Most of the new business ideas I have are nonsense. They come up; I instantly like them, I discuss them with whomever I can find – until I realize that they aren’t half as good as I thought they were in the beginning.
Having been an entrepreneur for more than 20 years, this insight is an easy one – in the late 90’s, that was much harder to accept. Maybe it’s a matter of wisdom of age, or just the fact that today most key performance indicators of the startup exosystem are common knowledge: VCs must agglomerate quite a bunch of portfolio companies until one of them proves to be the exit star that cross-subsidizes all others and pays for the complete fund. Then, there are well-known startup techniques, such as agile business development, that allow for a lean approach, minimizing costs and risks of wrong development paths.
In other words: the startup world has become more transparent, better known, more mature. And, yet. Despite these myriads of mentoring classes and acceleration programs and these libraries full of How-To-Found-A-Business-Books, it seems that the gap between a startup’s plans and expectations and the market’s needs has not diminished much. Each day, I read about startups with ideas I don’t grasp even after thinking several times about them. Sure, it could be my fault, lacking some fantasy like everybody before Steve Jobs presented us the iPod. But, I’m not alone: well-respected entrepreneurs and investors are telling the same story: the majority of startups produce useless products and services.
Since lamenting never makes any sense, there must be a way to change this imbalance. Some aspects of the typical startup process should be adapted to allow a more professional, streamlined way of leading a startup to a successful exit. This is exactly what my colleagues and I are trying to achieve: to bridge the gap between a startup’s precondition and the need of a real, existing consumer, or corporate business partner, respectively.
With Crowdstart Capital we combine our experiences as entrepreneurs, investors and top managers, as well as our existing business with leading industry companies and guide Blockchain startups in the fields of Industry 4.0, Energy, LegalTech, Helthcare and Space on their way to exit. We will ICO in November and start investing in Blockchain projects right afterwards. It will be a fascinating journey – if you feel addressed, come and speak to us.