{"id":12577,"date":"2018-02-05T19:05:50","date_gmt":"2018-02-05T16:05:50","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=12577"},"modified":"2018-02-05T19:11:23","modified_gmt":"2018-02-05T16:11:23","slug":"four-important-lessons-from-david-karps-success-story","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/four-important-lessons-from-david-karps-success-story\/","title":{"rendered":"Four Important Lessons from David Karp\u2019s Success Story"},"content":{"rendered":"

\"Image<\/a><\/p>\n

Young entrepreneur and Tumblr founder David Karp achieved extraordinary success, exceeding all expectations. This was evident when Yahoo acquired Tumblr <\/span><\/p>\n

for $1.1 billion last May.<\/span><\/p>\n

Therefore, we can draw Four Important Lessons from David Karp\u2019s Success Story<\/a>:<\/span><\/p>\n

.<\/p>\n

\u0627\u0628\u062f\u0623 \u062d\u064a\u062b \u062a\u0643\u0648\u0646:<\/span><\/h2>\n

Karp started a web development company from his bedroom when he was 15. Although he was appointed chief technology officer at <\/span><\/p>\n

UrbanBaby.com<\/a> He continued working to build his company from his bedroom.<\/span><\/p>\n

The takeaway is that whether you start from your bedroom or rent an expensive office to launch your startup, the outcome will often be the same. Most companies <\/span><\/p>\n

startups don\u2019t need major investments in offices and premises, and some \u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644<\/a> make the mistake of spending large sums on offices and premises.<\/span><\/p>\n

.<\/p>\n

Give up the lavish lifestyle:<\/span><\/h2>\n

In 2006, he acquired the website UrbanBaby.com<\/a> of the famous CENT network. As a result of the acquisition, Karp received hundreds of thousands of <\/span><\/p>\n

dollars, but he didn\u2019t splurge or live a lavish lifestyle. He only bought a car.<\/span><\/p>\n

The lesson is that some \u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644<\/a> people live lavishly and spend a lot of money early in their ventures, trying to imitate the lifestyles of the wealthy <\/span><\/p>\n

and famous. This can leave them short of funds in the later stages of their ventures.<\/span><\/p>\n

.<\/p>\n

Find good people to execute your startup idea:<\/span><\/h2>\n

Karp hired Marco Arment to help develop Tumblr. Arment was a strong executor of Tumblr\u2019s concept and helped Karp refine it.<\/span><\/p>\n

The takeaway is that entrepreneurs\u2019 big ideas need capable executors who can help develop them and bring them to life effectively<\/span><\/p>\n

in the real world.<\/span><\/p>\n

.<\/p>\n

Don\u2019t raise funding for your startup until you\u2019re ready:<\/span><\/h2>\n

In late 2006, Karp was close to closing a deal Funding<\/a> with Spark Capital, a venture capital firm, and Fred Wilson, a partner <\/span><\/p>\n

and co-founder of Union Square Ventures. But Karp was uncomfortable with giving up control of Tumblr. Instead, he decided to take less funding from them <\/span><\/p>\n

Investors<\/a> when the funding amounted to no more than a few hundred thousand dollars.<\/span><\/p>\n

Taking funding from startup financing institutions isn\u2019t always the right move. Before deciding to fund your venture through <\/span><\/p>\n

startup financing institutions, you should be prepared for every scenario\u2014for example, the funding company taking control of your startup or putting <\/span><\/p>\n

your venture up for sale due to financial pressure.<\/span><\/p>","protected":false},"excerpt":{"rendered":"

\u0627\u0633\u062a\u0637\u0627\u0639 \u062f\u064a\u0641\u064a\u062f \u0643\u0627\u0631\u0628 \u0631\u0627\u0626\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u0634\u0627\u0628 \u0648\u0645\u0624\u0633\u0651\u0650\u0633 \u0645\u0648\u0642\u0639 \u062a\u0645\u0628\u0644\u0631 \u062a\u062d\u0642\u064a\u0642 \u0646\u062c\u0627\u062d \u0643\u0628\u064a\u0631 \u0641\u0627\u0642 \u062c\u0645\u064a\u0639 \u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a\u060c \u0648\u0628\u0631\u0632 \u0630\u0644\u0643 \u0639\u0646\u062f\u0645\u0627 \u0627\u0633\u062a\u062d\u0648\u0630\u062a \u064a\u0627\u0647\u0648 \u0639\u0644\u0649 \u062a\u0645\u0628\u0644\u0631 \u0645\u0642\u0627\u0628\u0644 1.1 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":12603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[15283,782,1320,5475,10720,7607,15285,4988,793,15284,15282,1182,15281],"class_list":["post-12577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-15283","tag-782","tag-1320","tag-5475","tag-10720","tag-7607","tag-15285","tag-4988","tag-793","tag--cent","tag-15282","tag-1182","tag-15281"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/12577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=12577"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/12577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/12603"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=12577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=12577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=12577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}