Latest / Founders and Funding / Ep 15 - Adriana Ignat - COO of Pulsate and Founder of VEKT AI
Transcript
- 0:01Hi, welcome to the Founders and funding podcast.
- 0:03I'm your host, Philip Smith. On the podcast, I'll be
- 0:06interviewing founders, investors, startup advisors on
- 0:09how to fund the journey of your startup and some tips and advice
- 0:13they have for you along the way. This podcast is sponsored by
- 0:17Perfect Technologies and Late. Enjoy the episode.
- 0:23Hi, Adriana, welcome to the Founders and Funding podcast.
- 0:26Hi Philip, thank you so much for having me.
- 0:30Thank you so much for coming on. To start us off, Adriana, could
- 0:33you just tell us about your company and your role?
- 0:37Yeah, sure. I am currently in a role of CEO,
- 0:41Chief Operations Officer at a company called Pulsate.
- 0:45It is an Irish native company that provides martech solutions
- 0:50for orchestrations for online banking in the US.
- 0:55Fantastic. And you're also an entrepreneur?
- 1:00Yes, I've been. I've been lucky enough to spend
- 1:05a lot of time being both an entrepreneur and an
- 1:09entrepreneur. And I have dabbed into the world
- 1:12of founders and investors. And I have, I suppose, bird the
- 1:16bird the brunt of of trying to build up my own company last
- 1:21year. And at the same time, I have
- 1:24made an intentional effort to sustain my career as a senior
- 1:29leader in product and engineering departments.
- 1:32Fantastic. You know, I think that's really
- 1:34smart. I think if my own experience of,
- 1:37of starting a company and, and trying to balance out with work,
- 1:40you know, I went into my own, uh, founding a journey too
- 1:44early, looking back now years ago.
- 1:46So I think keeping the job there, uh, keeping a stable
- 1:49income, uh, well, allowing yourself to still work on the
- 1:52business as well. I think is is is actually a
- 1:54really smart way to do it, yeah. It's, umm, it's, it's smart,
- 1:59yeah, it's for sure it's Mars. And I think it's a, it's a
- 2:02privilege. It's, it's really hard, I would
- 2:07say. And it's a, it's a test of
- 2:09resilience. Definitely harder in my
- 2:13experience, to be an entrepreneur and to try and
- 2:17build something from scratch. I think when you are an
- 2:19entrepreneur and especially, you know, when you have a career in
- 2:23in, in that that that has decades behind you, I guess you
- 2:28can avail of support from good teams.
- 2:32You know, you have processes to follow.
- 2:34You have resources, you have people to ask to you have
- 2:37constant support around you, which if you want to try
- 2:42something on your own with, you can possibly leverage with in,
- 2:47in the limits of compliance, of course.
- 2:50And I think that this has been my own journey and it has been
- 2:54really beneficial for me to try and do both at the same time.
- 3:00Yeah, fantastic. Well, I hear that a lot because
- 3:02from the founders they have met that do both often they get
- 3:06their first customers through their relationships they've
- 3:09built in their network from their career.
- 3:11So you know, I don't think it's, I think it's a positive and a
- 3:15great help and to to look at I suppose you know, things now.
- 3:19So what? What does an average day look
- 3:21like right now? Oh gosh, yeah.
- 3:23So, um, let me just start by saying that since I started this
- 3:27role in Pulse age, which has been absolutely incredible, it
- 3:32is my first C level role. Um, I am working with an amazing
- 3:37team here at pulse 8. We have a very globally
- 3:39distributed team. Um, it whole state is one of
- 3:43those places that keeps the enthusiasm of a startup and the
- 3:46pace of a startup, but it is somewhat far more mature than a
- 3:50startup in terms of operations and I suppose rigor to process.
- 3:56And I guess in doing that, I have as of late, I'm, I'm only
- 4:02in the role six months, but I, you know, my, my journey as a
- 4:05founder has taken a step back, obviously, but I have had
- 4:09experiences of working experiences where I have done
- 4:13them both at the same time. And to be honest with you,
- 4:17evenings would have been very much focused on a wild mix
- 4:24between family and dinner and kids and my role as a mom and a
- 4:28partner with, with answering emails from fellow founders or
- 4:34potential investors or even, you know, clients and prospects
- 4:38which trying to build my own social media online.
