Remove Invest Remove Mentor Remove Metrics Remove Technical Review
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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

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. Bill Gates was the technical genius, but Steve Ballmer, from Procter & Gamble, ran the business side of the equation.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges. Don’t make growth a big-bang event.

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8 People And Process Skills Required In Any Business

Startup Professionals Musings

During my time in Silicon Valley, I was struck by the fact that most successful entrepreneurs seemed to personally know and regularly hear from all the “movers and shakers” who had the investment capital and leadership they needed. They mentor each other, and seek out experts in domains outside their current expertise and experience.

Startup 113
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Interview with Julie Novack, PartySlate

socalTECH

Unlike Yelp and listings sites that are focused on user-generated reviews or things like that, we're really a portfolio sharing site, and a tool of professionals. He and I connected, and walked through PartySlate and what we were doing, and he immediately said he wanted to invest and become an advisor to the company.

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Why Am I So Lucky?

Both Sides of the Table

I reviewed a deal for a friend of mine tonight. He’s an incredibly smart investor and somebody that I actually consider to be a mentor to myself. He wanted to know what I thought of his technology deal. “… for any good investment, from Series A on, there is at least one firm to compete with. Fair enough.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. Some dreams sound great, but may not yet be viable or proven with today’s technology.

Ideas 94
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8 Disciplines for Transforming Ideas Into Businesses

Startup Professionals Musings

Yet, in my experience as a mentor to entrepreneurs, the majority of failures I see are related to starting and growing the business, not developing the solution. Normally the goal is to make enough money to be sustainable and provide a return on the investment of constituents. Manage the business with metrics and goals.

Ideas 72