Startup Professionals Musings

SEPTEMBER 26, 2022

Despite the rush in every academic institution to offer more courses on entrepreneurship, I still haven’t found it to be something you can learn in school. Of course, you can pick up the basic principles this way, but the problem is that the practical rules for success are changing so fast that no academic can keep up.

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Tech.Co

DECEMBER 15, 2017

Entrepreneurs have become more resourceful since the 80s, and your options are more diverse as well. The Instagram lifestyle may have inspired a slew of would-be entrepreneurs to merge work and travel as never done by previous generations. Shared workplaces for professionals have emerged in recent years. Cafe for Digital Nomads.

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InfoChachkie

FEBRUARY 6, 2012

As part of UC Santa Barbara’s Distinguished Lecture Series, Jason Nazar, Co-Founder and CEO of Docstoc , recently shared ten lessons that emerging entrepreneurs can learn from superheroes. To this end, Jason and his DocStoc team have created a compelling online course entitled, 21 Critical Lessons for Entrepreneurs.

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InfoChachkie

FEBRUARY 25, 2013

Someone on Quora recently asked me to answer the following question: Why Do Digital Entrepreneurs Hate MBAs? Tech entrepreneurs' consternation with MBAs does not rise to the level of loathing. As noted in Startup Advice From College Dropouts , successful entrepreneurs are often poor students. Look For MBA Outliers.

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InfoChachkie

AUGUST 26, 2013

This approach allows your venture to "fail in the small" and make course corrections before spending significant marketing resources. Many entrepreneurs naively hire a PR firm to launch their nascent products in the hope of leveraging the firm''s industry contacts. Share and Enjoy. Rely On A Public Relations Agency.

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InfoChachkie

JANUARY 21, 2013

As part, of UC Santa Barbara’s Distinguished Lecture Series, Eucalyptus Systems' CEO, Marten Mickos shared his insights and advice regarding what it takes to be a serially successful entrepreneur. Early in his talk he demystified success, noting that, "I am (a) serially unsuccessful entrepreneur. Learning To Be An Entrepreneur.

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Startup Professionals Musings

JUNE 3, 2020

Most of you aspiring entrepreneurs have new ideas on a regular basis, and find it hard deciding which to pursue, or try to tackle several at the same time. Good examples of initial focus by an entrepreneur would include Jeff Bezos when he started Amazon as an online marketplace for books only, and Elon Musk starting PayPal as an online bank.

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Berkonomics

FEBRUARY 3, 2022

Of course, even though that is your contract with the investors, way over half of those implied contracts never work out that way. We say that you are growing an evergreen enterprise , one in which outside money is to be taken in the form of loans or royalty agreements, not shares of stock or ownership.

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Startup Professionals Musings

OCTOBER 10, 2022

Most new entrepreneurs don’t anticipate the burdens of being the leader, including the sense of loneliness and isolation at the top. Even in a single entrepreneur startup, the leader carries a heavy weight. Of course, that only leads to antagonism and further isolation. Share your fears and challenges with selected insiders.

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Both Sides of the Table

OCTOBER 8, 2014

” It’s the most common refrain I hear from investors and even entrepreneurs these days. Of course that’s not disputable. I think there is also no denying the role that Richard Rosenblatt has played in building the LA tech ecosystem and spawning great entrepreneurs who followed in his footsteps. Yes, Google won.

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Startup Professionals Musings

APRIL 23, 2012

Even still, regardless of the initial equity split, you should seriously consider vesting your founders shares over at least two years. Of course, holding key assets and money always provide leverage to management rights as well as economic rights. Startup decisions only get harder later, never easier.

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Startup Professionals Musings

SEPTEMBER 23, 2019

The realm of an entrepreneur is all about change, but in my experience as a mentor to business founders, I hear too much about incremental change, and not enough about revolutionary change. Uber and Airbnb are examples of startups that started the sharing movement, but quickly grew to challenge large conglomerates.

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SoCal Tech Calendar

JULY 11, 2012

Tuesday, July 17, 2012 -- Los Angeles Entrepreneurs at Steingarten! Expand your business network and meet other entrepreneurs over a fun meal! Share your business experiences, discuss success strategies, and create partnerships over a multi-course dinner at Steingarten. See [link] (more)

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InfoChachkie

MARCH 2, 2015

Despite the fact that I teach entrepreneurship at UC Santa Barbara , I do not believe that entrepreneurs are created in classrooms. Instead of trying to teach students to be an entrepreneur, I expose my entrepreneurial students to tools that will help them solve real-world problems. My courses are rigorous and demanding.

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Both Sides of the Table

OCTOBER 5, 2014

Of course the dirty one took the shower.’ For me, after nearly a decade in the trenches of being an entrepreneur I felt I was un-brainwashed from trying to pretend I had all the answers. The more self-assured the VC is and the more impressionable the entrepreneur is the worse the outcome. ’ ‘No.

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Both Sides of the Table

MARCH 1, 2010

I call it the entrepreneur thesis. I’m not talk about the age old debate amongst investors whether you back entrepreneurs, markets or products (or as people like to hedge – product / market fit). It’s entrepreneurs I back. It’s what I call the “entrepreneur thesis.” So what is the “entrepreneur thesis?”

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InfoChachkie

JUNE 16, 2016

Entrepreneurs create their own jobs, why shouldn’t they also create their own degrees? As described in Should Millennial Entrepreneurs Skip College? most young entrepreneurs benefit greatly from the college experience. This list is intended to cover non-obvious courses relevant to entrepreneurs. Communication.

