Almaz Adilbaev, co-founder of Change Angels, discusses why corporate success does not translate directly to entrepreneurship and why founders take multiple attempts to learn startup execution.
“In our experience, so when you're doing your third business or fourth business, yeah, I think that starting from these numbers, you're doing pretty much Like understanding of how to run a successful startup because yeah, that's a completely different story.”
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More from Almaz Adilbaev
Insight
Adilbaev: Oversized Founder Salaries Kill Motivation and Lead Startups to Fail
“Assign them like very high salary, like just would imagine like very big amounts just compared to the finding the raised and just, yeah, let's spend this money. And feels like the, like most of them lost motivation. And yeah, I know that one, the setups failed…”
Almaz AdilbaevFeb 18, 2025▶ 3:13Why Your Third or Fourth Startup Is the One That Actually Works
Insight
Adilbaev: Experienced Investors Can Grasp Pitch Decks in 10 Seconds
“I think that like every experienced VC or investor can really grasp it, like from two or three slides, just like skimming them through. And you're spending maybe 10 seconds.”
Almaz AdilbaevFeb 18, 2025▶ 12:50Why Your Third or Fourth Startup Is the One That Actually Works
Insight
Adilbaev: Big tech credentials are the best ticket to intro calls
“I think everybody looks at, everybody likes like big names, like I don't know, Google or Meta or
Like some software engineers that like top AI startups or I don't know, some big schools or whatever.
Yeah.
Everybody likes this.
So this is, yeah, I would say the…”
Almaz AdilbaevFeb 18, 2025▶ 16:59Why Your Third or Fourth Startup Is the One That Actually Works
Insight
Adilbaev: Pre-seed startups reject small individual angel checks but accept syndicates
“In a pre-seed round, sometimes yeah, I mean, some really great startups may not like mine, might not take your check. Because it's too, it might be too small for them. But if you, like, collect all this money as in syndicate and put just in one bulk, you know,…”
Almaz AdilbaevFeb 18, 2025▶ 18:13Why Your Third or Fourth Startup Is the One That Actually Works
AssertionNot checkable as stated
Adilbaev: VC funds require $100K minimums while angel syndicates require no commitment
“To be an LP in a venture capital firm, so you need to put at least a hundred K investment. So to be part of the angel syndicate to be an LP invested in the venture capital firms, you need a hundred K minimum. But to be an investor with an angel syndicate, so y…”
Almaz AdilbaevFeb 18, 2025▶ 19:43Why Your Third or Fourth Startup Is the One That Actually Works
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