Startup founders have so many priorities to keep track of, it is easy to get lost in the details of each day’s demands.
According to Allison Kopf (founder and CEO of Artemis, a cannabis-focused technology platform for agricultural technology and partner at XFactor Ventures), leading a successful startup can be likened to taking a long roadtrip.
Kopf was named to the Forbes 30 Under 30 List and won the TechCrunch Disrupt SF Battlefield 2015 competition. Artemis raised $ 8.3 million during its 2019 Series A funding round and has been increasingly focused in the cannabis industry.
This one says, “His job basically consists of three things.” “One, ensure you know the route of the bus. Make sure there is enough gas in your tank. Three, ensure that the right people are riding on the bus.
He said, “If you can do all of them, you will succeed in any position.” There are many nuances.
These are three essential things founders should know about leadership.
These three priorities are essential for the success of Kopf’s startup.
You must have a clear vision. He says that you must keep on top of these three aspects. “I need people who know the business and I have to tell the story as often possible.
This includes knowing the right investor to partner with and making sure that your interests and their business model align with yours.
A good partnership must be two-way. It doesn’t matter if you give them money or not. You must give back the money. He said that they should also be good investors and partners for you. Kopf.
Venture capital financing is not necessary for all startups. Kopf makes sure that each company has its own financing requirements to suit their growth strategy and business model.
When you do that, there are many things you need to consider. He says that you must have enough money to keep your business afloat.
You’ll also want to make sure you know where to go if you ever need to borrow money.
“Will [the funders] still be there in ten years? Does it have a future? Do they intend to follow up or are these important to you? Kopf stated.
He said, “The initial phase of the process is very risky.” “You need someone who can be there tomorrow.”
The founder is responsible for finding the right people to join his team and then allowing them freedom to do their jobs without too much micromanagement.
You should be hiring. Kopf says that you shouldn’t spend time on interpersonal management. “I should get people on the bus and direct them in one direction, then I should leave.”
He said, “It seems that some founders – especially when things go very well – get distracted or lose focus.” It makes my job a lot easier if those are my only goals every day.
