Yossi Vardi’s top tips for start-up owners – #leweb

Israeli entrepreneur and business leader Yossi Vardi came on stage at Le Web 12 in Paris today to deliver some of his tips. Unfortunately he was a bit rushed out and didn’t have time to finish his presentation. Here are the tips I was to able to pick up as I was listening to him.

[this piece written during a blogging stint for Live.Orange.com]

Yossi Vardi What should start-ups do to succeed?

1- What it takes to succeed?

The most important factor for success is luck. People who are hard-working though are often in the best position for being able to reap the harvest of serendipity. Trying and reaching out to people increases your ability to be lucky, Vardi said.

2 – raising too much money can be toxic

Start-ups which raise too much money want to show their investors that they are using the money and they are often led to burn too much money too early and fail to make a profit

3- right size for team?

Vardi suggests that the optimal size for initiating a start-up is 3. Having only 1 is too hard and above 3 it’s too difficult to get oneself organised.

4 – a mentor is needed

A mentor is needed to help support the team and help them meet the right people Vardi went on.

5 – pivoting

Start-ups have to pivot, i.e. be able to modify the concept so that it adapts to the Market. Pivoting is important but it can also prove that the founders can’t learn from experience if they are pivoting too often. This is a double-edged sword.

6- attracting investors’ attention

Finding an introduction to the right investors is important, this is why networking is key. The is also confirming what we had witnessed in  Silicon Valley last September.

7- exits

There is a debate – in Israel and elsewhere – between experts about whether it’s better to do an early or late exit. When doing exits, one has to remember that one is not selling one’s company to another one, one is selling to an individual Vardi said.

As mentioned above, Yossi Vardi’s presentation was unfortunately interrupted. There a many other recommendations Vardi can deliver to entrepreneurs, we’ll probably have to wait until the 2013 edition of Le Web for us to hear the rest of the presentation and Vardi’s advice.

LeWeb Paris 11: don’t miss a thing thanks to our blogging team

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From December 7-9, I will be taking part in Le Web in Paris and leading an international team of bloggers from and outside Orange

Readers who are not able to make it to the event will nonetheless be able to keep in touch with what happens in Paris at Le Web thanks to our twitter handle @orange, which will lead them to the right resources on blog and other media. The #leweb hashtag will also be funnelled through Orange Timeline so you can see, not only what we are going to tweet and post during the event, but all the content provided by all users talking/writing about the event.

Discover our Social media team’s members

Glenn Le Santo
Writer. Journalist. Broadcaster. Photographer. PR. Social Media commentator. Speaker. His specialties are social media, mobile, people, travel
Twitter @lesanto

Camille Bouiller
High Tech enthusiastic, he writes regularly on Presse Citron High Tech blog to talk about web news, and to share his developper work experience
Twitter @nephthys

Camille Jourdain
Social Media Manager at Up 2 Social, blogger (his own blog and a collaborative one, Locita). Social media enthuastic
Twitter @camj59

Laurent Moulinier
Mobile Marketing Strategy Marketer (at Orange France) – SoLoMo evangelist. His specialities are social, local, mobile, mcommerce, etourism, startup, entrepreneurship
Twitter @laurent_local

Raphaelle Laubie
Health 2.0 Serial Entrepreneur, Corporate Affiliate Lecturer at ESCP-Europe, operating on Soft Skills, Organizational Behavior, Web 2.0 and Open Innovation topics
Twitter @raphaellelaubie

Kevin Dicop
Social Media Manager, Blogger and Community Manager for MyCommunityManager – Former Mba EBusiness ESG student. Web, travel, street art and cooking geek enthusiastic
Twitter @KDicop

Lise Janody
President and chief content strategist at Dot-Connection, a small, fully bilingual consultancy based in Paris, France. Content and web management
Twitter @lisajanody

Stewart Baines
Co-founder of Futurity Media with Anthony Plewes. Stewart’s focus in Futurity Media is in emerging technologies, social media and future gazing. A graduate of philosophy & science, he has studied futurology & foresight to post-grad level.
Twitter @stewartbaines

Orange Group social media team

Lionel Fumado, Social media manager at Orange Group
Twitter @lionelfumado

Céline Louis, Live blog chief editor and blogger at Orange Group
Twitter @celine_louis

Alexandra Operto, Social media project manager & community manager Orange Group
Twitter @aoperto

Yann Gourvennec (yours truly), Director, Web Digital Media & Social Media at Orange Group
Twitter @ygourven