When starting a traditional business, a founder can be inundated with helpful tips and advice with just a cursory search for resources. However, the marketplace and sharing economy sector is unique in that it is an innovative, ever-changing and disruptive industry. As such, a new marketplace or platform founder may not relate to a lot of the advice that’s out there for the traditional business model.
If only you could get some words of wisdom from experienced marketplace trailblazers that understand your journey, right?
Well look no further, because we’ve asked some of our sponsors and speakers from among the world’s leading marketplaces to give their best advice for startup founders, and here’s what they had to say!
“What’s the one piece of advice you’d give to a new startup Founder?
Andrew Bate, CEO, Safely
“Just start, even if you are running your business on spreadsheets and a whiteboard. Then listen to your customers and build what is meaningful. When tasks get overwhelming, fix them.”
Trisha Kothari, CEO & Co-Founder, Unit21
Tomar Poran, VP Business Development, ActiveFence
“Stay focused and do something right for some users before you do everything right for all users.”
Jeffrey Chugg, Global Head, Risk + Response, TaskUs
“Be extremely selective in who you hire as part of your executive team. Only bring on people who strictly adhere to your core values and vision.”
Kevin Lee, VP Trust and Safety, Sift
“Understand what pain you are solving and if you have product market fit.”