The Self-conscious Entrepreneur by Pandora’s Founder

The Founder of Pandora shared their beginning struggles below.. Kinda makes you think.. would I have survived this as a new business owner?

Abstract below..

I founded Pandora along with two friends at the end of 1999. It was a fantastically exciting time. We were packed into a small studio apartment, white-boarding a business plan, hiring musicians and engineers, inventing a new product, and jumping into the start-up fray.

Then things got rough. We began running out of money and wound up in a long, grueling fight for survival. It took almost 4 years, a few business model changes, and 348 investor pitches before we were able to raise another venture capital round. By the time we got to the closing in March of 2004, we had deferred close to $2 million of salary, racked up massive credit card debt, battled lawsuits and eviction notices, and experienced just about every other imaginable challenge for a young business. It was a wild process that by all measures we should not have survived. As I enjoy the progress of Pandora, those days are never far from my mind.

See the rest of the article here.. The Self-conscious Entrepreneur

Categories: Business

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1 reply

  1. Thank You very much for to make a Dream of Artist Real . So many Dreams, So many Hope, and all in One. It’s just Great ! For me , for Whom life is like some Art Construction , where he main is always People and Forms, Colours and Impression , never leave light some empty space where cannot to place hisself a dirk suspicions of interest to what happens inside of our Souls. Therefore cannot be hopeless my program’s try to build Peace and bring a new stand lines in feature , at least tfor next generations , already will pass this crisis , I mean crisis inside of People Hearts almost loses Hope without of so very hard to live in this world.
    I would like to say about that Fantastic Promotion of many of Structures through Mr.R.Abramovich reach what impossible to reach generally for only one Person . But a Reality which Mr.R.Abramovich have break a borders of ignorance , Enthusiasm which have pass Borders and Times , when together with well known of Fine Art’s Amazing Nuances, obvious that what help to make Miracles .
    I am Gratiful to GOD give to me Exclusive privilege to meet Mr.R.Abramovich, but not only because of Real Salvation , but because of very Special Understanding of Original Oil Paintings , In Old Techniques

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