- 4:41And then during the day, I would just be, you know, focusing on
- 4:45OK Rs and on my teams and I would be meeting with clients in
- 4:49my normal day-to-day job. So it's true that when you do,
- 4:54you know, when you do both at the same time, you have to be so
- 4:57incredibly disciplined with both your days and probably your
- 5:00early mornings and your evenings.
- 5:03I am not someone who glorifies the grind or, you know, what is
- 5:07often said as, you know, the 5:00 AM entrepreneur or, you
- 5:11know, it's not a, it's not a sustainable way to life, but you
- 5:15can bring a lot of success temporarily.
- 5:19And it is something that I really wanted to do myself.
- 5:23It was very intentional. I didn't just fall into the
- 5:26situation. I knew I wanted to try and do
- 5:29both really well. It is possible.
- 5:32I think the one thing that probably founders need to keep
- 5:35in mind is that there are limitations to how far you can
- 5:38go as a founder when you also have a job.
- 5:41There are limitations of how far you can go in your career when
- 5:44you want to push the pedal on your founder journey.
- 5:48In addition to that, I think I couldn't have done both of them
- 5:52at the same time in my previous career if I didn't have a very
- 5:55supportive home system. And and you know, you simply
- 6:00cannot do your you, you can't do it all.
- 6:04You have to have priorities for a certain amount of time and you
- 6:07have to have a very good agreement at home as well that
- 6:10that that is possible. Yeah, absolutely.
- 6:13I know I think it really is it's, it's very difficult to
- 6:16juggle both like there's pros and cons to us, you know, it's,
- 6:18it's, it's great to have the, uh, the, the income and the
- 6:21network and everything as well. And, and it's less stressful in
- 6:25some ways, but certainly it was time.
- 6:27Uh, you do only have so many hours in the day and especially.
- 6:31You, you'll get the weekends as well.
- 6:33And sometimes at the weekend I would spend far more time on my
- 6:37business and, you know, I would start, I, I knew that the
- 6:41weekend was a quiet time for business in general, but it's
- 6:44not a quiet time for early stage founders.
- 6:47And we do a lot of LinkedIn work.
- 6:49We do a lot of community work. We do a lot of proposals.
- 6:52We do a lot of e-mail scheduling of post scheduling.
- 6:56You do a lot of training that that is required for you to be
- 7:01able to be part of these communities in showface and, you
- 7:04know, put together a pitch. You could also be engaged at the
- 7:09weekend in programs like New Frontiers, for example.
- 7:12And I think the weekends were typically the time that I would
- 7:16be far more more focused on what I wanted to do at Vect.
- 7:21Yeah, absolutely. Well, look, I, I, I fully agree.
- 7:24And I think as mentioned before, they're like, there's, I think
- 7:27the 5:00 AM, you know, trying to work 20 hours in a day, I think
- 7:33is just a quick way to get burnt outs.
- 7:34I think the balance is really important.
- 7:36And to look at then Morris on the funding aspect, Adrian, how
- 7:42has your company funded its journey to date?
- 7:45Oh God, I think it was a massive test of creativity, obviously.
- 7:49So Vex was born from from a desire to build my own AI
- 7:57company after being the vice president of product and design
- 8:01at a startup and I started the company sometimes in April.
- 8:08I've had really good success with the company early on and
- 8:12some intake of clients that supported that supported the
- 8:18business through a couple of months in my living.
- 8:22But it you quickly run into, you quickly run into this conflict
- 8:27around how much can I do? So at the time I was working
- 8:30full time as a founder. I started becoming obsessed
- 8:34with, you know, going to events and probably spending my time
- 8:38more so around making a splash out of the name of action.
- 8:42What I wanted to do back at that time was an AI transformation
- 8:46consultancy. It's still it's still an AI
- 8:49transformation consultancy. And I am now looking to see, you
- 8:54know, ways to, to bring that closer to a product company with
- 9:00time. I think right now my focus is
- 9:02definitely my career, but that's what I would, that's the
- 9:05ambition I would like to have for, for my entrepreneurship
- 9:08journey. In relation to funding sources
- 9:13at in the beginning, you know, I just accepted I will probably
- 9:19run on very little money because this was something that I, I
- 9:24really wanted to do and I didn't have a certain client.
- 9:27And so I want to be honest and I want to say that I had some
- 9:31savings for, for us as a family to be able to exist with the,
- 9:36with the single income format where my husband was the only
- 9:39one working. And I realized very quickly that
- 9:43if you're not clear and disciplined with your timeline,
- 9:46you can run out of gas in within weeks because there is a lot of
- 9:52distraction for early stage founders in relation to events
- 9:57and summits and. Please follow.
