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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Here’s how I learned my lesson: I started my life as a consultant. Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects.

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6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

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6 New Venture Realities To Target Your Funding Effort

Startup Professionals Musings

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). Rose, according to his classic book, “ Angel Investing.”

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6 New Venture Ending Alternatives You May Contemplate

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

They also look for entrepreneurs they know from past experience and warm introductions, or for evidence that you have previously built a successful startup, and sold your last one for maybe $800 million. Every pitch should start with a concise statement of the problem and your innovative solution.

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The Resetting of the Startup Industry

Both Sides of the Table

Much has changed in the past four months of the technology startup world and how outsiders value the business. And when prices are dropping on a VCs existing companies in market, there is a substantial reduction in FOMO (fear of missing out) for new deals, which means that investors take their time in making investment decisions.

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Crowd Funding Has Not Killed Angel Investing Yet

Startup Professionals Musings

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). Thus investing in startups should always be approached as a low odds game.

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