11.8 C
New York
Wednesday, November 25, 2020
Home Trends Box CEO Aaron Levie says thrifty founders have more control

Box CEO Aaron Levie says thrifty founders have more control

Once upon a time, Box’s Aaron Levie was just a guy with an idea for a company: 15 years ago as a USC student, he conceived of a way to simply store and share files online.

It may be hard to recall, but back then, the world was awash with thumb drives and moving files manually, but Levie saw an opportunity to change that.

Today, his company helps enterprise customers collaborate and manage content in the cloud, but when Levie appeared on an episode of Extra Crunch Live at the end of May, my colleague Jon Shieber and I asked him if he had any advice for startups. While he was careful to point out that there is no “one size fits all” advice, he did make one thing clear:

“I would highly recommend to any company of any size that you have as much control of your destiny as possible. So put yourself in a position where you spend as little amount of dollars as you can from a burn standpoint and get as close to revenue being equal to your expenses as you can possibly get to,” he advised.

Don’t let current conditions scare you

Levie also advised founders not to be frightened off by current conditions, whether that’s the pandemic or the recession. Instead, he said if you have an idea, seize the moment and build it, regardless of the economy or the state of the world. If, like Levie, you are in it for the long haul, this too will pass, and if your idea is good enough, it will survive and even thrive as you move through your startup growth cycle.

Source: TechCrunch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Trade unions to go on nationwide strike on Thursday

Central trade unions will go on a nationwide strike on Thursday and expects participation of over 25 crore workers to protest against various policies...

“Nivar” Is Going To Turn Into “Monster” Cyclone! The Government Announces Public Holidays

Cyclone Nivar, the slow-moving cyclone storm over the tepid waters of the Bay of Bengal, is turning into a monster. On Wednesday evening, "Cyclone Nivar"...

Why Companies Like White Hat JR Deserve To Be Banned & Scrapped Out Of Indian Startup Eco-system

The recent controversy that has erupted between WhiteHat Jr, founder Karan Bajaj, Pradeep Poonia, and Aniruddha Malpani, both of whom have been strong critics...

Punjab farmers start assembling near Haryana borders

Punjab farmers have started assembling near Haryana borders with tractor-trailers for their proposed march to Delhi against the Centre's agriculture-related laws. The Haryana authorities too...

Recent Comments

%d bloggers like this: