What Ive learned as a junior entrepreneur in Bulgaria in three years

What Ive learned as a junior entrepreneur in Bulgaria in three yearsWhat Ive learned as a junior entrepreneur in Bulgaria in three yearsSeven years ago I joined one of the first entrepreneurship organisations here in Bulgaria. One of my first tasks welches to conduct a small research on what Bulgarians understand when they hear the word entrepreneur. I was really stunned to see that the average Bulgarian was thinking entrepreneurs are the people who construct huge buildings.Fortunately, things started to change thanks to several significant events that got our capital Sofia listed as one of the top 10 cities to launch a startup. Eleven, a local early stage venture fund was ranked 3 most active VC in Europe in 2015. Launchub, the other local venture fund has recently closed aelendher 18M EUR round of funding. Together they have invested in mora than 200 startups for the past 3 years. Dronamics, one of the newborn ventures, won the Pioneers Festival. Last, but notlage least, the Bulgar ian IT company Telerik got acquired by Progress Software for $262.5M, leading to the biggest industry exit in Central and Eastern Europe.The foundations of a working startup environment are already laid, but this environment is still much closer to the Wild West rather than Silicon Valley. Im following the development of the local startup community both as part of the community and as a founder of a startup we launched 3 years ago. Here are 8 lessons I learned as a junior entrepreneur in our nascent ecosystem.1. Its not fun, but its up to you to enjoy the gameWith the birth of entrepreneurship here in Sofia, there were a lot of startup events prompting you to start your own company. They paint a pretty picture You are going to develop your own ideas, You will be your own boss, You will lead a team and define its culture, etc. I bet it sounds like loads of fun. Well its not. And if for some reason it is, there surely is a problem either in you or in your company. I cant be convince d that facing all kinds of problems every single day, hearing No 10 times per week when you are fundraising, contacting media or even presenting your idea for the whole team to challenge, is somewhat near fun.However, in a startup, theres nothing you cant control, except for schwimmbad luck and bad weather. But here lies the biggest challenge being able to rise above and enjoy the good things in life and business, even when sometimes you want to quit them all. Its one of your most crucial responsibilities as a founder. Feeling blue is normal, but showing it in front of others is something you cannot afford. Youll make it harder for your team to follow you and harder for your investors to say Yes. You should also not forget that building a startup is a long journey and you learn a lot on the way. Not many people have the opportunity to take such a journey and you should do your best to enjoy it, no matter how hard it is.2. There is no finish lineI believe that people should work sup er hard in order to get things done, but there are moments when you have to slow down or completely switch off. So, when is everything going to stop? When would the so-called tipping point come around and make everything easier and better?Well, in real life and especially in a startup, there is rarely a tipping point. I always thought that the usual startup journey would last for a couple of years. This is a wrong and short-sided opinion and it took me a while to realize it.Look at Zuckerberg, Musk or Page do you think they were calculating how much time they would need to make their ideas come to life? Or that theyre not facing any new tremendous problems a decade after theyve launched their products?Do yourself a favor think of your startup as a lifelong race with no finish line. Anything worth doing takes a lot of time. Probably a lifetime.Related articlesPros and Cons of working in a startupHow we killed our HR departmentHow Hotjar built a 100% distributed company3. Press the gas pedal harder after a victory, not after a failureWe all know who Elon Musk is probably the smartest and most successful person living on Earth right now. Personally, I think that he has reached such a level not only because he didnt give up despite the million hard situations he had to deal with.The thing he has mora than others is hunger. He didnt stop when they sold PayPal. Rather he invested his time into creating the first electric car and sending rockets to Mars. He already was a successful person, but for him, it was simply not enough.At the beginning of our journey, I found that we felt somewhat satisfied when we achieved something big. In fact, this motivated us to do even more. Be proud of what youve achieved, but working on the next big thing right away should be your game. Dont settle and dont please your hunger its one of your strongest weapons.4. Everything is everyones responsibilityIf youre a developer, you probably want to code and have someone else taking care of the business. If you are a marketer, you probably want to bring thousands of users to your website, but have someone else handling their questions and complaints. And no matter what you do, its very unlikely you want to handle accounting or