Can regular progress updates and reporting with investors make startups more successful? Bioverge Ventures CEO and and venture capitalist, Neil Littman, thinks it could be the case. Here are 4 Reasons why: 📌The Phenomenon of “𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐇𝐲𝐠𝐢𝐞𝐧𝐞” Startups that regularly report to their investors exhibit what's known as "company hygiene." ▶️This means they maintain a disciplined and organized approach to managing their business. In contrast, startups that don't have this practice often lack structure and focus, leading to potential chaos. ▶️Disciplined startups could perform better because they have clear processes and accountability in place. 📌𝐓𝐡𝐞 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 If a startup hides its challenges, how is it supposed to get the support it needs? ▶️When there’s transparency, everyone wins. ▶️Investors stay informed and startups get to tackle their problems head-on. 📌𝐅𝐨𝐫𝐜𝐞𝐝 𝐑𝐞𝐟𝐥𝐞𝐜𝐭𝐢𝐨𝐧 ▶️Regular reporting forces startups to reflect on their progress. They get to analyze what’s working, what’s not, and identify the challenges ahead. ▶️This self-assessment becomes an opportunity to fine-tune strategies and decisions that would’ve otherwise been overlooked. It introduces a higher degree of intentionality. ▶️It’s a built-in mechanism for continuous improvement. 📌𝐏𝐫𝐨𝐚𝐜𝐭𝐢𝐯𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦-𝐒𝐨𝐥𝐯𝐢𝐧𝐠 ▶️Delaying action until a problem becomes critical is a sure path to disaster. Regular updates mean startups are constantly communicating their challenges and needs. ▶️Small problems get to stay small rather than spiraling out of control. – What do you think? Do startups who report regularly tend to perform better? Share your insights in the comments below 👇🏽 To dive deeper into this, tune into Part 2 of my conversation with Neil Littman: APPLE: https://lnkd.in/gXNPgxHm SPOTIFY: https://lnkd.in/gNtZMVrW #charmhealthinnovationchallenge #charmhealth #chic
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🌱 Investing in startups isn't just about financial gain; it's about fostering innovation and driving change. 💡💼 As I reflect on this milestone, I'm reminded of the crucial role that investment plays in fueling the growth of these budding ventures. 💰🌐 👥 Supporting startups isn't just about money; it's about empowering visionaries, supporting breakthrough ideas, and contributing to the fabric of innovation. 🌍🔍 Whether it's through funding, mentorship, or networks, every bit of support counts in nurturing these seeds of innovation. 🌱💡 📈 The impact of startup investments goes beyond profit margins; it's about creating opportunities, transforming industries, and shaping the future. 🚀🌟 Let's continue to champion startups and their game-changing potential, driving progress in our ever-evolving world. 💪💼 #StartupInvestment #Innovation #FutureofBusiness
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💡 Why Founders Shouldn’t Think Like VCs 💻 In the world of startups, founders often find themselves at a crossroads, torn between following their instincts and seeking validation from others, particularly venture capitalists (VCs). However, there are compelling reasons why founders should resist the temptation to think like VCs, as outlined in the following points derived from the provided text: ➡️ Expertise over conformity: Founders possess unique insights and expertise in their domains that may diverge from mainstream opinions. By trusting their judgment, they pursue innovative solutions with potential for success. ➡️ Long-term vision vs. short-term gains: Founders prioritize creating sustainable value over rapid returns, aiming for enduring businesses. ➡️ Embracing risk: Founders understand innovation requires taking risks and embracing uncertainty, unlike VCs who prioritize proven market traction. ➡️ Empowering user-centric innovation: Founders intimately understand their audience, creating products that resonate deeply with customers.
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Hey you! 👋 Are you running a startup? Are you a small business owner? Both? Stay ahead of the curve in the evolving startup ecosystem with these insightful tips for 2024: 1. Despite shifts, innovative startups focusing on people and sustainability show promise. 2. Keep an eye on biotech. Biotech and virtual reality startups have the highest potential trajectory going into 2024. 3. 2024 is the year for startups to get creative with fundraising. 4. Health and wellness benefits are crucial, with over 50% of employers prioritizing them in the next three to five years. 5. ESG (environmental, social, and governance) is an essential trend; entire venture capital firms and hedge funds align with ESG principles and are created solely for this trend. Follow me to stay informed and navigate the dynamic landscape of startup trends. #StartupTrends #Innovation #ESG #2024Outlook
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CFO/Partner, FLG Partners | Interim CFO@ Henry Rose Fragrances| Transformative CFO/COO | Providing Strategy, Leadership & Vision that Propels Growth
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The 18 Year Old VC | Pre-Seed / Seed Stage VC | Mentor - 200+ Entrepreneurs Coached | Market Insights | Business Strategy | Investing Tips | Building The World's Largest Open Startup Ecosystem
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