Scaling startups from seed to growth is a complex journey, fraught with challenges but also brimming with potential. Notable speakers, including Khaled Ghorab, Nitin Reen, Aya Sadder, Ahmad Mirghani, and Sami Bejjani, shared their insights and experiences, offering perspectives on preserving company culture, transitioning from employment to entrepreneurship, and understanding the changing expectations of investors at different stages of a company's growth journey.
Sign up for Step events https://stepconference.com/
Subscribe now to the Step Feed newsletter for a daily roundup of the top tech & business news https://subscribe.stepfeed.com/
_____________________
HIGHLIGHTS
(0:20) Challenges in Scaling Startups from Seed to Growth
(5:36) Challenges Faced by Startups During Growth Stage
(10:58) Scaling Startups, Maintaining Culture, and Trusting Teams
(15:51) Company Culture and Growth Challenges
(20:19) Board Composition and Investor Expectations in Startup Growth
(25:01) Startup Growth and Investment in the Region
_____________________
QUOTES
"You have to be okay with the ups and downs, the constant pivoting, and not having the security of a stable income."
"You need to grow and hit the market, and then you can fix while you're growing."
"Let go of control and trust the people you've chosen to trust."
"You need to have a big goal but cut it into small milestones."
"You have to be prepared for a different risk profile when entering a risky venture."
"The founders should be asking more of the board. The board should be there to serve the founders and add value."
"There's a burden on a founder to generate cash quicker because there's a deficit of funding for later stages in the region."
"Staying good, evolving into something more, that's the real challenge."
"People will look back and see if you really achieved what you promised."
"Preserving company culture is like preserving the taste of a cup of coffee; what you put into it defines its taste."
_____________________
If you’re enjoying this podcast, please subscribe to Step Podcast and leave us a review!
Spotify → https://spoti.fi/3LIG8wj
Apple Podcasts → https://apple.co/3PxIXU5
Anghami → https://bit.ly/3lDKxG4