Dooma Wendschuh Founders Update January 12, 2018
I couldn’t be more excited to welcome Elad Barak to our team. Elad will be taking a leadership role in the Business Development and Fundraising team. He has a stellar background including a leadership position in the Israeli army. He raised more than $17 Million for his last company (an energy business) and appeared on national television speaking about the business and its potential. Elad’s first tasks will be to build Province a new bottom-up financial model showing all of our expected costs, etc, which will replace the old top-down model we have been using up until now. Following this, he will help us create the next Province Business plan and coordinate fundraising and key business development initiatives… so, next time you have an exciting and wild idea for a new direction for the company, he can be the one to tell you ‘it’s a great idea but we need to stay focused’ instead of me having to say that all the time. Personally, I can’t wait to have the help.
Province will be growing a lot in the coming weeks. We will have some very exciting announcements in terms of new hires coming up soon. With more people comes more opportunity, more capability… but also more responsibility. If we’re going to succeed we must keep in mind that we are a startup and stay true to the values and lean principles which have taken us this far. We must ensure the efficiency gained from the expanded team greatly surpasses the enhanced burn. This is a hurdle which a lot of early stage startups fail to clear. We welcome your thoughts and advice.