When Reilly—my partner at GAN Ventures—and I are in the final stages of talks with a company we might invest in, we always ask a question to every CEO…”How would you describe your company culture to someone who was thinking about joining your team?” Somewhere around three-quarters of the time, their response is something to the effect of, “We have a work hard, play hard” culture. Here’s why I think we have to ditch that phrase.
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A shocking 80% of founders grew up in broken or chaotic homes. Though challenging, it means they both thrive in the chaos of running a company but also don’t know what to do when things feel calm. Here’s an important question that Nick, on the GAN team, prompted me to ask myself in the midst of trying to disconnect from chaos and live a calmer life, and I’m sharing it with everyone I know—especially founders.
There are 115 accelerators spread across 160 cities in the GAN Community. Their breadth, impact, and results are amazing. In 2018 alone, some 41,000 startups applied for just 1,700 spots at those accelerators. So, this past week, I asked GAN Accelerators one simple question: Before applying to your accelerator, what would you tell startups they need to do to prepare for your program? Here’s what they said.