Why startup founders must be paying themselves (with Gary & Armando from Breadcrumbs.io)
This is my first group interview on the show. Gary Amaral and Armando Biondi from Breadcrumbs are talking about their experience of raising money, managing a board, and how to make hard decisions as a startup CEO.
All business (and life) success is in cliches (if only they were followed).
Time is more valuable than money? Yes, you’ve heard that one.
If you are an early stage founder, before you accept an investment into your company, think about the value of your time.
You are committing the next 5-10 years of your life to it.
Think about your company as a way to validate progress for yourself first and for investors second.
Main talking points:
- Why you don’t have to over index on “smart money” as a founder
- How Armando and Gary find the balance between giving away too much of their company and scaling fast
- How to manage your board effectively and don’t give away too much control as a founder
About Armando:
Co-Founder at Breadcrumbs. Previously co-founder and COO in 6 different tech/non-tech companies. His focus has been: fundraising, operations, team mgmt, biz dev... all in a hypergrowth context. Some numbers: raised $4M funding in aggregate, grew teams to 65 people and beyond, directly managed a $10M P&L. Armando served as a Mentor/Advisor for more than 15 startups.
About Gary:
Co-Founder & Chief Product Officer at Breadcrumbs. Brings over 15 years of experience working with clients and employers in SaaS/Tech, Financial Services, Retail, Pharma and more.
Want to see future episode highlights? You can add me on Linkedin here.
Want to see future episode highlights? You can add me on Linkedin here.
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