Trifecta of Startup Success: Execution, Regulation, & Storytelling

SDS 028: Execution, Regulation & Storytelling

Hey! thank you for reading issue 028 of Startup Definition Sunday (SDS).

SDS is the newsletter for founders, bringing you clarity one actionable tip at a time.

SDS arrives every two weeks (you guessed it) on Sundays.

In every issue you can expect:

• 1 Definition of startup jargon

• 1 actionable tip you can implement right away

• 1 article you should read

• 1 gift for founders

Let's dive in:

(P.S. I'll never sell your information, ever)

Hello there!

Welcome to the penultimate SDS issue for 2023. Thank you for faithfully reading my bi-weekly newsletter.

In case you missed the most recent issue, you can find it here.

As the year comes to a close, it's the perfect time for reflection—for all of us, including myself. Today's issue is a culmination of my reflections.

As an investor, I have a front-row seat to the incredible journey of building a successful startup. However, there are often challenges that founders tend to overlook.

In today's issue, we will explore three commonly underestimated aspects by founders striving to build successful businesses. Let's dive in:

3 Things Early Stage Founders Underestimate

Execution: Execution is the backbone of any successful startup. While having a compelling vision is essential, it's the ability to execute that truly sets apart the winners. Many founders underestimate the level of commitment, attention to detail, and relentless drive required to turn their ideas into reality. Being a founder is the road less traveled because it is the harder path. Here are a few actionable tips to enhance your execution: set clear, measurable goals, build a strong team, and foster a culture of accountability.

Regulation: The importance of understanding and complying with regulations cannot be overstated. Many early stage founders underestimate the impact that regulatory requirements can have on their business. Neglecting compliance can lead to costly setbacks and legal issues. Here's how you can effectively navigate the regulatory landscape:

1. Seek Expert Advice: Consult with legal professionals who specialize in your industry to ensure you are aware of and compliant with all relevant regulations. Establish a strong relationship with a trusted legal advisor who can guide you through the process.

2. Stay updated: Regulations are constantly evolving, and it's crucial to stay informed about any changes that may affect your business. Subscribe to industry newsletters, join relevant associations, and attend conferences to stay ahead of the curve.

3. Create a compliance framework: Develop a robust compliance framework that includes policies, procedures, and training programs to ensure your team understands and adheres to regulatory requirements. Regularly review and update these protocols as needed.

Storytelling: With the fundraising environment becoming more challenging and focused on metrics, many founders have begun to underestimate the power of storytelling. While metrics give investors an idea of the fundamentals of your business, crafting a compelling story around your company's mission, values, and product/service offering can captivate your audience and bring the numbers to life. Startups that are able to define their brand story and leverage multiple channels to share that story will continue to find success.

As an early stage founder, it's crucial to recognize and address these 3 key areas that are often underestimated: Execution, Regulation, and Storytelling. By focusing on these aspects and implementing the actionable tips provided, you can enhance your chances of success and build a strong foundation for your company. Remember, building a startup is a journey, and embracing these challenges will ultimately propel you towards your goals.

If you have learned something valuable today, consider joining SDS so you don't miss exclusive sections in future editions.

If you only read one thing this week, read this...

Coatue’s 2022 paper on: "Fintech and the Pursuit of the Prize: Who Stands to Win Over the Next Decade?”

Why is it worth your time? At the end of the year, it is always great to reflect on the bold predictions investors and other stakeholders made in the past. One year into this “Next Decade of Fintech”, did Coatue get these predictions right?

Founder's Corner

As an investor, I know how challenging it can be for founders to get noticed by angel investors, especially without the right connections.

That's why I created an inbound form to allow founders to share their decks directly with me. It takes less than 5 minutes to complete. By breaking the mold and providing an alternative way for founders to connect with investors, I hope to help level the playing field.

That's all for today! As always, thank you for being a fantastic reader.

Until we meet again in two weeks, here's how we can stay in touch:

• 🐦 Find me on Twitter

• 💬 Hit me up on Linkedin

• 💌 Email me

• 🚀 Sponsor SDS (Reply to this email)

Let's chat again in two weeks,

Jasiel