- 9:59And I think it, you know, you're so driven to that also from from
- 10:04a pace of learning and you want to connect with those people.
- 10:07And it's a necessary step to do so.
- 10:09But at some point, discipline has to kick in and you have to
- 10:13be very scarce with your, your time and really focus on how
- 10:17you're going to bring the cash in because you're just going to
- 10:19become, you know, a circus constantly on display in places
- 10:25where maybe, you know, it's fruitless.
- 10:27And so I started to become really intentional with the
- 10:30sources of money that I was going to have.
- 10:34And I knew that, you know, as a consultancy, I could have really
- 10:36scaled above 10 maybe interactions a week.
- 10:42And so I started to really work towards securing those 10
- 10:47interactions a week, which was the capacity that I had at the
- 10:50time. And started to really calculate
- 10:53how much would I need to feel comfortable for, you know, to
- 10:59fund myself and the business to to go with this 10 a week.
- 11:04Now in the beginning, I because of the effort I had to go to
- 11:08these events and meet people, which is absolutely necessary.
- 11:12It went really well and I was able to secure more than 10
- 11:15consultations a week to my surprise.
- 11:19But I think as I stopped doing the marketing, you know, it's a
- 11:22constant, it's a constant effort that is a time fruitless, but it
- 11:26needs to be done in order to sustain the business.
- 11:30So what I have done in the past, I've come up with very creative
- 11:33ways to secure funding and help from the Leos and from other
- 11:39state help. I know in entrepreneurship
- 11:43literature in Ireland can be a little bit negative around how
- 11:48much the state is doing for early startups and I don't think
- 11:53it's not true. But it I've had a very different
- 11:56experience. And I have to say, as a Romanian
- 11:59national who's been in Ireland for 16 years, I've been blown
- 12:02away with the amount of support I have received personally to,
- 12:07you know, even for small things like buying a computer or going
- 12:11to a free class or learning how to do, I don't know your taxes
- 12:17for free. And there's so many things that
- 12:20exist here and I think we're taking for granted and, or maybe
- 12:23they're very normalized, but they don't exist in other
- 12:26places. And I think it's always
- 12:28important to aspire in one more. And that's true.
- 12:31But I also think for me personally, it's been a great
- 12:34help and a source of income. One other thing that I've done
- 12:38to fund my time at the end of the day was to exchange
- 12:43knowledge with other founders or other SM ES at the time where I
- 12:47would give something for free, a talk or our training and then I
- 12:50would receive something for free from from fellow fellow
- 12:55entrepreneurs at my stage. And that has been really helpful
- 12:59because I think in the beginning I wasn't necessarily lacking
- 13:03money per SE, but I was lacking the knowledge and I was lacking
- 13:07the network and I was lacking the brand.
- 13:10And, and that is also an incredibly important cost to an
- 13:15early stage founder. And it's often often overlooked.
- 13:18We tend to be very focused on money hitting our accounts, but
- 13:22these are all invisible costs that take time and at the end of
- 13:25the daytime is our biggest currency. 11 important element
- 13:32of funding for me was also to start writing on sub stock and
- 13:37get money from publishing. I've been in, I've been in
- 13:39Google for a really long time and I worked with publishers and
- 13:43in, in my time as a, as a leader for Google Ads and Google Ads.
- 13:51And I've seen both, you know, both ends of the spectrum, both
- 13:55on how you could bring money as an advertiser and as a
- 13:57publisher. And I learned very quickly that
- 13:59if there's something, something that I would like to do to
- 14:02secure my funding is to become a publisher of content.
- 14:07And so I started publishing content left and right and it's
- 14:10really helped bring, you know, maybe 500 euros, €600.
- 14:14And I think it may sound odd. That's really, really, really
- 14:16little, uh, but it did help me, that helped me support my, uh,
- 14:21living and that of my family. While I chose not to jump
- 14:25straight into another job and focus on building something at
- 14:29fact because at the end of the day every every every penny
- 14:32counts as they say when you are doing this for the first time.
- 14:37Absolutely. And what is the?
- 14:40You've partly answered this already, but what is the best
- 14:42way to fund a startup strength in your opinion?
- 14:47I guess it's really depends on what your goals are.