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InfoChachkie

NOVEMBER 25, 2013

Adeo Ressi is a serial entrepreneur turned investor and entrepreneur advocate. Adeo Co-Founded the entrepreneur-friendly website The Funded and he is the Founder and CEO of The Founder Institute , whose goal is to create and foster local startup ecosystems across the globe. Sharing The Spoils With Entrepreneurs.

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InfoChachkie

APRIL 7, 2010

Despite the pathetic nature of Barney deals, the big purple dinosaur offered sound business advice to entrepreneurs in a TV episode entitled, “Sharing means caring.” Barney realized that caring entails a willingness to share the risks and rewards associated with a mutually advantageous relationship. When Sharing Works.

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Both Sides of the Table

APRIL 21, 2013

It is of course why immigrants power so many successful businesses in the US and why we need to embrace them. How much could the new generation of entrepreneurs learn from that? Why would I share my loved one with someone else?” As the son of an immigrant myself, I am a sucker for an immigrant story.

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Startup Professionals Musings

APRIL 28, 2023

Entrepreneurs seem to have blinders on when looking at competitors. With this agreement in place, there are a host of ways that both sides can win: Share common technology. Every startup has a core competency which should not be shared. Expand the market for both. Both partners must not forget they are still competitors.

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Both Sides of the Table

JANUARY 20, 2013

” I have long thought about and written about the personal toll that being an entrepreneur places on your life. These were amongst some of the most read blog posts I have written, which shows me that the stress, pressures and loneliness of being and entrepreneur resonates. They start with their own journey. They want to win.

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Startup Professionals Musings

DECEMBER 25, 2019

Despite the rush in every academic institution to offer more courses on entrepreneurship, I still haven’t found it to be something you can learn in school. Of course, you can pick up the basic principles this way, but the problem is that the practical rules for success are changing so fast that no academic can keep up.

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Tips Startup Case Study Course 122

Both Sides of the Table

DECEMBER 21, 2009

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. If you haven’t spent time over there you should.

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Startup Professionals Musings

JANUARY 21, 2013

Many believe that entrepreneurs are born, not made. While I agree that successful company builders usually have a natural inclination to be entrepreneurs, a good education helps polish that apple. Of course, there's no law saying you have to go to college to start a business. Supplement course work with practical experience.

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Startup Professionals Musings

MARCH 4, 2023

I recommend that every entrepreneur and small business investigate and implement as many as possible of his seven new business force multipliers that I will paraphrase here: Information sharing through social media networks. Of course, the concept of force multiplication goes far beyond your startup networks.

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Startup Professionals Musings

MAY 27, 2023

In the same way, great entrepreneurs and company leaders should no longer rely on faceless and nameless processes to drive business strategy and innovation to stay competitive. Here is my adaptation of his engagement principles for all the aspiring entrepreneurs I advise: Learn to adopt an outsider’s perspective.

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Startup Professionals Musings

JANUARY 27, 2014

Over the years, I’ve had the privilege of working with some of the best entrepreneurs in Silicon Valley and elsewhere. On the average, the entrepreneurs I know are living on Ramen noodles. I’ve never known any successful entrepreneurs or investors who were not happy to share their insights. Read entrepreneur stories.

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Startup Professionals Musings

AUGUST 21, 2021

Yet as a business advisor I am convinced that making the jump from a startup to a the next unicorn takes a different mindset, and actions most entrepreneurs are reluctant to face. Of course, that means a mindset willing to give up much more equity, and taking on a whole new level of risk.

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Startup Professionals Musings

JUNE 17, 2023

In the world of entrepreneurs and startups, high level relationships are everything. Limited information sharing (second floor). You feel safe enough to voice opinions, discuss perspectives and share feelings in making decisions. Sharing the other person’s state of mind (top floor). You can’t start a business alone.

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Startup Professionals Musings

OCTOBER 1, 2023

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have.

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Startup Professionals Musings

DECEMBER 18, 2012

Zigging and zagging amongst the obstacles is the fun part of being an entrepreneur, and it’s what sets you apart from the average worker who knows exactly what he or she has to do every day to get paid. There are certain foundational elements that every entrepreneur must build on to succeed, as well as some critical tools we all need.

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Berkonomics

JUNE 1, 2023

And I’m sure they had no idea what they were fathering with that effort which eventually became ARPANET, and then of course, the Internet itself. They had no mantra, and a limited vision to connect mainframe computers to share academic information. The Internet and AI – new opportunities for innovation.

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Startup Professionals Musings

NOVEMBER 26, 2022

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup. Most entrepreneurs never forget for a moment that having investors means owing money, even if they can legally argue that equity is not debt.

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InfoChachkie

AUGUST 4, 2014

Although far wittier than yours truly, Chuck shares my heightened sense of cynicism. I reached out to the company and Mr. Kutay graciously shared his multi-decade entrepreneurial journey with me. If you could share one startup lesson with a young entrepreneur, what would it be?

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Startup Professionals Musings

AUGUST 24, 2016

I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. The next default of waiting until later is equally bad, since partners who bow out early will still expect an equal share of that first billion you make later. Now comes the reality check.

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Startup Professionals Musings

MARCH 6, 2015

Every startup founder rightfully starts out as the single leader of the startup, but as the business grows, many entrepreneurs struggle with relinquishing any control, or fail to recognize and allow other leaders to emerge. Of course that means that the entrepreneur has to foster a culture that enables and rewards integrity.

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