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What happens when three founders cannot divide the company for 18 months? How to let go of 70% of the company to survive in the toughest times. What needs to be sacrificed before changing your vision that you cherish like your own child? How incredible is the impact a mentor can bring to you and your business?
Prepare yourself for it all!
In this episode, Cocoon Program CEO Farhad Niyoz talks with Maido Janke, CEO of Eziil Production Intelligence. Maido shares his honest thoughts and lessons on everything that he has survived from burning all the money from first fundraising and being forced to let go 70% of the company to finding answers for Eziil’s problems and sacrificing even more to solve them. Expect to learn many practical but harsh lessons, reflect on yourself a lot, and find some answers to your inner struggles while enjoying this brutally honest and pure conversation.
Overview of the topics: 00:30 How marriage will change you as a person
3:23 How to deal with conflict when dividing a company with co founders
9:03 Challenge, Problem, Bliss, and Hell at the same time: Having 3 co-founders
11:05 Number one lesson from the process of spin-off
13:33 Why you might need a business mentor?
15:57 Secret ingredient of negotiation
18:02 Maido’s brave way of approaching raising money for the company
20:22 How investing your own money will completely switch your “founders mindset”
22:27 What struggles first fundraising bring to you and what to learn from that
27:37 Maido’s best advice on onboarding a new team for early startup
29:26 What failing multiple times taught about the reality of sales
31:19 Difference between having a vision and hallucination as a founder
33:07 How mentor broke Maido right before Maido almost broke the company
37:42 Firing 70% of the company
38:57 How trading team for time to think will pull you out of the hole
42:51 Getting brutally exposed by mentor once again
45:00 Two crucial mistakes that almost killed Maidos’ company “Eziil” and what to learn from them
46:48 Lessons on customer segments: How to get customers to use your product
50:51 Why must you change yourself before changing your vision?
55:18 Experience in Cocoon Program: Prioritizing people over business
57:05 “Burn!” and “Beautiful Maturity”
Welcome to Inner Power Particles podcast. Here we talk with entrepreneurs and leaders about their challenges and lessons learned to improve their inner strength. We do this to share their journey and knowledge with you so that you can improve as a leader and a person. Resources: To learn more useful tools for CEOs and C-level managers ➡️ https://www.cocoonprogram.com/resources
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Farhad Niyoz is the CEO of Cocoon.