Joe Fernandez, founder and CEO of Joymode, explains his philosophy on writing transparent investor updates to engage and mobilize his investor base.
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“It's not at all about spin. It's not at all about like making them feel comfortable that they put all this money in the company. I want them to be terrified that they put money in this company.”
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More from Joe Fernandez
Insight
Founders who blindly follow board advice will definitely get fired
“If you don't listen to the board, you might get fired. If you do listen to the board, you will get fired. And I think that's true.”
Joe FernandezJul 6, 2018▶ 18:2620VC: Why Serial Entrepreneurship is Overrated, Why You Will Get Fired If You Listen To Your Board & How To Construct Investor Update Emails The Right Way with Joe Fernandez, Founder & CEO @ Joymode
Insight
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“There was one mistake that was really basically impossible to fix, and it was raising too much money at too high of a valuation”
Joe FernandezJul 6, 2018▶ 5:4920VC: Why Serial Entrepreneurship is Overrated, Why You Will Get Fired If You Listen To Your Board & How To Construct Investor Update Emails The Right Way with Joe Fernandez, Founder & CEO @ Joymode
Insight
Joe Fernandez suggests $10,000 internal bounties to disprove major startup initiatives
“So offering like almost a bounty of, you know, let's say, 10,000 dollars to somebody who could concretely say why this is a bad idea and why we'd be better off Putting our resources somewhere else is like a small price to pay to avoid taking that wrong turn.”
Joe FernandezJul 6, 2018▶ 11:1520VC: Why Serial Entrepreneurship is Overrated, Why You Will Get Fired If You Listen To Your Board & How To Construct Investor Update Emails The Right Way with Joe Fernandez, Founder & CEO @ Joymode
Insight
Founders should publicly praise helpful investors to subtly shame unhelpful ones
“I always want to create competition between my investors. I want the folks who have helped me to be recognized, to subtly shame the ones that haven't, and show appreciation for the people who are constantly going out of their way and making introductions and h…”
Joe FernandezJul 6, 2018▶ 23:3420VC: Why Serial Entrepreneurship is Overrated, Why You Will Get Fired If You Listen To Your Board & How To Construct Investor Update Emails The Right Way with Joe Fernandez, Founder & CEO @ Joymode
Opinion
The social identity space should support a multi-billion dollar company
“The opportunity, I still believe, is huge in that space. Like, there should be a foundational, multi-billion dollar, like, fabric of the internet level company, and Doing what Cloud was trying to do.”
Joe FernandezJul 6, 2018▶ 6:3420VC: Why Serial Entrepreneurship is Overrated, Why You Will Get Fired If You Listen To Your Board & How To Construct Investor Update Emails The Right Way with Joe Fernandez, Founder & CEO @ Joymode
Insight
Joe Fernandez argues serial entrepreneurship status is inflated
“And startups are just hard. And I don't think it matters how many times you've been through it. It's gonna going to be hard. And some of the serial entrepreneurship stuff, I think, is inflated, though I appreciate the benefit I get from it daily.”
Joe FernandezJul 6, 2018▶ 10:2120VC: Why Serial Entrepreneurship is Overrated, Why You Will Get Fired If You Listen To Your Board & How To Construct Investor Update Emails The Right Way with Joe Fernandez, Founder & CEO @ Joymode
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