Ilir Sela
15 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Aug 4, 2023 by Ilir Sela · across every show →
On the record as a speaker too: Ilir Sela's record, appearances and statements → this page counts the times other people say the name.
Everything said about Ilir Sela, oldest first
Aug 4, 2023
Aug 4, 2023
Aug 4, 2023
Aug 4, 2023 neutral
Aug 4, 2023 negative
Sela: Horizontal software like Owner.com cannot successfully vertically integrate across restaurant types
“A restaurant that sells a different product and maybe has table service is a very different business than a pizza shop, which is a very different business than a coffee shop. Now, They may all have the similar need of commerce, which is what a company like own…”
Aug 4, 2023 positive
Slice reached $250,000 in monthly profit during its 2015 bootstrapping phase
“When I was bootstrapping the company in 2015, I want to say February of 2015. I look at my spreadsheet. One day I was tracking my company on an Excel sheet, not even on QuickBooks. And in one month we profited about 250,000 dollars.”
Aug 4, 2023
Sela: Slice created illusion of scale using only two leased cars
“And the best way to do that in a very hyper local way was to buy cars. I leased them, put my brand on these cars, but I can send you the picture if you want to tweet it when the episode comes out, but put the brand on these cars. And then I would park them in …”
Aug 4, 2023
Ilir Sela: Founders should balance investor boards with operators early
“Pretty early on, you've got to also go and balance the board of investors with operators, because sometimes the conversation can become really very financial. It becomes very investor centric as a board conversation versus company centric. And a board is reall…”
Aug 4, 2023 negative
Sela: Small business failure rates will stay high without end-to-end ecosystems
“Until someone figures out how to build an end-to-end sort of ecosystem that changes the disadvantage that an independent has by being independent, I think small businesses, the failure rate will continue to remain high.”
Aug 4, 2023
Sela: Leaders must explain decisions five steps ahead to enable autonomous choices
“I think it's very rare that people clearly communicate the why, because the why is very, very important. Not just the decision we're making, but why are we making that decision? And how can we articulate that? Not just a step ahead, but like five steps ahead. …”
Aug 4, 2023 positive
Aug 4, 2023 positive
Sela: Slice raised venture capital to recruit talent, not for money
“One of the reasons why I ended up raising money was because that was the way to get them involved in the business. And so that's really how my bootstrap company became venture backed. It was almost like not for that purpose as a primary reason. It was to get t…”
Aug 4, 2023
Ilir Sela: Small business ownership is lonely due to endless unexpected problems
“The biggest takeaway is that building a small business is an incredibly lonely journey. It's lonely because you kind of start off this business trying to solve one problem, and then you inherit an infinite amount of other problems that you suddenly have to be …”
Aug 4, 2023
Aug 4, 2023
Sela: Executives have only communicated enough when nauseous from repeating themselves
“A mentor of mine once said, if you're not feeling nauseous, Because you're communicating the same thing over and over that you just feel like, you know, why am I saying this again? Do it one more time. That's how you know that you've communicated enough.”