- 14:55Look at I'm, I'm going to be very honest, I think my goals
- 14:58started to be more and more ambitious as I started realizing
- 15:01that some of this felt achievable to me.
- 15:05First started I was like, well, if I can get I don't know, €6000
- 15:11a month from this, I will be so happy because I think my only
- 15:15benchmark for comparison was I don't know a good salary that I
- 15:20would like to have maybe working for a company.
- 15:23And I gave myself these smaller goals to achieve.
- 15:28And then when I started achieving them and maybe, you
- 15:31know, threefold achieving them, I, I realized that I, well,
- 15:35maybe I should be far more ambitious when it comes to not
- 15:38only how I make money, but but also how I fund the company.
- 15:42I think it's OK to start small. I think many fund founders start
- 15:46very big and they are crushed under the weight of, you know,
- 15:53funding rounds of being investor ready.
- 15:56And they focus so much time on researching and rerunning pitch
- 16:01decks left and right. Meanwhile, you know, maybe they
- 16:03have missed opportunities for partnering up with other
- 16:07founders or missed opportunities for going for dinner with the
- 16:11potential client, or they have missed opportunities to go to a
- 16:16training that, you know, are like the government might have
- 16:19might have put up for for for them.
- 16:22And I think it's important to allow yourself to start small
- 16:25unless you have an incredible idea.
- 16:29And I think it's also important to remember that the best way to
- 16:33fund yourself is to have a good team.
- 16:38Very rarely, it's been my experience anyway, we're very
- 16:41rarely that I've had the conversation with an investor or
- 16:44a network of Angel investors or even VC money or even, you know,
- 16:49grants from Enterprise Ireland or the Leos.
- 16:52Very rarely. They focused on the idea.
- 16:55The idea was great. And as long as it wasn't a
- 16:58really bad idea, they were happy to continue talking.
- 17:01But they were really focused on, OK, who are you and who are you
- 17:05doing this with? Who are you doing this for?
- 17:08And I think the credentials that you are able to bring to the
- 17:11table will unlock the best avenues for you to get funded.
- 17:16In more practical terms, for me, I've done really creative things
- 17:21in the beginning. I remember, I remember, you
- 17:24know, talking to an accountant where I could register the
- 17:27company in a different county so that I could possibly go to the
- 17:31Leo's in that particular county. So I couldn't be, you know, it
- 17:35was, it was, it was easier for me to go to Kildare or I'm based
- 17:40in Dublin. And I know that the Leo, the Leo
- 17:42folks in Dublin are so swamped. And I just, I just needed advice
- 17:46right away. And it was difficult sometimes
- 17:49to get from their calendars. Now that has changed since.
- 17:53But just, yeah, I think the first place to go to is
- 17:58definitely the Leo's. Well, I don't know for, for the,
- 18:01for the ambitions that I had at that point in time.
- 18:04I think if your goal as a founder or maybe you find
- 18:07yourself at your third startup, your 4th startup, you're maybe
- 18:11more tenured, you have good ties in VC and maybe you want to go
- 18:16to the Y Combinator or Antler, you know, other international
- 18:21avenues. It really depends on the scale
- 18:24of your dream and your team and your idea.
- 18:27I wasn't in a position where I wanted, where I had ambitions
- 18:30for millions of dollars in investment.
- 18:33So I just went from a place of OK.
- 18:38I spent, I spent almost 15 years in corporate.
- 18:44I had a massive network in corporate.
- 18:47I didn't really know the, the start up scene and I didn't
- 18:51really felt feel equipped in April of 2025 to go in and say
- 18:58hello, you know, I've done this. I'm a great leader.
- 19:01I, you know, here's my CV. Can I have $5,000,000?
- 19:05I just didn't think that was enough.
- 19:07So I had to adjust my expectations as a founder to
- 19:12where I was and meet me myself where I was.
- 19:15And I think that was a good thing because I just then
- 19:19started going to the places or to the people who could help me
- 19:23with the money that I needed or with the knowledge that I could
- 19:26receive at that point in time. And I think you, as a founder,
- 19:31you are often exposed to content that celebrates an incredible
- 19:36amount of money or, you know, huge.
- 19:39Yeah. Huge funding, Very true.
- 19:41It's, you know, it's very, it's very, I think, I think it can
- 19:46put you in a place of delusion and take away from your, from
- 19:53your, from your founder energy. And I think we have to remind
- 19:56ourselves that there are founders, we're starting from
- 19:59zero, both in terms of money and network.