fundraising.My theory is that building a great company is not only about getting your things done, its about getting your hands dirty. In a startup, its vital to keep everyone on the frontline of the battlefield as near as possible to all customers, actions, dangers, and enjoyments.The closer you keep your team to everything thats going on, the more they understand the impact and responsibility of their actions. Give major tasks to the younger people too, encourage devs to do marketing and the other way around.Try not to establish the kind of culture that makes your team members do only whats their responsibility or what they have a university degree for and you will be amazed by the results.5. Fear and ego are a junior entrepreneurs biggest enemiesAmaryllis Fox, a former CIA agent, points out the biggest lesson that her work has taught her after 10 years undercoverEverybody believes they are the good guy.Its almost the same case in entrepreneurship. We, as founders, keep saying that we are doing something great, something that helps a lot of people, that we are on the right track, the next funding round is coming and essentially we are the heroes on this planet.The problem here is that entrepreneurs usually have a huge ego, which might help in specific cases, but for me, its the number one reason we fail. Most of the times we are so delusional about our idea, that we are full of self-belief and this blocks us from listening to our friends, investors or customers. You should remain a student and learn every single day even 10 years after youve launched your product. You should be less, say less and not let the ego overcome you.The other thing that could destroy the early entrepreneurial life is fear. The fear of a pote ntial failure, the fear of losing the trust of the team, the fear of what others might think of you, the fear of not closing that important deal and thats normal. But it could negatively reflect on your team, investors, community, even on your personal life and relationships. Fear makes us nervous and reveals the worst side of us. Be ready to show courage and endure danger without ego.6. Not the community, but friends and family are the ones who are going to help you build your startupMany entrepreneurs think that a startups success is defined by a number of users, revenue or fundings it has. At the beginning, my thoughts were the same and there were times when I forgot about all the untersttzungsangebot my friends and family have provided. Theyve put their problems on the side in order to help resolve mine or have just encouraged me and the team after a bad day. Theyve used their connections to make us known. Theyve spent their valuable time reviewing our financials, operations or marketing strategy all for free just because its us. Theyve never refused to help us from funding our financial gaps to just sharing something on Facebook. If I had to list all the names of people whove helped us, Id probably need a whole new post.So my advice is, dont try to build a community. You already have one, just look around. These people are your most important and valuable asset.7. The only startup bubble is your own bubbleLately, many people started suggesting that the next startup bubble is growing and even worse that most of the local startups exist only because of this bubble.In my opinion, its a very big overstatement. Yes, many startups, which probably wouldnt exist in Silicon Valley, were born here only because the European Union has decided to develop and fund the entrepreneurship ecosystem. And thats not necessarily a bad thing. The founders and their whole teams are learning a lot, and even if their companies fail, theyd still bring lots of knowledge to their n ext job or entrepreneurial endeavor.On the other hand, the whole buzz around startups isnt very healthy. Ive met founders who are talking and thinking only about their companies, and this locks them in an even smaller bubble that they have created in their minds. Running a startup doesnt mean you have to be in your office 24/7 or that you should go to every entrepreneurship event in your city. You need to move, go out, spend time with your family, friends and yourself. There are more important things in life than your startup, arent there?8. Life is extremely short and you wont get many chancesLife is short. We all pretend that we know it, but few of us are really aware of it. Three years ago when we founded I was thinking like a typical Generation Y kid. I was assuming that even if we fail, I will learn a lot and that will help me with my next endeavors, especially in Bulgaria, where very few people have startup experience in their pocket.The truth is that our time is now and now only. Second chances in life come rarely so dont just wait around for them. Everyone in the startup world says that you learn a lot if you fail, but Ill assure you that youll learn much more if you succeed.In the end of the day, I think we need a couple of more exciting and successful startups. Telerik still remains the only major example, but the entrepreneurship community in Bulgaria has all the elements it needs to make us a business hot-spot.Looking for more inspiration? Check out our resume examples section that got people hired at their dream jobs.

