Building a company is no easy task. From creating a product to hiring the first employee, there are a multitude of things an entrepreneur must do to get the company off the ground.
Welcome to our second edition of Failing Upward! We spoke with Liz Zalman, co-founder and CEO of Media Armor (acquired by Nomi) and the database security SaaS company strongDM, where she recently closed a $3M round.
Welcome to our new interview series, Failing Upward! We’ll be speaking to experienced startup founders about the lessons they’ve learned along their entrepreneurial journeys, the mistakes they’ve made, and the things they’d do differently if they could start over.
One challenge that US startup founders face is the need to put their business on a good legal and compliance footing at a time when the business is very early stage and poorly funded. Unfortunately, the US is more litigious, and less forgiving, than many other countries, and “foot faults” are more likely to give rise to significant problems.
Making sense of a business’s health and long-term viability is a notoriously difficult problem for high-growth startups, but unit economics offers a framework through which companies can evaluate their potential. Here’s a real-world example: in December 2013, Homejoy, the Y-Combinator-backed home cleaning disruptor, raised a fresh $38M Series B at an estimated $150M post-money valuation. Less than two years later, the ...