Startup Professionals Musings

NOVEMBER 15, 2019

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio.

Metrics 98

Metrics Tool Statistics Entrepreneur 98

Startup Professionals Musings

JANUARY 9, 2021

Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. For these reasons, I always look for an overt exit strategy in every startup I might consider for an angel investment. Set your startup health gauges and use them.

Startup 173

Startup Entrepreneur Metrics Acquisition 173

Both Sides of the Table

NOVEMBER 8, 2011

Launchpad LA today announces it will accept applications for its third class of Los Angeles-based tech startups. To give visibility to these companies to: Sources of funding (angels / VCs), business development partners, mentors who have themselves built successful companies, the press and potential employees to hire.

Venture Capital 287

Venture Capital Funding Startup GRP Partners 287

Startup Professionals Musings

MAY 13, 2020

As a mentor to entrepreneurs over the years, I see many of you who don’t communicate enough, others who seem to do all the talking, and some that are hesitant to be direct and open. You as the leader have a responsibility to define goals, strategy, and operational metrics. Always open to be influenced by new information.

Startup 124

Startup Ideas Examples Metrics 124

Startup Professionals Musings

MARCH 25, 2022

I agree with those of you who tell me that you learn the most from your own mistakes, but that shouldn’t keep you from starting with some best practices , and the feedback from others who have been there and done that. Start business discussions only from a positive mindset. Use metrics on key deliverables to assure quality results.

Startup 134

Startup Training Tool Demand 134

Startup Professionals Musings

MAY 20, 2020

Based on my own years of experience in big business, startups, and the investor community, here are the key habits and traits that each of us needs to continually improve to be perceived by peers and others as leaders and innovators in business here and consistently around the world: Be aggressive in aspirations but prudent in execution.

Entrepreneur 168

Entrepreneur Mentor Metrics Customer 168

Startup Professionals Musings

DECEMBER 26, 2022

As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to get satisfaction from this lifestyle. I found some great help in outlining the elements of this process in the book, “ Disruptors ,” by Kunal Mehta. Put it behind you by setting your own realistic metrics for success and happiness.

Satisfaction 153

Satisfaction Entrepreneur Writing Startup 153

Startup Professionals Musings

SEPTEMBER 9, 2020

In my own business career, many years as a business advisor, and mentor to aspiring entrepreneurs, I have validated the following strategies to practice and guide you. Each of these will help you in achieving success and satisfaction while tackling your toughest business issues: Stop attacking symptoms – dig first for the root cause.

Satisfaction 152

Satisfaction Mentor Study Startup 152

Startup Professionals Musings

OCTOBER 2, 2015

By definition, every startup is predictably unpredictable, since new solutions have no proven track record, startups are usually building a new market, and the world around them is changing faster than ever. Bring in expert advisors and mentors to set initial goals, and build recovery plans. The solution fails to come together.

Startup 105

Startup Entrepreneur Marketing Satisfaction 105

SoCal CTO

JANUARY 26, 2010

In December 2007, I described how I commonly take on an Acting CTO Role in a Start-up. However, I’ve now begun questioning how and what an early-stage / startup CTO should be. What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer. Gap closed, right? Probably not.

Fractional CTO 225

Fractional CTO CTO CTO Hire CTO Coach 225

Startup Professionals Musings

SEPTEMBER 30, 2015

Although many won’t admit it, true entrepreneurs can’t wait to exit their current startup, and build a new and better one with their next great idea. For these reasons, I always look for an overt exit strategy in every startup I might consider for an angel investment. Set your startup health gauges and use them.

Startup 98

Startup Entrepreneur Metrics Acquisition 98

Startup Professionals Musings

JULY 15, 2020

In the spirit of helping you avoid some of our own learning experiences with startups, I will paraphrase here the nine key stages that he and I both see most businesses going through in their evolution from a startup to a successful and stable entity: You can’t sustain a business without positive cash flow.

