In large organizations you will find a lot of competent people with different skillsets, but in some organizations you will find that these skills are not being fully utilized. This is where Rallyteam comes in. Huan Ho and Dan Ellis are creating a platform that helps organizations connect employees with the right skills to teams that need help.
Startup #2: Rallyteam
In just one sentence, what is your company offering/what do you do?
Rallyteam is an insourcing and innovation platform for helping large organizations tap into the hidden skills and ideas of their employees.
What is the one thing you love the most about running a startup?
What I love the most is all the excitement and unknown. Coming from the corporate world, I got to a point where things were getting very monotonous -- I could practically do my job in my sleep. I got too comfortable and needed something more challenging and fulfilling. In the startup world, I'm learning something new every single day and doing something I'm truly passionate about. Its been a wild roller coaster ride, with many ups and downs along the way, but nonetheless an exciting one.
Do you have a success story (big or small) you would like to share?
Something that I am really proud of is being part of the Launch Festival this year. We had a chance to meet Jason Calacanis; he spent three months working with us to develop our pitch and at the end of February we presented in front of thousands of people. I have never done that before, so that was really exciting -- and just having the opportunity to meet other great startups and work with Jason was such an amazing experience. Being selected from over a thousand applications made us feel really privileged to be on stage that day.
How, if in any way, has Foundersuite helped your company?
Absolutely. So when using the Idea Validation, the wizard walks you through different questions, helping you to sort of create a business model on one sheet. That has been so valuable, because it captures all the essential elements of the company. Every time I fill out an application for an accelerator or a pitch contest, it often asks very similar questions as the ones in Idea Validation, so I always refer back to that. It has become like my reference sheet, I always keep it in front of me and it keeps me on track. If I need to pivot, I can look back to that sheet and know exactly what I have to change.
Finally, what is your best tip for running a startup?
Don’t hold back. Don't be too scared or too proud to put yourself out there. For me, I gave up a good job and comfortable lifestyle to be out here. Having missed the first dotcom boom, I know that opportunities like this don't come around too often. So I figure, if I'm going to do this, I might as well go all in and do whatever I can too succeed. The worst that can happen is that I fail and learn from it. I'd rather fail and gain more experience than look back one day and ask "what if".
Another note; I highly recommend coming out to San Francisco, at least for a couple of months to experience the culture. There are so many opportunities I would have missed had I not been here. There are literally hundreds of events and meetups going on every month -- San Francisco is truly the mecca of tech and startups. I figure, if you're going to swing for the fences, you might as well be in the right ballpark!
A big thanks to Huan Ho and Rallyteam -- good luck, and don't hold back!