Armenia Startup Academy Demo Day

30 May 2018
American University of Armenia

Startups that ‘graduate’ as the second generation from the Academy will be represented
Register

BARCAMP EVN'18

16 Jun 2018 - 17 Jun 2018
American University of Armenia

Annual Tech and Media conference which will be held for the 10th time
Register

David Yang

ABBYY

Founder of ABBYY company, creator of Lingvo digital dictionary

Nina Achadjian

HIVE

Founder of HIVE Seed Fund

Alexis Ohanian

Reddit

American entrepreneur, investor, co-founder of the social news site Reddit

Artashes Vardanyan

Microsoft Innovation Center

Director of Microsoft Innovation Center

Paqqy

Send and get packages through travelers

Eye Care Plus

Check and practice to improve eyesight

TaxoLine

Online taxi order in Yerevan

Be Armenian

Armenian-themed backgrounds and greeting cards in Armenian

Movie Trip

Information on places featured in famous films

A2B transport

Transport routes search in Yerevan

PicsArt

Photo editor

inKin

Armenian-Russian social fitness platform

Piers Ridyard: Build a validated local base before heading to US market

Piers Ridyard is the CEO of London-based Radix, a high-throughput platform to build and distribute decentralized applications.

Before taking the helm at Radix, Ridyard co-founded Surematics, a YCombinator S’17 company.

He has talked to Itel.am about his experience in Y Combinator and entry to global markets.

Y Combinator makes you grow

It was an amazing experience. They don’t open doors particularly for you, but the majority of what they do for you is forcing you to grow.

The focus is very much on taking your company to the next level. It really makes sense only if the company has the ability to start getting traction in market, have some costumers that verify that.

Y Combinator is continually kicking you up the ass until you to get out, talk to costumers, build products, and keep that really high intensity for 3 months period.

And it’s incredible to see what happens over that time.

Validate your company locally first

Your biggest market in world is maybe America, that’s fine. But you can learn a lot by validating yourself locally.

Before deciding to get to US, you need to make sure you have paying customers and a validated base locally.

It’s important to build the customer base, even if it’s not a sustainable customer base, because your company needs to have a much bigger market to take hold. But it really depends on the company.

By the way, China is as much competitive market as America and in many ways it’s harder to break into.

Hire an American salesperson

If you have already started that costumer validation and got some initial traction, selling in America is really difficult. Americans are fantastic at selling, it’s one of the things they are excellent in.

My biggest advice to any startup looking to break into America is to hire an American salesperson.

Narine Daneghyan talked to Piers Ridyard

submit to reddit

Comments

Dear visitors, You can place your opinion on the material using your Facebook account. Please, be polite and follow our simple rules: you are not allowed to make off - topic comments, place advertisements, use abusive and filthy language. The editorial staff reserves the right to moderate and delete comments in case of breach of the rules.



banks
mediamax
sport
bravo