We build world-class software companies with values-driven founders. FutureSight is a leading venture studio that co-creates world-class software companies with values-driven entrepreneurs from inception to exit. We are a team of founders, operators and designers with experience successfully bringing software to market at scale.
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What's More Important for Founders? When starting a new venture, which do you think is more crucial for founders? A) Risk Capacity: The financial ability and runway to sustain the startup. B) Risk Appetite: The willingness to take on and manage significant risks for potential rewards. Vote and share your thoughts in the comments!
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Entrepreneurship is hard. You have to balance between risk appetite and risk capacity to build a successful startup: ⚡ 𝐑𝐢𝐬𝐤 𝐀𝐩𝐩𝐞𝐭𝐢𝐭𝐞: Are you willing to take on significant risks and be accountable for both success and failure? Do you have the drive to push through fear and uncertainty for potential rewards? 💰 𝐑𝐢𝐬𝐤 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲: Do you and your venture both have enough financial runway to get through the early stages? Can you manage your personal commitments and motivations while investing time and resources into your startup? Are you being honest about your ability to balance risk appetite and risk capacity?
How can you increase your entrepreneurial risk capacity? 𝐁𝐮𝐢𝐥𝐝 𝐲𝐨𝐮𝐫 𝐬𝐚𝐯𝐢𝐧𝐠𝐬: Ensure you have a comfortable personal runway. Experiment with a more frugal lifestyle to extend your runway. 𝐒𝐞𝐞𝐤 𝐬𝐮𝐩𝐩𝐨𝐫𝐭: Diversify risk by having your partner take a stable role while you pursue the venture. Consider working with a business partner to share the risk. 𝐆𝐚𝐢𝐧 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: Start with less risky roles such as consulting, advising, or joining early-stage companies. Build your risk capacity and skills over time. 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩𝐬: Have open conversations with your loved ones about the risks and rewards. Ensure their understanding and support for your journey. What steps are you most comfortable taking?
Most people think entrepreneurial risk is all about having enough money to start, but... It's more than just money. Entrepreneurship also requires: 🧠 Mental Capital: Enduring the anxiety, pressure, and prolonged focus of venture building. Experience, mental resilience, and self-awareness are key. ⏰ Time Capital: Dedicating enough time to make the venture a success. Evaluate your commitments and ability to prioritize your venture. ❤️ Relationship Capital: Ensuring your loved ones understand the risks you're taking on and provide their support and alignment on the journey ahead. Are you ready to take the entrepreneurial plunge?
🚀 Join us to transform the Managed IT Services industry! We are seeking a Co-founder & CTO passionate about delivering ground-breaking business insights to MSP owners, enabling them to take definitive actions to save costs and generate new revenues. Ready to build the next big venture? Apply now! 🔗
We evaluate founders across 26 dimensions. Being a founder is incredibly challenging; it requires unwavering commitment and drive, especially during tough times. That's why we place a strong emphasis on selecting the right founders. An unspoken but crucial aspect of our evaluation is the inspiration and vision a founder brings. 🌟 Do they inspire us? 🌍 Do they present a compelling vision for changing the world? 🏆 Would we feel honored to work for them one day? It's essential to be thorough in our investment decisions to ensure we support founders who can truly build an impactful business.
Benefits of doing exploration and experimentation in problem discovery: ● Avoid building the wrong product and save resources ● Increase capital efficiency by focusing on validated problems ● Reduce risk by testing assumptions before full-scale development ● Improve product-market fit through iterative learning ● Enhance decision-making with real-world data and feedback ● Build investor confidence with a well-researched approach ● Accelerate time to market by refining your solution early Which is why incorporating exploration and experimentation is so valuable.
Amazing podcast episode on frameworks for evaluating startup ideas with Mike Maples, Jr (Founding Partner at Floodgate, ex-Product at Silicon Graphics) on Lenny's Podcast. 🎧 Here are some fun takeaways: 📈 Pivoting to Success: ● 85% of the successes in Mike's portfolio come from startups that had a fundamental pivot in their journey. This highlights that our initial validation is only a minor chapter in a venture's lifecycle. 🔍 Breakout Concepts: ● Startups need to be radically different from incumbents to succeed. ● Inflections are external changes that promote radical change. Incremental improvements, like Moore’s Law, are not inflections. AI itself isn't an inflection, but some models, like LLMs, are. 💡 Earned Insight: ● Startups need to be both non-consensus and right. ● Insights allow startups to escape comparison traps with incumbents. ● "Live in the future & build what’s missing." 👥 Founder/Future Fit: ● Founders need to be obsessed with the future of the problem. ● Sometimes, a team lacking experience is better suited for the future, seeing new possibilities. Other times, seasoned expertise and a proven track record are crucial for building customer trust. ● Greatness hinges on how authentically a team aligns with the future they aim to create.
Thinking about taking the entrepreneurial leap? 🏃♂️🏃♀️ We have a 𝐑𝐢𝐬𝐤 𝐏𝐫𝐨𝐟𝐢𝐥𝐞 𝐒𝐜𝐨𝐫𝐞𝐜𝐚𝐫𝐝 designed just for you! This tool helps you determine: 👉 If you’re ready to jump in now 👉 If there’s some pre-work you need to do beforehand Get a clear picture of your readiness and take your entrepreneurial journey to the next level! 🚀 Drop a comment to get the scorecard!