How to hire and scale up when you’re a fast growth tech startup? We collected some thoughts from C100 mentors and participants from the recent cohort of 48 hours in the Valley, a flagship program for The C100, on these and other subjects of importance to Canadian entrepreneurs.
KPMG in Canada is Premiere Partner of the C100 and this semi-annual event, where the organization selects and invites some of Canada's most promising growth companies to the Silicon Valley for 48 hours of focused mentorship, workshops, investor meetings, strategic partner meetings and networking.
To share advice with the C100 community and the most recent cohort that headed to the program June 22-24, we recently hosted a Twitter chat – #48hrsC100 – to talk about successes and missteps for entrepreneurs as they reach for the next stage of growth.
Our conversation featured David Nault (@VentureBuilder), a principal at venture capital firm iNovia Capital and entrepreneur Sean Lynch (@sean_lynch), who founded TapEngage, a company sold to DropBox in 2012. A handful of startups and supporters also joined the conversation held on June 18.
During the chat, we asked followers about the best and worst advice they received as they began to build and grow their companies. The responses were both revealing and inspiring. Below is a sampling of what we heard.
Best Advice: Much of what we learned focused on the importance of hiring the right talent. Some responses:
We also got some great tips on how to run a startup business with an eye on growth, including how to best approach client and investor relationships:
Worst Advice: Of course not every pearl of wisdom entrepreneurs receive is helpful. Some may be downright harmful. We asked our chat followers what advice they received over the years that they wouldn’t pass on to others. Here are a couple of thoughts:
We’d like to thank everyone who participated in the chat, and for the practical tips and advice that were passed on. The conversation highlighted part of what we love about Canadian entrepreneurs: They are willing and eager to share their experiences – good and bad -– to continue to build a strong and thriving startup community and help foster the next generation of founders.
About the Author
National Senior Marketing Manager Tech, Media & Telecom (TMT) practice KPMG in CanadaMore Content by Linda Montgomery