The startups from Numasprint Season 7 have just started the intense acceleration program. This week, it is the international week at NUMA, and a serie of workshops and office hours will be run by international speakers.
On Monday, the first mentoring session is run by Ricardo Marvao, co-founder @beta-i and coordinator of the program Lisbon Challenge, and most of all a dear friend here at NUMA.
How to make the most of your acceleration at Numa? A few tips from this experienced entrepreneur and mentor for startups.
1/ Understand where you are good and when you bring values. Do not step in each other foot with your partners.
2/ Discuss really deeply with the cofounders what you believe in, how you want to continue to develop the product; Write in down – you can take a look at the founders agreement templates.
3/ Have professional work and personal time. Celebrate with your team whenever there is a good reason.
4/ Write down all the things you have done on a weekly basis to check the progress. You can also provide the investors with it.
5/ Include the entire team to the discussion, don’t have taboo subject.
6/ As you will be hiring, look for multi-skilled people, that can either put paper in the printing machine or deal with the administration & commercial parts.
7/ Listen, and decide what is the best for you. At the end of the day, it is your decision. Don’t be baby-sitted. Decision after decision, you’ll grow up as the team.
8/ Make the most of the community here. Never stop pitching, network, test your product, and listen to the feedbacks.
9/ Be prepared for Demo Day! If you haven’t launched yet, you should hurry. Try to find clients and first revenues for the Demo Day to make the most of the investors meeting.
10/ Don’t hesitate to break everything. And start again. Test as much as youc an the different business model opportunities.
By Ricardo Marvao, co-founders @Beta-I
Twitter : @rmarvao