Bill Gates on the potential (and dangers) of artificial intelligence

Bill Gates on the potential (and dangers) of artificial intelligenceBill Gates on the potential (and dangers) of artificial intelligenceBill Gates is one of the many respected minds of the 21st century that frequently makes a point to inform us about the potential dangers companioning the rise of artificial intelligence.First, the machines will do a lot of jobs for us and not be super intelligent. That should be positive if we manage it well. A few decades after that, though, the intelligence is strong enough to be a concern. Gates told CNET back in 2015.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreHonored neuroscientist, Sam Harris joins him in this sentiment, employing the term, death by science fiction, poking fun at the way many have become so exercisedby the rapid development of various forms of virtual technology, theyre effectively blind to the scary future that potentially rests on t he horizon.If intelligence is just a matter of information processing and we continue to improve our machines, we will produce some form of super intelligence and we have no idea how long it will take to create the conditions to do that safely. Fifty years is not what it used to be. Fifty years is not that much time to meet one of the greatest challenges our species will ever face, Harris explained in a Ted Talk a few years back. For the most part, the experts that augur the dangers of AI do so with both sobriety and measured evidence.Few reasoned minds outright condemn automation wholesale.The responsibility of innovationRecently, philanthropist and Microsoft co-founder, Bill Gates spoke at Stanfords Human-Centered AI conference.Many media outletsbecame fixated on a particular prozentsatz from the prolific investor, one that compared artificial intelligence to nuclear energy. This angle is certainly justifiable, though when observed in proper context, the sentiment of the quote dul ls its bite a bit.Gates fears that The United States doesnt really have a good handle on the global AI research race. The US was in this totally unique position for most of these breakthrough technologies. Now the US is still very much the leader, but not in the same dominant, dominant way, Gates explained.As far hes concerned, the technology is every bit as promising as it is dangerous but if were not careful things can get out of hand very quickly. Here, the parallels between AI advancementsand nuclear energy begin to become more clear, and less frantic sounding. Its a hard comparison to dismiss. Although Gates believes that evidence of super intelligence dramaticallyimproving society so far is limited, he remains optimistic about its potential.Ladders has reported about the admirable philanthropy practiced by both Gates and his wife Melinda through the Bill and Melinda Gates Foundation. Considering this organization seems to fund the majority of his focus of late, it makes sense that the value Gates perceives in artificial intelligence owes itself to humanitarian concerns.If robots are gonna do us any good, Gates motions that itll be in the fields of medicine and education. As verification, he mentioned the recent breakthrough in the premature birth crisis happening in Africa. AI was utilized to screen 23andMe geneticdata, uncovering a link between deficiency of the element selenium and premature births.We expect to see about 15% reduction in prematurity, which for Africa as a whole would project out to be about 80,000 lives saved per year, said Gates.AI for goodMoreover, he hopes superintelligence can be contracted to figure out patterns that enable children to remain engaged and motivated in schools.One begins to understand the thread that separates Gates expectations for artificial intelligence and the breed of expectation that keeps Harris up at night. Gates seems to champion technology that nurtures human virtues tech that keeps us well and informed, as opposed to tech that seeks to make these virtues obsolete-a chance to supercharge the social sciences, he said at the conference.I think allowing our excitement for the new age of automation to be accompanied with a little caution, is more than a reasonable stipulation.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will ersatzdarsteller your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

How to Build Your Personal Brand When Youre an Introvert - The Muse

