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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

Finally, implementation requires a commitment of real money and other resources that can’t be written off so easily as an idea ahead of it’s time. In addition, creating a business requires leading and interacting with other people, including partners, investors, and customers. Create a written plan, with target milestones and metrics.

Ideas 126
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This is How Startups “Level Up” After Raising Money

Both Sides of the Table

If you’re an early investor like I am that often means writing the first $2-3 million check into a business that previously had either survived on fumes or on a $500,000 angel round. I have seen many companies raise their first $3 million and still act like a company that has no resources at all.

Startup 381
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What I’ve Learned from Fred Wilson

Both Sides of the Table

So part of playing an effective coach is helping the team to see the answer for themselves. Fred has of course been a public mentor to us all with his market-defining terminology that he popularized including “freemium” and “mobile first.” I remember writing about online video nearly 5 years ago.

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Trophy Entrepreneurs Can Land Trophy Investors

Startup Professionals Musings

Professional angel investing takes time, knowledge, skills and resources. A trophy investor is a great coach and mentor, sometimes providing the only shoulder an entrepreneur can cry on during difficult times. The trophy investor understands these challenges and has developed a professional process to manage his investments.

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My Life as a CEO (and VC): Chief Psychologist

Both Sides of the Table

I finally got around to writing it having read Fred Wilson’s post about what a CEO does. He wanted more resources allocated to him and he would begin wondering whether he might rise in the organization. And as a VC, mentor, angel investor and founder of Launchpad LA I live it as a routine of my life.