20VC: Eight Items of Startup Recommendation which can be BS: Why You Do Not Must Love Your Area, It Is Okay To Do It For The Cash, Focus Is Not All the pieces, Velocity Is Not The Most Necessary Factor with Akin Babayigit, Co-Founder @ Tripledot Studios

Posted on twenty sixth June 2023 by Harry

Akin Babayigit is a serial entrepreneur and an energetic angel investor. He’s at the moment the Founder and COO of Tripledot Studios, one of many fastest-growing cell gaming corporations on the planet, which was not too long ago valued at over $1.4BN. In simply 4 years, Tripledot grew to generate a number of hundred million {dollars} per yr in income and at the moment entertains over 50 million individuals each month. Tripledot was not too long ago named because the #1 fastest-growing European firm by FT, in addition to being named because the fastest-growing Tech enterprise within the UK, within the annual “UK Tech Awards”.

In Right now’s Episode with Akin Babayigit We Talk about:

Entry into the World of Startups and Gaming:

  • How Akin made his method from Turkey to HBS and founding a unicorn in Tripledot?
  • How did the shortage of a father determine affect Akin’s method to parenting?
  • What are 1-2 of Akin’s largest takeaways from his time at Fb, Skype and King.com?
  • What recommendation would Akin give to all new joiners at an organization at present?

90% of Startup Recommendation is Whole BS:

  1. BS Delusion #1: “You need to be keen about your area”. Why does Akin disagree with this? Should you shouldn’t have ardour for the area, what do it’s important to have?
  2. BS Delusion #2: “You need to be fixing an actual downside”. Why does Akin disagree with this mantra? In case you are not fixing an actual downside, what must you be fixing?
  3. BS Delusion #3: “Once you do a startup, your life will suck for a protracted time frame”. Why does Akin strongly disagree with this? Does it get simpler over time? What does Akin advise founders to make the sooner days simpler?
  4. BS Delusion #4: “Focus is all the pieces. It is best to give attention to a single factor and solely do this.” Why does Akin consider that focus might be harmful? How ought to founders know when to pivot vs when to maintain going?
  5. BS Delusion #5: “Mission and imaginative and prescient statements are so necessary.” Why does Akin consider that almost all of mission statements are BS? Is it value having them in any respect?
  6. BS Delusion #6: “It is best to rent individuals with area expertise.” Why does Akin consider it is best to rent individuals who shouldn’t have area expertise? What does Akin search for in these candidates? What have been his largest hiring errors? How has his hiring modified over time?
  7. BS Delusion #7: “Velocity is an important factor.” Why does Akin consider that pace might be harmful? When is it proper to go quick vs go sluggish?
  8. BS Delusion #8: “Valuations matter and it is best to optimize.” Why does Akin consider that valuations don’t matter in the long term? How ought to founders method the valuation dialogue with this in thoughts?

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