The show that interviews entrepreneurs, uncovering the moments of fear and doubt that even the most successful founders face. On Founders Uncut, you'll hear how they deal with these moments. If you're an early stage startup founder and the going is tough, listen in. You are not alone - being a founder is just hard! Host Maria Palma, General Partner at Kindred, an early stage venture capital fund, is here to shine a light on the parts of the startup scaling journey that often go untold and never make the headlines. You'll hear about: - How to hire a senior leadership team - How to successfully raise a venture capital funding round - How to motivate a team and operationalise company values - How to personally grow with your startup scaling journey so you can be the leader your company needs at every stage and stay sane in the process.
Find out more at KindredCapital.VC/FoundersUncut
This podcast was produced by Fascinate Productions
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The show that interviews entrepreneurs, uncovering the moments of fear and doubt that even the most successful founders face. On Founders Uncut, you'll hear how they deal with these moments. If you're an early stage startup founder and the going is tough, listen in. You are not alone - being a founder is just hard! Host Maria Palma, General Partner at Kindred, an early stage venture capital fund, is here to shine a light on the parts of the startup scaling journey that often go untold and never make the headlines. You'll hear about: - How to hire a senior leadership team - How to successfully raise a venture capital funding round - How to motivate a team and operationalise company values - How to personally grow with your startup scaling journey so you can be the leader your company needs at every stage and stay sane in the process.
Find out more at KindredCapital.VC/FoundersUncut
This podcast was produced by Fascinate Productions
3. George Bevis from Tide - The Psychological Journey Of Failing As A Founder, Why LTV/CAC Is THE Metric, The Elusive Product Market Fit - Does It Really Exist? How Do You Know When Your Startup Has No Way Forward
Founders Uncut: Real Startup Stories
27 minutes
3 years ago
3. George Bevis from Tide - The Psychological Journey Of Failing As A Founder, Why LTV/CAC Is THE Metric, The Elusive Product Market Fit - Does It Really Exist? How Do You Know When Your Startup Has No Way Forward
George Bevis, founder and former CEO of Tide Bank. As many of you may know, Tide delivers better business banking for small to medium sized businesses. It’s currently valued at $650 million, serves over 400,000 businesses, and has tens of millions in revenue. George is now running his own venture studio, Can Do. In 2015, in Tide’s early days, an employee ran off with their code base and they almost ran out of money in the first year.
In this episode, you will hear more from George about:
1) The Psychological Journey of Failure as a Founder?
What does it actually feel like when your company goes under?
When do you actually feel a sense of relief?
How do you know when it’s time to call it quits on your startup?
How do you treat the staff the right way as you wind down?
2) THE Metric for Any Startup
Why LTV/CAC (Lifetime Value/Cost of Customer Acquisition) is THE Metric and Not a Metric to Live by in Your Startup
How did George get to this conclusion after multiple businesses?
Should you rethink your business model before you even start?
3) The Elusive Product/Market Fit (PMF)
Why George disagrees with the famous Marc Andreessen blog post on product/market fit (PFM)
Is PFM a myth? does it exist? What does it actually feel like to achieve PMF?
Do you still need marketing even if you have PMF?
4) His Decision To Step Down From His Own Company
What drove George to decide to leave Tide as the CEO?
The one thing he really misses since leaving
What he is up to now and why?
5) Humility - The Underrated Trait for Employees and VCs You Surround Yourself With
How Tide’s company values and humility translated into their consumer experience
Why you need to choose a VC with humility?
How you figure out if a prospective VC has humility?
The power of cold references on VCs
How many terms sheets should you actually expect when fundraising for your startup?
After tasting success as a founder, George is now running his own venture studio, Can Do.
Find out more at KindredCapital.VC/FoundersUncut
This podcast was produced by Fascinate Productions
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Founders Uncut: Real Startup Stories
The show that interviews entrepreneurs, uncovering the moments of fear and doubt that even the most successful founders face. On Founders Uncut, you'll hear how they deal with these moments. If you're an early stage startup founder and the going is tough, listen in. You are not alone - being a founder is just hard! Host Maria Palma, General Partner at Kindred, an early stage venture capital fund, is here to shine a light on the parts of the startup scaling journey that often go untold and never make the headlines. You'll hear about: - How to hire a senior leadership team - How to successfully raise a venture capital funding round - How to motivate a team and operationalise company values - How to personally grow with your startup scaling journey so you can be the leader your company needs at every stage and stay sane in the process.
Find out more at KindredCapital.VC/FoundersUncut
This podcast was produced by Fascinate Productions