- 20:02And I suppose the process and the knowledge to to do something
- 20:07like this. It is not impossible to start
- 20:10very small. And if there's anything I could
- 20:12tell to people wanting to start their own businesses now is to
- 20:16start with communities. And I think tech founder is an
- 20:20incredibly community for women founders, but there's.
- 20:23Other communities who are there for business owners who want to
- 20:27scale up and maybe are looking for really big money now, and
- 20:32one of those is Kella again for women, which has helped me
- 20:36incredibly an incredible community for me to secure more
- 20:42connections in getting from people who mattered.
- 20:46Now there's obviously a lot of communities specifically geared
- 20:49towards tech founders and you know, you could go to AY
- 20:53Combinator or you could go to Antler for for pristine advice
- 20:57and then you'll probably get some grants there.
- 21:00Or you could go to the New Frontiers if you've done the
- 21:02Leos and you can get some equity free grounds there.
- 21:06Or you could just simply go to the European Union and see what
- 21:09programs they have specifically to your industry and to who you
- 21:13are as a team and apply for those grants, which are now very
- 21:16accessible. So there's many ways to sustain
- 21:20yourself. I think for the first few toe
- 21:26dips in the in the in this waters.
- 21:30If you are someone who's coming like myself from corporate where
- 21:33you've done really, really well but have no idea what what to do
- 21:38when you are out of this world and you are faced with a
- 21:42possible Ave. to become a founder, you have a really good
- 21:45idea and you don't know. Just adjust your expectations
- 21:48that you're probably not going to be talking to a Shark Tank in
- 21:52two weeks and get, I don't know, 5 million in found funding.
- 21:56And that should not be your goal.
- 21:59You know, start small, go with the grants that you can sustain
- 22:02yourself. Essentially at this early stage
- 22:05is it is a mastery of discipline, bootstrapping,
- 22:10trying to take advantage of the networks and the governmental
- 22:14health that exists out there. And just really allow yourself
- 22:18to have more of an internship as a founder rather than try to
- 22:22identify as, you know, a tenured funder who is now looking to
- 22:26build the next million users technology.
- 22:30Let's just just, it just doesn't happen that easily.
- 22:33And I think acknowledging that and acknowledging that you don't
- 22:37need to have access to millions and millions and 1,000,000 right
- 22:40away is, is going to help you in the long in the long run.
- 22:47Yeah, absolutely. I think there's some really good
- 22:48points made there, Adriana. And it is so true as well.
- 22:51Just to highlight, and you said about, you know, all that
- 22:55there's all these stories of founders who've raised, you
- 22:57know, 10s of millions or they're doing hundreds of millions
- 23:00annual, uh, AIR. But you know, for, for start up
- 23:05founders or just starting off, it's extremely intimidating.
- 23:07And it's also misleading as well, you know, because there
- 23:10are all sorts of, uh, types of companies and startups that, uh,
- 23:14will operate at different levels and that still need to be
- 23:17supported and, and, uh, you know, get to where they need to
- 23:19get to as well. And so I think that's a really
- 23:21good point. Measure of success, I will say,
- 23:24you know and umm, I think we are often talk about that as the
- 23:28measure of success with your, this company raised 10 million
- 23:31and this company raised it must be successful.
- 23:33And I think I think it's important to know that a lot of
- 23:39years went into that moment in time that is being celebrated
- 23:43and a lot of generations of teams that that founder might
- 23:47have gone through to be able to secure the trust for investors
- 23:51to put down such a large amount of money.
- 23:53It didn't happen overnight. And these founders also have
- 23:58started small at some point, you know, it's, it's and have gone
- 24:03through the frustrations of, I don't know, having to talk for
- 24:07free to places and having to give their knowledge and their
- 24:10IP for free and having to have doors lanced in their nose.
- 24:17And I think, I think it's a, we rarely talk about that or we
- 24:21glance over it and then we're like, well, how can I get $10
- 24:24million, which is, you know, great.
- 24:28But I think that feels great. But I think it's important to to
- 24:34acknowledge that we live in a country that supports early
- 24:37stage founders beyond money with with, with, with knowledge and
- 24:44with specialists who are provided by the government.
- 24:47I know again, there is a lot of, you know, negativity around the
- 24:52fact that we're just low and we're not keeping up.
