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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. Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. They got the data feed either from the research company or from the investment bank.

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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.” Investing in startups is a numbers game.

Funding 144
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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. This tells you whether your marketing and advertising investments are paying for themselves. annual review business entrepreneur metrics startup' Size of gross margin.

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Going Green with Smart Home Technology

Tech Zulu Event

That statistic alone shows that the U.S. For those unfamiliar with the term, home automation essentially means using technology to connect, control, and automate normal home processes, turning a regular home into a “smart” home. That’s a small investment to make your home both eco-friendly and convenient. Water Usage.

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10 Quotes You Should Never Use Around A Business Plan

Startup Professionals Musings

“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors invest in the jockey, more than the horse. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.

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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.

Invest 111
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10 Strategies For Attracting Investors That Will Fail

Startup Professionals Musings

“Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.” Investors invest in the jockey, more than the horse. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.