As you scale, the strengths and habits that enabled you to launch—visionary thinking, working nonstop, or making decisions based on experiential knowledge—can become liabilities that damage your startup’s capacity for long-term growth and have serious negative consequences. In an interview with Shikhar Ghosh, Careem's co-founders Mudassir Sheikha, Magnus Olsson, and Abdulla Elyas reflect on their meteoric growth from 2012-2014. Candidly sharing the mistakes they made, they identify the consequences of rapid scaling and share practical advice for other founders.
Tag: rapid scaling
Common Funding Mistakes when Scaling
Many founders conflate raising a significant amount of venture capital or getting a high valuation as validation of their current business model. But as you scale, past behaviors stop working effectively and often processes are strained and break. How do you avoid the most common scaling mistakes?
Scaling Myths That Could Impact Your Startup
During scaling, the role of CEO differs dramatically from that of an early-stage startup. Your focus will shift from proving your idea works, building your product, and getting others on board, to hiring a competent leadership team, creating processes, and being the face of your startup’s mission and culture.