Secret Academy Episode - Eran EyalAbout:
Eran Eyal is involved in multiple kinds of startups which range from artificial intelligence to insurance. Eran is an entrepreneur, four-times founder and successfully exited two companies. His passion is in startups that solve a significant problem – particularly in crowdsourcing and marketplaces. Among his many titles and achievements, Eran co-founded Evly.com and is the founder of iDea, where he designed 16 mobile phones and sold the concept to a major mobile phone manufacturer. He is a winner of United Nations World Summit Award for most innovative e-business and successfully raised over $2M for his last startup.
Lesson's in Today's Interview:
- How Eran and his brother became involved in startups with IT background
- The first startup Eran founded
- Design - the key to success of his first company
- What a pitch dig looks like
- The importance of teams in your company
- Find out what is your market
- Pinpointing market disruption
- Headache Companies vs. Migraine Companies
- How to know how big your serving market is
- How to measure traction and stickiness for a product/service
- Make people pay for your time
- Starting a business now vs. 10 years ago
- How to raise capital
- How to make people invest in you
- Handling investors
- How to ensure that you earn funding quicker
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