South American Adventures

Taking flying leaps into the unknown

That he which hath no stomach to this fight

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There are certainly many ups and downs in building a company. A lot of rejections and celebrations…often both on the same day. The volatility is certainly incredibly exhausting but exhilarating at the same time. I’ve experienced several tribulations and jubilations with Taggify, an Argentine startup I advise. Most certainly the last 6 months since we launched Fundacity was no walk in wonderland either. It was the wildest Universal Studio like roller-coaster ride you can ever imagine. It is cool how we created something from the powerpoint I kept pitching people still in August!

I’ve spoken several times with my partner Diego and the partners at Taggify about keeping motivated. It helps if you can maintain your bearings and keep an eye on the vision. The vision is everything. Well to be frank, it also just helps to see what my former colleagues at PwC are up to on LinkedIn. 😀

We keep calm and carry and are hacking away at it no matter what. If it is smooth sailing we go faster if we have challenges we go more slowly but steadily upwards and onwards. Investors like that because they invest in lines not dots and we are certainly drawing steady growth…but behind it is hell of a lot of work and resilience from Fundacity team members.

It is hard to hire people and certainly hard to choose partners. There is no test like the test of time. Resistant guys who go with you through thick and thin are like unicorns. Finding these is the prerogative of any CEO as these are the only guys one should have at the core of the startup. Self starters and people that push boundaries…AKA hustlers.

Finally, a cool quote I stumbled across on Steve Blank’s blog:

That he which hath no stomach to this fight,
Let him depart; his passport shall be made
William Shakespeare Henry V | Act 4, Scene 3

Happy company building


Author: Miklos Grof

Miklos is the CEO and co-founder of Fundacity. Fundacity is making startups investing easier. Fundacity already supports all the notable accelerators in LatAm in their startup selection and management and they are expanding rapidly across Asia-Pacific and Europe. With the recently launched Fundacity Investments Clubs it seeks to simplify the startup investing process in emerging markets and make it accessible to more people. Miklos has unique and extensive experience in start-up formation, business development and venture financing. He has raised and evaluated investment offers in venture capital from angels and VCs from three continents for a variety of deals. He thrives at launching businesses and making sales in new geographies. Miklos currently serves as a financial advisor and mentor for various start-ups including Taggify (an online contextual advertising company based in New York and Buenos Aires). At Taggify, Miklos advises on fundraising, financial reporting to the board of investors, tax filling and cash flow management. Miklos completed his MsC in Finance at the London School of Economics and previously worked in corporate finance at PricewaterhouseCoopers in London, fund sales at UniCredit Vienna and economic research at Erste Bank Budapest. He is a Chartered Accountant with the ICAEW, Institute of Chartered Accountant England and Whales and is quinti-lingual. He is passionate about startups and entrepreneurship and spends his free time engaging with the startup community.

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