- 24:54And I think, I think it could be true in some state, in some in
- 24:57for some, for some companies and the experience of founders.
- 25:02But in general, it's been incredible for me to be
- 25:05surrounded from the get go. I remember it was the first time
- 25:10that I was being chased for by by folks in Enterprise Island or
- 25:15Leos for things that didn't feel like I was owing them something.
- 25:20Like it was just them wanting to give me the support because
- 25:23typically you were chased by the government to pay your taxes or
- 25:26something. Yes, yes.
- 25:28Wait, do you want to give me things?
- 25:30And I, it just felt so empowering and it just felt so
- 25:33encouraging to also be OK with the thought that hey, I'm only
- 25:38one person here for the time being.
- 25:40I have maybe 6-7 hours a day you don't I, I need maybe 3K to
- 25:48survive here. I need some mailbox money and
- 25:51that would be great for me to to gain back some time if I could,
- 25:55if I could get you know these helps.
- 25:57And 1st, to focus on the story, to focus on meeting clients, to
- 26:04focus on posting up things, to focus on going to events and
- 26:08showing phase, to focus on getting mentorship and all of
- 26:12that stuff that happens during the week.
- 26:15It doesn't happen at the weekend.
- 26:18That's so true. And to look at the founding team
- 26:20of Adriana, like what? What skills do you think should
- 26:23new founders possess? Oh gosh, yeah.
- 26:32I mean, look, one of the people that I've, one of the people who
- 26:38I've met in this journey told me that, you know, resilience,
- 26:43resilience and, and, and I think that's true.
- 26:47It is a level of resilience and it is a level of picking
- 26:52yourself back up in the morning and thinking, well, I don't know
- 26:54where this is going, but you know, I'm just going to push
- 26:57through here. And, and I think one of the
- 27:03maybe resilience is an outcome, but the skill for me is, is the
- 27:09ability to stay high energy and open to anything and just to
- 27:16kind of almost like dissociate yourself for for a little while
- 27:21from a potential disastrous outcome.
- 27:25And to say, Hey, look, that I've tried.
- 27:28And I think that it comes with, with an ability to have a lot of
- 27:34mental clarity. And it's, it's, it's
- 27:38essentially, yeah, it's mental strength.
- 27:40It's like how strong your mind can push your you, how strongly
- 27:44it can push you forward and propel you forward regardless of
- 27:48the outcome. And knowing that you're going to
- 27:49do your your best. I think also another scale or
- 27:55maybe quality that I found in successful, successful founders
- 27:59who I actually worked with as a founder myself is an ability to
- 28:07be ruthless in a kind way. Nobody likes crabby people.
- 28:14And I think you'll often find very difficult to talk to people
- 28:19at the top of companies that are being formed and, you know,
- 28:24very, very peculiar or, or difficult with their time or,
- 28:28you know, little words to say nothing essentially.
- 28:33And I think it's a it's a protection mechanism to their
- 28:35time. But I think what has helped me
- 28:38is, is that kind of you can still be somewhat ruthless with
- 28:44your time and very clear and intentional, but preserve a
- 28:48level of kindness that is magnetic in this in this field
- 28:53Because I think there's a lot of support left and right for early
- 28:57stage founders. But you will get at the certain
- 29:00point where it's becoming really difficult to find kindness
- 29:03extended to. And I think that has helped me.
- 29:08And where I have found kindness, I have stayed in touch with
- 29:13those people and I have helped or I, I received help beyond
- 29:18words. And yeah, just saying that being
- 29:22ruthless with your time, but intentionally kind with with the
- 29:26people around you is probably one of the most unique skill
- 29:30sets that I think the founder should, should have.
- 29:33And then also the ability to be a good reader of people.
- 29:38You'll often find, at least in my field, founders who are
- 29:43incredibly smart, geniuses, brainiacs.
- 29:46You know they are, they are people of, of great thought,
- 29:51outspoken true believers in their craft, almost to the point
- 29:55of obsession with their idea. But they're not really good
- 29:58readers of people and they're not really good mirrors.
- 30:03They, you know, it's, it's like they're very self-centered
- 30:06because the idea is coming from them and it is, it is their
- 30:10engine. And I think a founder should be
- 30:13very aggressively considering the people around them in a way
- 30:19that is assimilating to the idea.
- 30:22So, you know, it's not just about yourself.
