kassailaw_menu_hamburger
kassailaw_menu_ikon_new_02
kassailaw_menu_ikon_new_02
Agnes at the Baltic Sandbox Business Angel Leadership Program for LCCI

Agnes will be taking part as a guest speaker in the Business Angel Leadership Program for the Latvian Chamber of Commerce and Industry, organized by Baltic Sandbox to share some of her insights and adventures. 

We know that sharing always means caring. At KassaiLaw we are dedicated to that thinking, with truly believing that if we have knowledge, we should let others light their candles in it. Agnes has been invited as a guest speaker to the Business Angel Leadership Program for the Latvian Chamber of Commerce and Industry, organized by Baltic Sandbox to share some of her insights and adventures on May 13th at 19.00 EET (18.00 CET). Click here for more details.

 

Agnes at the Baltic Sandbox Business Angel Leadership Program for LCCI

Imprint｜Privacy Policy｜Terms of Service｜
PRICING
Coming soon :)  
© 2024 KassaiLaw. All rights reserved.
who are we?
team
innovate with us
expertise
trace
startup toolkit
academy
MiCA
kassailaw_logo_header
kassailaw_icon_linkedin_white_40px
kassailaw_icon_facebook_white_40px
kassailaw_twitter_icon_X
kassailaw_spatial_icon_white_40px
kassailaw_icon_linkedin_white_40px
kassailaw_icon_facebook_white_40px
kassailaw_twitter_icon_X
kassailaw_spatial_icon_white_40px

Exciting developments
are underway at Kassailaw!
Our team of legal and technology experts is hard at work, preparing to launch a new and innovative way to access information and knowledge. This interactive platform will provide an immersive and engaging experience and we’re eager to share it with you.
Stay tuned!
🔥💡💻

“Is your team the dream team? How much percentage should each founder get?” One of the core ingredients to success is the right team with complementing skills and personalities: early stage investors (and business partners too, by the way) will invest in the team, not the idea. Our goal is to guide you in building a strong and well-functioning team, as well as help you uncover potential friction points or weaknesses in the team, so that you can address them in the very beginning. When it comes to the fair split with your co-founders, if you need a reference point, or just want reassurance, we have developed our own tool for equity split calculation. Hint: the one answer that’s certainly wrong is a hasty 50-50 split.

You have spotted a problem and found a viable solution – in other words, you have your idea. What’s the next step? You need to make sure that the problem your business is trying to solve is a valid problem for a wide enough group, and that

Are you sure that the problem your business is trying to solve is a valid problem for a wide enough group? 

When you spot a problem and think you have found a viable solution to create a business around, it’s all too easy to get excited and jump straight into ideating a solution.

Avoid making something and then hoping people buy it when you could research what people need and then make that.

It doesn’t make any sense to make a key and then run around looking for a lock to open.

There are many ingredients in the recipe for creating a successful startup, but most certainly whatever you read and wherever you go, one of the first pieces of advice is going to be to do your homework properly regarding the validation. You have to validate both your problem and your solution to be able to define the perfect problem-solution and later on the product-market fit. If you manipulate your future customers into liking your solution or do not reveal all the aspects and layers of a problem you identified, your idea can easily lose its ground and with that the probability of it surviving and actually being turned into a prosperous business. Let us know if we can help at this initial but yet super-important stage.

Validation is the first step in moving towards learning more about the problem you are ultimately looking to solve.

Finding your unique value proposition is only possible if you take a thorough glance at your competitors. The world of tech is highly competitive, particularly so when you operate in a field with low entry barriers, you need to carefully examine and regularly update the news and developments of those companies who act in the same field and market. This might lead to several pivots for you if necessary, because you can significantly increase your chances of success if you can offer a—at least in some aspect—unique solution to your customers. The introduction as “we are like Uber/Snapchat/WeWork/Spotify, only better” is hardly sufficient in most cases. Unless you really are so much better, but then you need to know that too, so up the competitive analysis.