not mentioned (but worth noting since this is arguably the most common startup valuation approach) is the Venture Capital Method that was developed in 1987 by Bill Sahlman.
If working with a venture capital firm, you should know how they calculate valuations. Venture capital firms use this valuation method to establish an understanding of the value of a startup using this basic framework. In addition to the venture capital method, a VC Term Sheet is used to define the specific conditions of venture capital investments between an early-stage startup company and the venture firm itself.