- 30:25We all know about the founder conflict, right Where where you
- 30:28know, you're kind of like, it's becoming really difficult to
- 30:30remove yourself from the idea. And yes, any companies fail
- 30:34because of that. And I think it's important for
- 30:36the founder to become in that kindness, almost selfless and to
- 30:42allow the team that is a very well curated team and reflects
- 30:47on the qualities of the founder, on the values of the idea to
- 30:52take to take over. So it has to be a selfless
- 30:55exercise. I think not a lot of founders
- 30:57possess selflessness, which which is great in this early
- 31:03stages of aggressive money raising, you know, punchy slides
- 31:08and strong lines and stuff like that, which is it's great to
- 31:13have someone who is confident and, you know, shines bright and
- 31:18it's very driven. And then later on, you know,
- 31:21you'll see that they hold on to money and they never spend it on
- 31:24people and they never grow their businesses.
- 31:26And they're like in the loop of like years and years and years
- 31:29of trying to define what they're doing because they're in their
- 31:32heads. So, So yeah, these are some of
- 31:36the qualities that I think are important for founders to, if
- 31:41they don't have them, to cultivate them and and realize
- 31:45that if they don't have them, they need to acquire them.
- 31:49Yeah, I think that's that's that's some great skills and
- 31:52they're important for every founder to have a Jenna.
- 31:54And before we finish it, Jenna, if there's one key piece of
- 31:56advice to share and phone in the setup, what would it be?
- 32:00Oh my God, I have so many things to say here, but I know we're
- 32:04short in time. Look, I'll say this, the moment
- 32:11of technology where we are right now and the doors are being open
- 32:16for us as founding population or even people having jobs and
- 32:20thinking, you know what, I would like to do something for myself.
- 32:24The technological moment that's being open to us right now is
- 32:27incredible. And if there's one piece of
- 32:30advice that I would give anyone who's trying to see whether they
- 32:33could go into consultancy for AI where and and hey, I'm only
- 32:38talking about my field. I don't know about other
- 32:40industries, right? Yes, that's all we can do.
- 32:42Go and do yeah, maybe they want to go into consultancy for AI or
- 32:46have an idea about AI or they would like to, you know, build
- 32:50something with AI. There's so easy now to just see
- 32:54your your idea come to life with something like a lovable or a
- 32:58clod or just truly do it. It's not going to be like this
- 33:06forever. It's actually the window is is
- 33:10open now, but it will start to close because there will be some
- 33:13early starters there and get your data around what you want
- 33:21to achieve, have achievable outcomes.
- 33:25Don't start thinking you want a $10 million idea pitch to
- 33:30Silicon Valley VC companies that is completely within reach.
- 33:34But have realistic outcomes for you if you are an early stage
- 33:39founder like I was and gets gets sporty around failing, you know,
- 33:47if, if, if something didn't go exactly to a plan, get sporty
- 33:50around that and practice it again.
- 33:53Maybe you maybe you needed to have a better connection
- 33:56somewhere, or maybe you needed a nicer slide.
- 33:58Or maybe the word the, the, the name of your business is not
- 34:02rolling off correctly from people's tongues and that's a
- 34:05problem. So get sporty around identifying
- 34:09early on the things that are not working and and improving them
- 34:13more so than you would get around trying desperately to
- 34:18land. I know 5 million in the bank.
- 34:22When you start on your own for the first time, there are so
- 34:25many things to be done, so many jobs to be done.
- 34:29A piece of advice that I would have, it's easier now than it
- 34:32than it was even six months ago. Work with AI to build your
- 34:37company. Work with agents to build your
- 34:40company. Talk to AI to build your company
- 34:44and ask it to be your biggest critic.
- 34:48I think, I think it, I think what we are experiencing now in
- 34:52terms of the solitary founder experience is incredible and it
- 35:00used to be impossible, just absolutely possible today.
- 35:06And that's some really great advice to finish on.
- 35:08Adriana, thanks so much for pointing the podcast You shared.
- 35:12I think a lot of really great takeaways and a lot of different
- 35:15areas for founders to take and to learn lessons from as
- 35:19Adriana. Thank you for coming on.
- 35:21Thank you so much, Phil. Thank you for.
- 35:23My pleasure. My pleasure.
- 35:25Thanks, Adriana. Hi.
- 35:28Thanks for listening to this week's episode of the Founders
- 35:31and Funding Podcast. If you like to be a guest or
- 35:34have a guest suggestion, please get in touch.
- 35:36Thank you.