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My Thoughts on the Current Market: on 20-Minute VC

Both Sides of the Table

Harry was gracious enough to invite me back so this past week we recorded an episode discussing the current market environment. Nobody will be immune because in a bull market executives are paid to “innovate” so they sign software contracts and run projects. The reality is that when unemployment sinks in demand is likely to get worse.

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Every Startup Goes Through Distinctive Funding Phases

Startup Professionals Musings

The first step toward a business with any idea is to write it down, and build a business plan around it. Usually these will not give you money, but will provide inexpensive expert mentoring and office services. Companies at this stage must have a large market, good traction, and be focused on scaling infrastructure and market adoption.

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Hard Decisions Require Empathy

Both Sides of the Table

It goes without saying that if you find yourself in a really negative headspace PLEASE reach out to any trusted mentor, friend or family member. In the words of my friend and a CEO with whom I work, “Yeah, I know I need to make some cuts because our demand has changed, but I want to do this with a scalpel and not with an axe.”

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How To Find Support Resources For Your Startup Stage

Startup Professionals Musings

The first step toward a business with any idea is to write it down, and build a business plan around it. Usually these will not give you money, but will provide inexpensive expert mentoring and office services. Companies at this stage must have a large market, good traction, and be focused on scaling infrastructure and market adoption.

Resource 171
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7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. In fact, they are probably in such a hurry to give you money that they don’t want you to waste time writing anything down and passing it along to new investors.

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7 Characteristics Of Startup Founders Who Enjoy Life

Startup Professionals Musings

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup. Don’t demand or expect immediate gratification.

Startup 171
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7 Ways To Fail In Setting Up Your Board Of Directors

Startup Professionals Musings

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. Board rules and governance policies should be articulated in writing and voted upon. Board members in constant conflict can kill your company more quickly than any market forces.

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