Summary List Placement
The path to building a successful startup is full of challenges, from raising money to facing outside competition.
To help entrepreneurs work their way through some of these challenges, we asked the cofounders of remote work software firm Monday.com, Roy Mann and Eran Zinman, for their take on the biggest mistakes they made.
In 2014 Zinman and Mann launched Monday.com, a project management tool that helps companies manage tasks, teamwork, and projects.
The company now employs over 620 people — 200 of them hired during the COVID-19 pandemic — and has more than 100,000 paying teams including Adobe, Walmart, and McDonald’s.
The company has offices in Tel Aviv, New York, Sydney, London, San Francisco, and Miami and has raised $234.1 million to date from investors such as Sapphire Ventures, Hamilton Lane, and Stripes Group.
The business is now worth $2.7 billion.
“I made every mistake you can make as an entrepreneur … but I’ve learned a lot from that experience,” Zinman said.
Both Zinman and Mann failed to get their startups off the ground before joining forces for Monday.com, and say failure was key to Monday.com’s current success. They have created a podcast to share some of these past failures.
Here are the five …read more
Source:: Businessinsider – Strategy