Metrics 140

Metrics Entrepreneur Coach Satisfaction 140

Startup Professionals Musings

AUGUST 25, 2023

Of course, starting and running your own business comes with financial and personal risks, so I always recommend that you do your homework first, and follow some tried and proven strategies to improve your odds of success. These days, you can’t start and run a business alone. Define key metrics to measure progress and success.

Social Media 98

Social Media Metrics Media Tool 98

socalTECH

JUNE 1, 2012

That's what Los Angeles-based MergeLocal (www.mergelocal.com) is looking to find out, by offering up points which can be converted to real cash, when users check into local businesses. It helps local businesses, events, and brands to promote themselves, based on the location of their users. What is MergeLocal?

CTO Coach 223

CTO Coach Startup Mobile Artificial Inteligence 223

Startup Professionals Musings

APRIL 28, 2021

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. Needed help can be your biggest burden. Mergers and acquisitions also require new skills.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

NOVEMBER 2, 2015

To do it well requires a focus on several key activities and practices, including the following: Maintain a positive attitude, since startup problems are normal. If you feel angry or exhibit a negative attitude to the team about problems, you will jeopardize the potential success of your startup. Very few startup problems are unique.

Startup 100

Startup Entrepreneur Satisfaction Metrics 100

Startup Professionals Musings

MARCH 19, 2021

As an angel investor in new startups, I’ve long believed that investors invest in people, not ideas. In my view, it starts with your communication of real personal values , and ends your focus on results. Your values will help you build trust with team members and customers, increase your productivity, and inspire others.

Customer 157

Customer Custom Metrics Ideas 157

Startup Professionals Musings

OCTOBER 5, 2022

As a mentor to business professionals, I find that many are frustrated that peers and managers don’t recognize the true value of their contributions. Documenting your input early, and follow-up later by quantifying customer revenue is your only way to make sure your value in the revenue growth process is not forgotten.

Examples 133

Examples Metrics Startup Customer 133

socalTECH

OCTOBER 26, 2016

This morning, Techstars (www.techstars.org), the startup accelerator which has had great success in spreading its approach to helping to get startups to the next stage of their life�usually, funding�announced it has opened up its third accelerator in Los Angeles, Techstars LA. The focus is on helping the startup.

Startup 100

Startup Los Angeles Mentor Class 100

Startup Professionals Musings

JUNE 1, 2022

In my role as a mentor, I challenge every business leader to be more open-minded as they face the challenges of change and new competitors entering their space. Passion and optimism are great for starting a business, but you need to add realism to keep it growing and thriving. Listening to customers also helps.

Technical Review 120

Technical Review Customer Custom Social Media 120

Tech.Co

APRIL 30, 2018

Just across the Potomac river from our nation’s capital sits Arlington, Virginia, a beautiful city filled with bustling businesses, thriving tech startups , and an innovative vibe that is drawing founders to this growing region. . These founders talked to us about why building a company in Arlington has helped fuel their success.

Startup 70

Startup Tool Platform Metrics 70

Startup Professionals Musings

JULY 13, 2015

The last thing they can afford is to waste any of these, but in my mentoring and coaching activities, I see it happening all too often. Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. In the startup world, this is often seen as a lack of focus.

Resource 105

Resource Startup Entrepreneur Training 105

Startup Professionals Musings

JANUARY 30, 2017

Entrepreneurs are people who dream up new ideas, and then commercialize them into new businesses. Most people believe that the hard part is coming up with the idea, and the easy part is turning it into a business. A written plan is helpful for communication to others Assemble a team with the right skills and experience.

Ideas 72

Ideas Startup Metrics Entrepreneur 72

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Almost any startup can start with Excel, and move to open-source data analysis tools, including Python or RStudio.

Tool 121

Tool Statistics Entrepreneur Metrics 121

socalTECH

AUGUST 28, 2017

PartySlate (www.partyslate.com)--which is backed by a slate of LA area investors--offers up a place to browse photos on events, find venues, and most importantly, planners who put those events on, so your next big event can be an unforgettable one. That's how I came up with the idea. Why did you create PartySlate?

