2021 #FounderStories Round-Up
In 2021, we launched our #FounderStories series, where we collect and share the voices of company founders from different sectors.
Share schemes & equity management for startups, scaleups and established UK companies.
With two-way Companies House integration, the platform is fast, accurate and powerful.
Manage your portfolio with ease and evaluate potential investments.
The platform is fully synced with Companies House, to provide you with accurate, real-time insight.
Add your investments for complete visibility of your shareholdings. View cap tables and detailed share movements.
Organise investments by fund, geography or sector, and view your portfolio as a whole or by individual company.
Explore future value scenarios based on various growth trajectories, to figure out potential payouts.
Remove friction and save time. Action shareholder resolutions via DocuSign, access data rooms, and get updates from founders.
Set up and manage new SPVs without leaving the platform, then invite co-investors to fund and participate.
Customer feedback on products is invaluable. It's crucial to product managers, designers and user researchers.
In true entrepreneurial style, Axel Thomson founded Ribbon, an app he wished was around when he was a product manager. Ribbon is an app that makes it a whole lot easier to connect product teams with users.
Hi Axel! Tell us a bit about your company.
Ribbon is a user research platform that helps product and user research teams interview real users in context.
By integrating directly with your website, we make it easy for product managers, user researchers and designers to make informed product decisions by helping them recruit and interview real users.
How did the idea for Ribbon come about?
I was previously a product manager at a scale-up in London, and we realised quite quickly how difficult it can be to continuously make informed product decisions.
Usually, you have access to a few dashboards with quantitative data about what your users are doing, but understanding why they are doing it, and what that means for your product can be difficult to do at speed.
Ribbon is the platform I wish I had as a product manager! We help people who build products connect with their users and test ideas, designs and features quickly and continuously without having to compromise on speed or research quality.
What does company culture mean to you?
Someone once told me that culture is the outcome of lots of smaller decisions and habits playing out over time in a company, and I tend to agree. We are what we do, so it's important to be intentional about what type of behaviour and outcomes we value in our day to day work and decisions.
Specifically, we're in the business of helping other researchers help their end-users by building great products, which requires a mindset that you don't know all the answers, but are willing to make well-intentioned bets and can learn along the way.
Building a company it's not much different, so those same traits seem to shape our culture.
Couldn't agree more! So how do you keep your team aligned?
We're a product-focussed company in the user research space, so two things matter above all else: Understand how we can help our users achieve their goals and build a product to support that.
Once you purposefully set a culture around what matters and what we care about solving as a company it becomes easier to stay aligned.
We're also a small team based out of London, mixing remote and in-person working, so we're fortunate that it's relatively easy to stay on the same page even when things change quickly.
Can you share any practical tips or processes to help people work remotely?
Focusing on communicating a lot (more than we would normally) and setting clear goals has been important for us. If everyone knows what matters for you as a company, it's easier for each team member to make decisions about what should be prioritised.
We're also a small team, so we've managed to avoid a lot of the challenges that larger teams face when working remotely.
Do you have a share or option scheme in place for your team? If so, what impact has it made?
We do, it's a great way to keep everyone aligned. We're growing a company, and we want our entire team to be bought into that mission and have some skin in the game.
That's great to hear! What is the biggest mistake you've made as an entrepreneur?
I'm human, so naturally, I make mistakes all the time. I don't think it's a useful goal to try to never make any mistakes at all. We would get nowhere if we did.
But the biggest mistakes have usually been not changing my behaviour after realising a mistake has been made, by repeating the same mistake twice.
Have you ever experienced a business disappointment that led to something better?
We're very intentional about the fact that we don't yet know all the answers, and that we'll have to course-correct and update our beliefs all the time. That's just how research works.
This mindset serves us well, especially when things don't work out as we'd hoped. It's rare that one disappointment puts the entire company at risk, so if we're comfortable with acknowledging that we didn't make the right decision but now know better, we can learn and improve quickly over time.
Give us an interesting fact about yourself that the business community doesn’t know.
I've picked up long-distance running as a side-project, so I'm now in a constant battle with my knees about who will give way first.
Stick with it. Final question, who would play you in a film of your life?
Good question, I really hope they don't make a film about an office worker. It wouldn't make for very interesting watching.
With a little artistic license, it could be an action-packed office thriller...
Thanks for your time Axel. All the best!
In 2021, we launched our #FounderStories series, where we collect and share the voices of company founders from different sectors.
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