How to Build Your Personal Brand When Youre an Introvert - The MuseHow to Build Your Personal Brand When Youre an Introvert When it comes to excelling in your career, you likely know that building and growing your personal brand is a key piece of the puzzle.But, heres the thing The very thought of pasting on a smile and a name tag, shaking the hands of a bunch of strangers, and reciting your elevator pitch makes you nauseous.You consider yourself an introvert. Now, contrary to popular belief, that doesnt automatically qualify you as someone whos painfully shy or dislikes people altogether. Instead, as Myers Briggs explains, you get your energy from a mora internal source- like your own thoughts, ideas, and time for reflection. In contrast, extroverts feel most energized by activities and groups of people.But dont worry if the thought of mingling makes you super uncomfortable. Personal branding isnt all about schmoozing over cocktails at a networking event- in fact, thats only a very small slice of it.Here are a few ways that you can build your personal brand, without having to pretend youre an extrovert.1. Leverage Social MediaSocial media is an incredibly powerful tool for personal branding- for both introverts and extroverts. But, for those who prefer a little more alone time, leveraging social media can be particularly appealing.Start by ensuring your profiles are all up-to-date. That way, they can tout your skills and accomplishments for you, without you so much as saying a word.After that, try joining LinkedIn groups or Twitter chats to participate in discussions relevant to your industry and connect with fellow professionals. Post interesting articles or updates you find to your own profiles. You can even write and publish your own content on platforms like LinkedIn or Medium.All of these tactics are far less anxiety-inducing than needing to strut up to a stranger at a networking event. Plus, they all reinforce your qualifications, keep you visible, and e ven establish you as a thought leader in your field- all without having to leave your computer.2. Focus on RelationshipsAs an introvert, youd much rather have a one-on-one conversation. Youre focused on meaning and might dread the thought of working the room to have short, surface conversations with everyone there.So, dont pressure yourself into thinking that you need to be the center of attention, speak with a large audience, or speed date as many connections as possible in order to foster a solid reputation.If you continue to build one meaningful relationship at a time with the people who actually matter to you, by setting up informal meetings or coffee dates, youll actually end up with a stronger personal brand (and more beneficial network) than those people who fly around networking events engaging in endless conversations about the weather.3. Expand Your QualificationsExpanding your skills and expertise is a surefire way to solidify and improve your personal brand. However, man y fail to actually take the steps to do so.Fortunately, this is a perfect option for introverts in particular, as it typically provides the opportunity for more reflection on your own ideas and even some more quiet time to learn a new skill.Take that online course youve been meaning to get around to. Read that book thats been collecting dust on your shelf. Or, pursue that certification that youve been telling yourself that youll get one day. You know the one? Its been bookmarked in Chrome purgatory for the past three years.Once you complete your extracurricular, make sure to post your new certification on your LinkedIn, your resume (if relevant) and your personal website to cash in on the branding payoff.Investing in yourself is always recommended. Itll strengthen your resume and your qualifications, but typically wont require time spent in the spotlight.4. Create a Plan for NetworkingEven if you consider yourself an introvert, you know that in-person networking is still unavoidable . Whether its at a conference, an awards dinner, or any other sort of professional event, youre probably going to find yourself in a crowd of strangers every now and then.Listen, this can be intimidating for even the most outgoing among us. So, dont beat yourself up for feeling nervous or anxious- thats perfectly normal.However, if youre aiming to strengthen your personal brand, youre still going to want to use this time to your advantage by engaging in some conversations and making a few key connections.One of the tactics that can be particularly helpful for introverts is to have a plan- before ever even wandering into that sea of people. Are there any specific attendees youre hoping to chat with? Great. Think through ahead of time how youll approach them and what youd like to talk with them about. You can even arm yourself with a few conversation starters.Knowing that you have a plan in place will help to boost your confidence and make that event a little less overwhelming. Plus, if you can keep your focus on having those one-on-one conversations that you know are most beneficial to you, itll be that much easier to forget youre in a jam-packed room.Oh, and if you reach a point where your energy feels totally depleted, dont hesitate to step outside or head to the bathroom for a brief reprieve and a little time to recharge.Building a personal brand can feel daunting for anybody- but its especially tough for introverts. Focus on doing a few things that could really elevate your brand, rather than overwhelming yourself with all of the options that are out there.Get started by giving these tactics a try, and youre sure to strengthen your network and your reputation- with as little anxiety as possible.