DiscoverMillion Dollar MondayFor the Love of Bacon & Innovation
For the Love of Bacon & Innovation

For the Love of Bacon & Innovation

Update: 2021-12-13
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Description

Matthew Rooda solved a major issue for hog farmers through starting SwineTech. He raised more than $6 million in venture capital and has been recognized by Forbes 30 Under 30. Tune in to hear valuable advice from an entrepreneur who knows what it takes to grow a business and stay ahead of the competition. 

Chapter Summaries 

Key Takeaways

  • We knew what our roadmap was going to be our core value proposition. So I just started to Google business plan competitions, and I applied for them all.
  • An accelerator is a group of individuals that have created a curriculum for entrepreneurs that have recently started a business or at UN, or are preparing for an inflection point in their business. And so you go in, they helped me meet with mentors. They help you refine your pitch and really take that next step within your business.
  • One lesson learned is after we raised that seed funding, because we are already on a venture path, we probably paid ourselves too late. And so that's definitely a discussion founders need to have it's all good to, to bootstrap, but once you do accept that funding, making sure that you're not wasting time compensating for too low of an income.
  • And so the question shouldn't be, can somebody copy you? Because they're most likely going to copy you different because they don't understand your core vision. The real question should be is your vision right? Because if your vision is right, the ability for other people to compete or catch up or keep up is tough.

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For the Love of Bacon & Innovation

For the Love of Bacon & Innovation

Greg Muzzillo