The CEO of 500 Startups says all successful founders have these 2 traits in common

500 Startups CEO Christine Tsai

  • Christine Tsai has worked with hundreds of entrepreneurs since founding 500 Startups eight years ago, giving her some unique insights into what leads to success.
  • She said successful founders tend to have two traits: They listen to feedback, and they move quickly.
  • To succeed, prospective entrepreneurs also have to be aware of the difficulty of the task ahead, she said. 

Christine Tsai has a lot of experience working with startups, and that has given her some pretty good insights into what makes entrepreneurs successful.

Tsai is the cofounder of 500 Startups, the famed Silicon Valley venture firm and startup accelerator. Since last August, she’s also been its CEO, following the departure of Dave McClure, her fellow cofounder who left amid accusations of sexual harassment — accusations she has declined to discuss in much detail.

Launched in 2010, 500 Startups has helped incubate hundreds of companies and invested in more than 2,000 total, including Twilio, which went public in 2016. In that time, Tsai has gotten a close-up look at lots of startup founders and seen what works and what doesn’t, as well as what it’s like to be an entrepreneur.

Successful founders, she told Business Insider in an interview this week, tend to have two key traits: They’re coachable, and

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Read the full article from it’s original source: http://uk.businessinsider.com/christine-tsai-500-startups-advice-startup-founders-2018-8

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