What is the thing that you are so desperately clinging to? Is it relevant? And is it going to help your business get through these next few turbulent weeks and then through the next trying months? Find those sacred cows and banish them.
About SpringTime Ventures SpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $400k to $600k. You can learn more about us and our approach.
About Rich Maloy Rich's mission is to rebuild the American dream through entrepreneurship. He works with early stage startups transforming the world, giving all people the opportunity to grow, learn and earn. With prior careers in finance and sales, he's now focused on startups investing through SpringTime Ventures where he is a Managing Partner. He's a father of two young children and loves sci-fi, skiing, and video games.
Rich:
Continuing with weathering the storm, after you've accepted reality it's time to take a hard look at your"priorities." I'm reading"Essentialism" by Greg McKeown right now, it's phenomenal and I highly recommend it. Early on in the book, he points out that the word priority was singular since its inception. It was only during the late industrial revolution that the plural priorities came into use. Priority literally means that there is nothing prior. Therefore you cannot have more than one priority. When you're fighting to keep your company afloat, your priority is the survival of your business. Examine every product, every initiative, every hire, every fire, every meeting, with the singular"priority" in mind. Anything you're hanging on to, for any reason, other than immediately contributing to the success of your business is a sacred cow. What are the things that you're making excuses for? Those are your sacred cows. Those are the first things that need to go. What is the thing that you are so desperately clinging to? Is it relevant? And is it going to help your business get through these next few turbulent weeks and then through the next trying months? Find those sacred cows and banish them. All that matters is that you're building a product that customers love and will pay you for. Nothing else matters. If you're in the eye of the storm, accept reality, banish sacred cows, and focus on the priority. When you have customers beating a path to your door, the fundraising will follow.