Angel Investors
#SixtySecondStartup
In this week’s #SixtySecondStartup, we spoke to Will Ross who is the Founder of Tendo, a skills passport for frontline workers. Will started Tendo to make frontline work more secure for employees and to make it easier for companies to hire, retain and train their workforce.
Our interview with Will:
What does your company do?
Tendo allows frontline workers to generate workplace credentials while they do their jobs, building a verified, portable history of skills and hours at the end of each week.
Why did you set up this company?
We started Tendo to make frontline work more certain. For the worker, this means improving their long-term economic security. For the business, certainty comes through having a loyal, dependable workforce and an ability to encourage employees to learn new skills.
What is your business model?
We bill businesses on a per user basis. This monthly charge is a way to offset the cost of workforce churn.
We think that there’s growth in this sector because:
Frontline workers remain offline. By bringing them online, visibility of supply provides a major step forwards. We also consider this workforce to contain a massive amount of untapped operational and creative potential – we aim to empower.
How did you get your first customer?
By building a feature that removed an administrative overhead for a training provider.
We knew we were onto something when:
When employees indicated that they would be motivated by having a trusted way to generate and retain a record of their work reputation.
Our most effective marketing channel has been:
Going to events where we can speak directly with decision makers.
The biggest mistake that I’ve made is:
Spending time marketing to cities where Tendo can’t have a repeatable physical presence.
What we look for when recruiting:
A willingness to experiment and an inclination to speak more in terms of immediate actions than long-term plans.
We worked with AIN because:
Angel Investment Network provide a clear way to signal company type to a list of investors, ensuring that angels can search for early stage companies where they can significantly influence growth.
Get started today and view pitches from a huge range of entrepreneurs around the world.
The post #SixtySecondStartup appeared first on Angel Investment Network Blog.
Number one, understand your business. It sounds obvious, but the majority of entrepreneurs who pitch me have obviously never thought through many of the major issues surrounding their companies. You should know EVERYTHING about your business, product, customers and competition. You should know every metric regarding customer acquisition, conversion and retention. You should have a crystal clear understanding of your business model and your financials. And all of this should be at the tips of your fingers so you can instantly answer any questions you are asked about it.
The post How to raise an angel round in 10 simple steps appeared first on Gust.
In our latest Behind The Raise interview we interview Nick Torday, co-founder of Bower Collective, a sustainable consumer technology business dedicated to combatting the global plastic waste crisis. Bower Collective aims to create a more sustainable world by eliminating plastic waste through the delivery of a wide range of award-winning natural household products in BowerPack™, … Continue reading “Behind the Raise with Bower Collective”
The post Behind the Raise with Bower Collective appeared first on Angel Investment Network Blog.
Fusion technology holds the key to unlocking a clean energy revolution by replicating the energy generation process of stars right here on Earth. With the world’s continuing reliance on carbon-creating fossil fuels, the urgent need for sustainable alternatives has never been greater. This is where fusion steps in, offering both an investor opportunity and the … Continue reading “Unleashing the power of the stars: The investment opportunity in fusion technology”
The post Unleashing the power of the stars: The investment opportunity in fusion technology appeared first on Angel Investment Network Blog.
-
Venture Capitalist Firms3 years agoA Failing Grade
-
Venture Capitalist Firms3 years ago
Some Email Stats
-
Investment3 years ago
Chinese Government Bonds: The Elephant in the Room
-
Venture Capitalist Firms2 years ago
Most Read Blog Posts
-
Investors3 years ago
Shifting corporate responsibility to consumer resilience
-
Venture Capitalist Firms5 months ago
Dear SaaStr: What Percentage of Software Sales Reps Have Earned Over $1m a Year?
-
Venture Capitalist Firms3 years ago
Investing In Learning
-
Investors3 years ago
Last Days of The True Tiger Blog!!
