Business Lessons from a Young Israeli Entrepreneur: Reflections From My First Year As A Founder (22-year Old Co-Founder)
Ben Lang is a young Israeli entrepreneur who is the co-founder of Mapme, a self-service platform for creating crowd-sourced, community maps. The interesting thing about Ben is that he has been working for tech startups since he was 14 years old and he will be 22 years old this year.
What is Mapme
Mapme is a Tel Aviv, Israel-based mapping platform targeted at companies and organizations.
[bctt tweet=”Mapme allows you to build smart and beautiful maps for free without any coding.”] You can import data to your map, embed the map on your site and promote your map.
An organization can create a map based on an interest or topic and share it with customers, who can then add new locations.
Who is Mapme for?
Mapme is meant for anyone and perfect for cases such as organizations, governments, businesses, non-profits, influencers, educators, events, publishers etc.
Whether it’s to create a vibrant online community or to visualize places mentioned in a blog post, the Mapme platform gives everyone the power to create beautiful and smart maps.
All maps are designed to work perfectly across smartphones, tablets and computers.
Fun Facts About Ben Lang
Ben Lang is one of the interesting young entrepreneurs and writers out there. He was formerly a solder in the Israeli Defense Forces (IDF) and a founder of many startups such as EpicLaunch, MySchoolHelp, Mapped IN Israel and then recently Mapme. He is currently a moderator at ProductHunt.
Ben Lang organized one of the first hackathons in Israel and also organizes the Product Hunt Israel Meetup. The only person I know who survived a summer in Silicon Valley with $250 and shares almost everything about his company publicly.
Ben Lang: Reflections From My First Year As A Founder (Mapme)
Over the past few years I’ve worked for several startups and a VC firm, served in the Israeli army, sold people’s stuff for them on eBay, built client’s websites, organized all kinds of events and plenty more.
Without a doubt I’ve learned more this past year than all those years combined.
Before starting Mapme I had never been a “manager”, raised money or scaled a product. Early on, as we made progress I became increasingly more scared.
We hired our first employees. What would my relationship with them be like? We raised a convertible note. What comes next? We need to show consistent growth. How do we do that?
Fortunately I surrounded myself with co-founders, advisers, employees and friends with 10x more experience than I have. Without them I’m sure we would have imploded a long time ago.
They’ve helped me become more confident in myself and in Mapme.
Since starting the company I’ve tried to jot down lessons, mistakes and thoughts from my experience. That’s the only way to improve.
And yes, items on this list may be very obvious for some. But as a first time founder, it’s taken me time to learn these things. Hopefully this list can provide value to other “noob” founders like myself.
- Founders should serve their team and not the other way around. It’s their responsibility to make sure everyone is happy and motivated.
- Being strict about work hours is a motivation killer. With Slack, Drive, etc. you can work anywhere, anytime. Communication skills are 🔑.
- Micromanagement kills motivation. Do everything you can to prevent it. Having a clear roadmap helps.
- Do everything you can for your employees. Cut your salary, drive 200 miles, show you care. Even the smallest things make a difference. Show you care and they will reciprocate.
- Listen. Your team may have incredible ideas to share, don’t let them go to waste. A huge amount of the good things happening at Mapme today have come entirely from the team raising ideas.
- Encourage learning, new technologies, informative meetups, reading. Your team’s knowledge should grow with the company.
- Its all about the execution. Write this on your wall and never forget.
- The CEO’s job is to push the company forward at all times. That primarily involves building a talented, mission oriented team and making sure there is money in the bank. But at every phase of the company’s life the role may change, it could involve more product work, bizdev, marketing.
- Make decisions. Right or wrong, it’s better than not making one at all.
- It’s a marathon not a marathon sprint. Having an outside life, friends, hobbies, time to travel is so important. If you’re not happy, it affects your team and your startup. At the same time “you start as fast as you can and slowly increase pace.”
- Be self critical as much as possible even though it may feel like shit. Be honest. If it isn’t working and you can’t see how to make it work, move on.
- Become good at marketing. People usually won’t find your product on their own.
- Be in the office as much as possible. Founders should be the first one in and last one out, schedule permitting.
- Get an advisor. Get another advisor.
- Wait as long as possible to raise seed money. But take into consideration it can be a six month process.
- 99% of accelerators are a waste of time. If you’re going to apply, go for the 1%.
- Build relationships with investors, learn from them, get feedback, before you ask for money.
- Send monthly investor updates to your investors and your team. Add potential investors you’ve met to the list too.
- Talk to your users 24/7. Intercom, Facebook Groups, Chatlio, there are enough tools out there.
- Founders should do support as much as possible.
- Have every new employee learn your product and do support their first few days in the office.
- Hiring is a constant struggle.
- You’d be surprised where good people come from. Our first developer joined through a Hacker News comment. (Hacker News isn’t popular in the Israeli tech community.)
- Be creative, stand out. After we posted our photos on a yacht we started to receive 2X more CV’s than before. Posting our dashboards, deck, investor updates has tripled the amount of people reaching out asking for jobs at Mapme.
- “When you think about firing someone, it’s already late and you should do it: your brain only allows you to think of such a difficult option if things are really bad.”
- Mediocre outsourced talent does more damage than good.
- Interns are awesome. Find promising ones and turn it into a win win situation.
- Use Slack. Everyone does already. But if you don’t, use it.
- Keep the team as informed as possible. Don’t be afraid to share KPI’s, deals, and other news.
- Share every milestone in Slack. (Side note: that might be a cool app for Slack)
- There are way too many conferences, meetups, startup competitions. Think twice before going. Are you going to learn something? Meet someone important for you? If you’re a speaker and the audience is relevant to your product, it’s a clear win.
- If you need down time to party, go to events like SXSW, Web Summit, but don’t pretend it’s “work”.
- Focus on a few close, work related friends. Be there for them, they’ll be there for you. Make sure it’s people you respect and look up to. The people you have two minute conversations with at events, every few months, aren’t real friends.
- Product launches are just a spike in the graph, they don’t solve growth problems. Build a product that people love and will share.
- Define your KPIs, check them all the time. If your company’s direction changes, update the KPIs.
- Development should be KPI oriented. Be careful of technical debt.