Karola has been invited to join as an expert to support, give feedback and advice to the companies pitching at the Stockholm HTW Pitching Event on the 20th May 2021 organized by Nordic-China Startup Forum (NCSF), the largest European-Chinese startup- & tech market platform. We are all looking forward to seeing what new is forming […]
Stockholm HTW Pitching Event by Nordic-China Startup Forum Read More »
Karola will be taking part in the Arsboni Karrier Legal Fest program as a guest speaker to give a small presentation with the title “Home office since 2012 – 5 secret ingredients of the virtual law firm”. Be there on the 11th of May at 16:00 CEST to gain insight into how we work at
Home office since 2012 – 5 secret ingredients of the virtual law firm Read More »
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
Agnes at the Baltic Sandbox Business Angel Leadership Program for LCCI Read More »
We are happy to share that Karola is taking part as a mentor guest at The Professional Women’s Network (PWN) Norway. Karola is the kind of person who is always inspired by seeing space and opportunities constantly growing for women to spread their wings, make their voice and get into the world of business. For
Mentoring at PWN Norway Read More »
We have enjoyed listening to Karola sharing her own experiences with Aditi Jajal-Newey in #GITFPodcast about how to make room for your business in the world even if the world does not really get you.
GITFPodcast with Karola Read More »
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.
