On the first episode of Startup Climb, Ned Phillips, founder and CEO of Bambu, shares what makes a successful startup, the impact of investors and how to get product validation.

To find out more about Bambu:

https://bambu.co/

Disclaimer:

Any views/opinions made by the guest is the guest's opinion. It does not represent the views/opinions of the host or the podcast. The podcast is not intended to constitute or be relied upon as professional advice. You should consult a qualified professional for any professional advice.

Timestamps:

00:30 Introduction to Bambu

01:40 Why B2B and not B2C?

03:43 What makes a startup successful?

06:10 First hire and the qualities you look for?

09:10 Can you reverse engineer luck?

12:45 More discussion on hiring.

16:15 Impact of investors? Is it essential to raise funds in fintech?

19:20 Fund size versus control over direction.

21:50 More discussion on qualities to look for in an investor.

24:20 Most important thing to do when you first start your start-up?

27:20 How to get product validation?

30:20 What was the biggest struggle thus far running Bambu?

35:00 Discussion on overseas expansion.

40:10 How to handle working in different countries?

44:20 COVID-19's impact on the business and how to pivot?

47:20 Discussion on work-life balance.

52:00 One advice for an aspiring startup founder?

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