Thyor Ventures

09/13/2018

It’s great to be original, the pioneer or the first; but none of that matters if your ex*****on is awful. In business and startup world it’s all about the ex*****on of the product & services.
Look at all the major tech companies for example. None of them were original or pioneers of their products. How many times have you looked at a new product and thought this is awesome & “revolutionary”, only to be disappointed. Many successful founders & companies took inspiration from the firsts and copied their product, then perfected it before delivering it with impeccable ex*****on.
The processes & systems that build the product and then deliver it to the end consumer while providing a captivating experience is what matters. So be good at your craft. Be very good.
How did you perfect your craft?

09/07/2018

“Secret”, the most overrated word used in defining success. Whether it’s your career, your life, your relationships, or your business.
All that’s needed is grit, perseverance, learning from mistakes, perfecting your art and building on wins, all the while staying humble & thankful.
What’s your “secret”?
📸 Maarten van den Heuvel

09/05/2018

Envisioning your idea and success is necessary to stay on track, and committed to achieving the ultimate goal. Your mind is the most powerful instrument, and optimism should be the only fuel.

08/16/2018

The way founders and business owners tend to deal with success and failure is a crucial indicator of their potential long term success and commitment. It’s also a reasonable indicator of whether your investor partners are a good match.

It’s quite common to come across founders who give up sooner than they should, but it’s also disturbingly common to come across founders who lose their momentum and drive after a major achievement.

Ever wondered why some singers only had one or two good songs and then just disappeared? Or those professional athletes who did great once and then that’s it? Those one hit wonders?

These founders are like one of those one hit wonders. The ability to continue with renewed vigor and determination to do things even better, and repeat and replicate success is critical for successful entrepreneurs. Celebrate your win but take stock and do a postmortem analysis of your success to do it even better. Make it your new benchmark. Your new goal to beat. Compete against yourself. Gamify it if it helps. Don’t let your one time success be your poison.

08/13/2018

When founders and their team are in the incubation or seed stage of startup one of the major discussion points is when to launch their product. Too many are driven by perfection and gravitate towards the need to perfect the product before launch.

That might sound great in theory but is one of the worst things to do from a business strategy perspective. The sooner you get your product to the end user, the sooner you’ll find the real life problems that your team never even thought of.

In fact, it is very likely that when you were “perfecting” the product you focused on issues and features that the end user didn’t even bother with. And in the process you wasted valuable resources, time, finances and most importantly allowed competitors to catch-up or even take a lead.

It’s one of those areas, where you have to fight your instinct of perfection. Don’t release a crappy and buggy product, but also don’t sit on it if it’s usable enough. Improve it later with updates, new features and development. This strategy may also result in a much better product because the product is tailored to user needs and demands. Thoughts?

08/11/2018

There are several philosophies on what constitutes a perfect team, however, every business, startup, industry and market is different and you as a team leader have to define what works best. In our experience this quote by Bezos sums it up well. When we review startups or businesses we tend to focus on their team and leadership and how well they work. Not solely on their prestigious institutions, work experience, schools or fancy alumni.
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We prefer to have a very nimble and dynamic team where every member brings different specialist skills and experiences and a few are generalists. Generalists are very important because they help specialists perform in unison. They also provide great foundation for specialists to do what they do best.
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Too big a team usually results in issues with communication, and coordination, and delegation of tasks becomes cumbersome, non-creative and expensive. In the end your team is no longer like a tip of the sword.
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We tend to use military strategy philosophies in startups and businesses, specifically the special forces teams. They are small, nimble and quick, comprised of specialists and generalists, and their success depends heavily on leadership. They’re also not about show but putting their head down and focusing on ex*****on and achieving results.
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What’s your team strategy?

08/06/2018

The past few years have brought ICOs, SPACs, and crowdfunding as alternatives to the traditional venture capital model. But many startups going that route are discovering that traditional business metrics and short term returns tend to drive these models and investors. That along with extensive disclosures, possible regulatory hurdles, and extensive publicity of deal and the startup tends to not only be expensive but hurts any possible competitive advantage. If you're a stealth startup, then the alternatives models to venture capital are going to be detrimental especially in the B2B space. The traditional VC model is still a startups best bet as they focus on long term strategy, and provide social capital and network that tends to more valuable than financial capital. What is the growth and capital raising strategy of your startup or business? Reach out to build one and connect with suitable private investors.

Several high profile challengers to the traditional venture-capital model, such as crowdfunding, venture studios, SPACs and ICOs, remain in experimental stages or face setbacks. Traditional venture, meanwhile, keeps on kicking.