Technical Advisors 100

Technical Advisors Technical Review Metrics Startup 100

Startup Professionals Musings

SEPTEMBER 22, 2022

Usually these are described as revenue growth drivers, as outlined in a new book, “ The Revenue Accelerator: The 21 Boosters to Launch Your Startup ,” by Dr. Allan Colman. For example , Bill Gates shared a mentoring relationship with Warren Buffett that increased the credibility of both, although their business domains were quite different.

Marketing 133

Marketing Customer Custom Outsource Development 133

Startup Professionals Musings

APRIL 1, 2019

I’m convinced that is why many great business leaders remember working their way up the ranks. For example, Howard Schultz was not the founder of Starbucks, but started his career in one of their first 60 shops. This starts with picking your roles carefully – to be in the right place at the right time.

Technical Advisors 75

Technical Advisors Startup Satisfaction Customer 75

Startup Professionals Musings

APRIL 3, 2020

As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to switch and get real satisfaction from this lifestyle. I found some great help in outlining the elements of this process in the classic book, “ Disruptors ,” by Kunal Mehta. Put it behind you by setting your own realistic metrics for success and happiness.

Entrepreneur 123

Entrepreneur Satisfaction Writing Startup 123

Startup Professionals Musings

SEPTEMBER 5, 2014

After many years of working in and starting businesses, I’m convinced that implementing new business ideas is much more difficult than coming up with the ideas. Here are the key principles she espouses, extended to leadership teams, based on my own background and mentoring new entrepreneurs: Learn to trust yourself and your team.

Entrepreneur 104

Entrepreneur Startup Coach Metrics 104

Tech Zulu Event

MAY 9, 2014

As our first time covering a 500 Startups demo day , we could only imagine the stratospheric levels of stress our Batch 8 founders must have gone through to get on stage and present their progress from their last four months of startup bootcamp. In true 500 Startups fashion, Demo Day had an almost cathartic feel.

Startup 111

Startup Mobile Commerce Education 111

Startup Professionals Musings

SEPTEMBER 27, 2015

After many years of working in and starting businesses, I’m convinced that implementing new business ideas is much more difficult than coming up with the ideas. Here are the key principles she espouses, extended to leadership teams, based on my own background and mentoring new entrepreneurs: Learn to trust yourself and your team.

Develop 103

Develop Development Coach Metrics 103

socalTECH

OCTOBER 14, 2019

How do you create a tool to help address unconscious bias in the workplaceand why would you create a new startup in that area? We caught up with Michele and Dan to better understand why they founded the company, and why this market was such an interest to them. I realized we could help measure and address unconscious bias.

Content 150

Content Training Education Outsource Development 150

Startup Professionals Musings

AUGUST 7, 2020

Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Startup Professionals Musings

NOVEMBER 29, 2019

As a mentor to many aspiring entrepreneurs, I challenge them to think beyond what I call linear extensions to a current trend, such as another “easier-to-use” app for smartphones, a new dating site for pets, or another niche social network. Examples I have seen include atomic battery technology, or how marine algae could help feed the world.

Entrepreneur 126

Entrepreneur Ideas Resource Examples 126

Startup Professionals Musings

MARCH 2, 2020

in Physics who talks passionately about starting a business producing nuclear powered batteries. Create a written plan, with target milestones and metrics. Every startup I know, no matter how good their idea, has had to make one or more changes or pivots, as they adjust to the challenges of the real world.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

DECEMBER 27, 2019

Every new business dreams of growing from a startup to a global market leader in a few years, like Amazon.com, but that goal is elusive. As a mentor to entrepreneurs, I often get asked for the magic that has made Amazon the world's most valuable brand , from a total unknown only twenty years ago.

Marketing 123

Marketing Technical Review Customer Custom 123

Startup Professionals Musings

JUNE 2, 2019

You probably think that the fact that you have started your own business validates your leadership ability. Based on my own experience in large and small businesses, as well as mentoring entrepreneurs, here is my list of behaviors which will keep you ahead of the pack: Focus on managing relationships more than tasks.

Tips 97

Tips Mentor Coach Metrics 97