Finding the Right Co-Founder, Scaling a Startup & Building a Unicorn from Scratch | Andrew Humphries
On this episode of Everyday Founder we sit down with serial entrepreneur Andrew Humphries, formerly of The Bakery. Andrew shares his insights on building and scaling businesses, finding the right co-founder, securing funding, and navigating the challenges of entrepreneurship. With a track record that includes leading sales at Adeptra (sold for $135M), advising the UK government on tech talent, and co-founding The Bakery, Andrew's wisdom is invaluable for any founder looking to grow their business.
- How do you find the right co-founder?
- When should you raise funding vs. bootstrap?
- What are the key ingredients to building a unicorn?
- How do you manage burnout as a founder?
Tune in to hear Andrew's raw and real insights on startup life, leadership, and making the right bets as an entrepreneur.
Chapters:
00:00 - Welcome Andrew Humphries
00:07 - From Adeptra to Government Advisor
00:31 - The Bakery: A Corporate Accelerator
01:51 - The Secret to Building Unicorns
04:43 - Why Andrew Stepped Away from The Bakery
06:41 - Finding the Right Co-Founder
12:16 - The Three Questions to Ask a Co-Founder
15:36 - When Should You Raise Funding?
22:26 - The Reality of Big Fundraising Rounds
29:05 - Lessons from The Bakery and Beyond
37:37 - The Trade-Offs of Being a Founder
45:03 - Managing Burnout & Founder Mental Health
50:32 - What Business Would Andrew Build Today?
54:46 - The Role of Luck vs. Talent in Entrepreneurship
58:53 - Final Thoughts & Wrap-Up
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