{"id":47333,"date":"2023-10-20T15:53:19","date_gmt":"2023-10-20T15:53:19","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/seven-pieces-of-startup-advice-from-envato-co-founder-collis-taeed-startupsmart\/"},"modified":"2023-10-20T15:53:19","modified_gmt":"2023-10-20T15:53:19","slug":"seven-pieces-of-startup-advice-from-envato-co-founder-collis-taeed-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/seven-pieces-of-startup-advice-from-envato-co-founder-collis-taeed-startupsmart\/","title":{"rendered":"Seven pieces of startup advice from Envato co-founder Collis Ta\u2019eed – StartupSmart"},"content":{"rendered":"
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Envato co-founder Collis Ta\u2019eed says he didn\u2019t realise venture capital was an option when looking at ways to grow the business in its early days.<\/p>\n

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\u201cI didn\u2019t know that you could make people give you money for your business, so that kind of meant that it didn\u2019t even occur to us to try,\u201d he says.<\/p>\n

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Since being founded in 2006, Envato has grown its community organically to the point where it now reaches millions of people around the world.<\/p>\n

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Speaking at a Startup Grind Event in Melbourne recently Ta\u2019eed says there are advantages and disadvantages to raising venture capital.<\/p>\n

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\u201cI suppose the big benefit was not being on someone\u2019s timeline,\u201d he says.<\/p>\n

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\u201cTake this all with a pinch of salt because I\u2019ve never had an investment or raised money. So I don\u2019t know. But from what I\u2019ve read I think an investor brings with them expectations for what they\u2019re after.<\/p>\n

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\u201cBut I can see that it would be neat to have investors to mentor you and guide you. Investors will often represents more than just money, they\u2019ll bring wisdom, mentorship, experience, and that\u2019s something I suppose to some extent we were lacking.<\/p>\n

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\u201cObviously money can bring speed to escalating what you\u2019re doing. So for us as a bootstrapped company you\u2019re going quite slow because you\u2019re always just reinvesting your profits back into the business, and that caps the level of inorganic growth you\u2019re able to take on.\u201d<\/p>\n

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You can check out more of what Ta\u2019eed had to say in the seven videos below.<\/p>\n

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On Wednesday November 19 Startup Grind Melbourne will be hosting the co-founder and executive chairman of internet investment fund Future Capital Domenic Carosa. For tickets head across to Startup Grind Melbourne\u2019s Eventbrite page.<\/p>\n

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