Jessica Mah, founder and CEO of inDinero, discusses how founder work-life balance requirements evolve from early to later startup stages.
0:00 / 0:16exact quote · 16.4s
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“So I think in the early stages of the business, when you have no one to delegate anything to, that is absolutely true. You sacrifice everything. Screw holidays. Screw weekends. You're gonna work, like, all the time. No dating. No, like, personal life. No hobbies. I fully agree with that.”
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More from Jessica Mah
What-if
Mah: inDinero would be half as successful if she had self-funded
“This is incredibly valuable, I believe, and I'm a hundred percent certain my business would not be half as well off if I had the money just sitting right there ready for me.”
Jessica MahJun 3, 2016▶ 8:3420VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders
Insight
Mah: Institutional seed investors create severe signaling risk if skipping Series A
“When you put institutional money into your seed round, and they don't lead an A round, it really sends a horrible message.”
Jessica MahJun 3, 2016▶ 10:3120VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders
Opinion
Mah: Founders will never find patient capital from early-stage institutional VCs
“It's just harder to do that if they're not super patient capital, and you're not going to find patient capital with these early-stage institutionals. That's just not going to happen.”
Jessica MahJun 3, 2016▶ 12:5620VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders
AssertionSupported
Mah: Less charismatic CEOs tend to outperform highly charismatic ones
“There's an HBR study about this, how actually less charismatic CEOs tend to outperform the more charismatic ones, and you've seen this in the Jim Collins books, right? Like I think Good to Great wrote about this.”
Jessica MahJun 3, 2016▶ 4:3620VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders
Insight
Mah: Founders must view fundraising as a core skill, not a chore
“Like, I think we have to change this attitude, thinking, oh, fundraising's a chore, it's a waste of time, it's not value-add, to thinking, actually, fundraising is really important, and we need to start accepting it as being Something that's, like, fun and ful…”
Jessica MahJun 3, 2016▶ 6:3620VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders
Disclosure
Mah: inDinero raised $10M in equity and debt entirely without institutional VCs
“I raised Like, seven and a half million in equity, and then two and a half million in debt, and all from, like, small private firms or individuals.”
Jessica MahJun 3, 2016▶ 9:5620VC: inDinero's Jessica Mah on Why Angel Money Is Better Than Institutional Money and Boards Should Work For Founders
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