Hi!
Thank you for joining our virtual fireside last Wednesday!
A founder's journey is full of ups and downs. We hope that the event equipped you with useful insights and encouraged you to move forward!
If you missed the event, here are the replay and some quick recaps to help you navigate in the e-commerce world during the pandemic:
E-commerce business has been democratized a lot
- It has become easier to launch and manage a consumer startup than 10-20 years ago because of the tech boom.
- E-commerce allows a founder to grow organically by starting with something small, testing it on friends, and upgrading if necessary.
- The industry has created a lot of opportunities to be a vendor for consumer startups. Take some time to brainstorm an idea.
Think broadly about raising investment capital
- If you’re a first-time founder and struggling with raising money in the U.S., look at the regions where the startup industry is less competitive, but there are a great number of potential investors. One of the best examples is Japan right now.
- Don’t talk to investors first; talk to founders if you want to gain valuable feedback and understand if your product or startup works. The venture capitalists always say that it’s too early to raise money.
Try to be creative during the pandemic and ask for help if necessary
- Use the moment to beat competitors if possible by providing customers with additional benefits like free shipping, for instance.
- The pandemic has disrupted shipping routes across the world. Don’t be afraid of asking your professional network for advice or assistance.
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