Personality traits have a statistically significant relationship with your #startups valuation outcome:
Not charisma
Not consensus builder
Not control freak
Not headstrong
Not introv
Not judgmental
Not overconfident
Not perfectionist
Not resilient
Not risk averse
Yes methodical
Above is a from a study by Tom Eisenman from HBS, he adds an important note "While some of the attributes of founders listed above had a statistically significant relationship with valuation outcomes in bivariate analysis, none of them were statistically significant predictors in
multivariate regression. Put another way, it seems that a wide range of different founder types can succeed. And..
while choosing a talented “jockey” may be important for venture success, it isn’t easy to pick the right leader based only on readily observable characteristics like age or personality type." See Thread above.
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#Startups think of the value prop as the next thing you say after the attention grabber.
It's something like: “We help (person) in the (industry) solve (pain/need) by (benefit). We work with (customer) who has (results)"
But value prop is actually a much deeper concept👇
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Of the all the elements, an early-stage #startup customer value proposition is without question the most important. 👇
2/9
Your Value Prop is so important to properly understand because it is the business model attribute that drives technology, operations, marketing, profit formula. 👇
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