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You have to believe in your product if you want to promote it. Jason Saltzman of Alley talks with Hyr COO and Co-founder Erika Mozes. The company helps to connect retail and hospitality businesses with workers, so employers can easily fill needed positions, faster. Mozes talks about how the company once had $0.08 across all the company's bank accounts. At the same time, Mozes was trying to sustain a family of 3 people, including a 14-year-old daughter. However, the entrepreneurs kept going because they knew the world needed their product.
Entrepreneurship is such a privileged term. I know we don’t often think about it in that way, but it really is. There’s usually a price you have to pay to become an entrepreneur. Be it family responsibilities, not enough access to resources or living in an underserved market, you have to climb that barrier just to get into the club.
For me, that’s where incubator programs can do the most good. By removing the barriers to entry, providing tangible resources and democratizing the environment so that the very best ideas and entrepreneurs are allowed to flourish -- that's the real aim of an incubator.
This is the what we push for every day at Alley. What we’ve been able to do is subsidize the experience of growing a business so that founders and thinkers with really great ideas are afforded the full scope of what it takes to carry their business to the next level. We do this because we believe wholeheartedly that the future of the world is sitting in a coworking desk right now. We don’t want to get in their way. Instead, we want to clear the way so they can step into their success.
In this episode of Resillience with Jason Saltzman, the Entrepreneur Network partner talks with Yuni Sameshima, the CEO of Chicory. The New York-based company creates advertising for grocery chains and e-commerce grocery companies.
In 2016, the company was completing a round of fundraising, when suddenly their investor suddenly backed out and was never heard again. Sameshima talks about a time of uncertainty when it seemed the business was just a month away from going totally broke.
Speaking about the lessons he's learned along the way with Chicory, Sameshima notes that instead of concentrating on each phase of a start-up, concentrate on the task of running a business -- and master how to do that well before other facets of startup culture.