Jared Goralnick: Real Business Takes Time - Netokracija CEE

Jared Goralnick: Real Business Takes Time

Jared Goralnick, CEO of Awayfind and mentor to a several different accelerators such as 500 Startups and Founde Institute, opened the second day of RockPaperStartups in Rijeka by welcoming everybody and thanking Netokracija team for organizing "a truly inspiring conference". He started by saying that he’s been an entrepreneur for a long time, and that he is here today to point out some of the key things concerning building up and managing a successful business.

Prvopredavanje2WEB
Jared Goralnick, Awayfind (Photo: Marina Filipovic Marinshe)

Jared Goralnick, CEO of Awayfind and mentor to a several different accelerators such as 500 Startups and FoundeInstitute, opened the second day of RockPaperStartups in Rijeka by welcoming everybody and thanking Netokracija team for organizing “a truly inspiring conference”. He started by saying that he’s been an entrepreneur for a long time, and that he is here today to point out some of the key things about building up and managing a successful business.

Big victories: You are not Instagram

Goralnick continued by saying that it usually takes 5 years to create a solid business. When talking about getting acquired most people think of Instagram, but their product is not it and they are not going to score a 1 billion dollar deal in under 9 months. Therefore, Jared added, it is important to focus on scalability of your business.

PrvopredavanjeWEB
Jared thanking our Editor-in-Chief Ivan Brezak Brkan (Photo: Marina Filipovic Marinshe)

He pointed out the Darkroom app, an application which resembles Instagram. Although the company that makes it wasn’t acquired by Facebook, they are doing really well thanks to their work ethics and ultimately, creating good products people like to use. Same thing goes for Rovio, he said, it took them more than 50 games before they hit it big with Angry Birds.

You’re going to put a lot of years into your business and that is going to become your identity.

OMGPOP is also a good example. In 2011 they were running out of money, but after they’ve created Draw Something which was pretty soon acquired by Zynga. Point being – you have to go through a journey in order to create a successful business Jared added.

Little victories: Creating a good team is essential

Goralnick told the audience that he really loves working with his team and that this is a thing that gets him up in the morning. His company, Awayfind, may not have a big user base but they are very passionate about the product and they get emails almost every day about it.

RPSProstor
Packed audience from the early hours (Photo: Marina Filipovic Marinshe)

This was best  showed when they spent more than 6 months developing a new feature. They made a huge bet on it but eventually it paid off as users loved the new improvements. However, it didn’t happen over night.

It just takes the long time to get through this stuff. Think about what motivates you personally. You may not work for a big and successful startup but on the other side you might love what you do. Don’t get worried about these things, they are something that makes you what you are.

People you spend the most time with are a pretty good indicator of what you are or might become he continued. If you spend more time with smart folks who are interested in startups and technology, over the time you will become one of them. But, as with all the other things – it takes time and it will definitely not happen over night.

Aim at the stars, there’s a chance you’ll end up somewhere in the middle or pretty high.

Relationship Marketing

When it came to advertising your service, it’s all about getting to know the folks you’d like to meet or hang out with Jared added. If people don’t know who you are, make sure to be surrounded by the best one’s in the business. After some time, they’ll introduce you to others are people will start remembering you.

Goralnick pointed out that staying in touch with people is also vital to running a good business. Every three or six months you should be of use to them, sent them a tip, or a blogpost you’ve read. Ask people for advice as that will show them that you respect their opinion.

If you want money, ask for advice. If you want advice, ask for money.

Jared finished up by saying that one should also make room for a real time meetup. You should ask people out for coffee, take them to lunch, hustle like crazy. You should Skype or Hangout, as these tools can be very helpful with staying in touch. Video calls can get you closer to a person, even if you haven’t met them in the real life.

Leave a Reply

Your email address will not be published.

Popular

Startups

John Biggs at TechCrunch Balkans in Sofia: There is a Way Out of This Media Black Hole!

The first TechCrunch Balkans meetup in Sofia begun with a loud whistle from Dilyan Dimitrov, founder of the Bulgarian accelerator Eleven, the host of this event. It was startup time! That is right, TechCrunch Balkans, organized by Netocratic, is being held throughout this week – we will have lectures, panels and the most important thing – pitches in front of John Biggs!

Startups

Combine Technical And Marketing Knowledge Within Your Startup Team

You've probably heard about Bellabeat, FlyKly, or Layer? Well, three years ago they didn't exist! Now they are at the top of their industries, but how did they do it? Was it enough only to have the right idea or did they also need to have knowledge to conduct business in today’s competitive environment? Specifically, what kind of knowledge do startups need to succeed and not repeat the many mistakes of the 90% of startups that fail?

Startups

Slovenian ‘Booze’ Startup Flaviar Raises 400.000 $ from Speedinvest!

Slovene-British startup Flaviar announced today that it raised a seed round of 400k $ from American fund Speedinvest. This one year old company ships monthly tasting packs of 5 sample spirits (whisky, rum, gin, vodka, etc.) to their members, each month with a different theme.

What you missed

Development

Infobip’s Developer Relations Team Wins Two “DevRel Oscars” in London

Development Relations team of global cloud communications platform Infobip won two prestigious awards at the DevRelCon London 2023.

Development

Through a series of developer meetups, Infobip came to the front of technological transformation in Africa

The first Croatian unicorn organized a series of successful developer meetups, which confirmed its leading position in this fast-developing continent.

Sponsored

What are Croatian designers of creative business spaces doing in the Emirates?

Croatian consulting company DC&T, specializing in creative, efficient, and humane office space design, is setting out to conquer the world markets. First step: Dubai.

Tech

One the best European developer conferences is coming to Miami

Shift in Croatia attracted thousands of developers and thus made its way to the very top of developer conferences in Europe. Now they are ready to cross the borders of Croatia and come to the USA. Applications for Shift Miami are starting soon!

Sponsored

Infobip (W)intership: Not only for software developers, and not only during summer!

More than 115 mentors will work with 130 interns at 7 Infobip's regional offices in 2023 edition of their internship programme. Last year 87% of interns got - job offers.

Careers

How does IT Consulting create experts who know how to integrate IT into all business spheres?

Keeping in mind how much the IT industry influences all other industries but also everyday life, it's surprising how little is said about IT consulting, which is practically the bridge that connects the two. That's why we sat down with a junior and two seniors on different career paths - to explore this profession with those who practice it, love it, and live it.