Startup Professionals Musings

MARCH 1, 2021

For most entrepreneurs, their current business is not where they intend to stay until they die. At the right time, they all intend to make a graceful exit, and leave while still perceived to be on top of their game. Cast a wide net, including people inside and outside your fields of interest. Push your comfort zone.

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Company Companies Tips .Net 164

Berkonomics

JULY 30, 2015

500 entrepreneur, after years as a senior marketing manager of a large computer company. One thing, though, that never bothers an entrepreneur is fear of the unknown. I digress for a moment with a business lesson direct from the hand of our mentor at the time, Mister Berkus himself. 500 list at that time. By Berni Jubb.

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Berkonomics

NOVEMBER 2, 2023

I guarantee that there comes a time when growing businesses outgrow the original span of control of the entrepreneur. It is a critical period and is a test of the entrepreneur’s desire and ability to delegate. This was a tough decision at that time. I was for the first time dependent upon the work of others.

.Net 156

.Net Los Angeles Content Entrepreneur 156

Berkonomics

SEPTEMBER 27, 2018

I have saved this next story until now because it is one of my favorites, and certainly illustrates the point about timing being a combination of luck and skill as well as anything I could devise from fiction. The company of eight was engaged in web design, which, early in the growth of middle-sized business on the web, was hot at the time.

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Startup Professionals Musings

MAY 23, 2022

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. Conscious Capitalism , a popular business movement with a focus on culture and ethics, claimed a few years ago returns 10 times higher than the S&P 500.

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Berkonomics

AUGUST 3, 2023

However, most often, these funds are solicited by a well-meaning entrepreneur from investors who are not qualified as accredited investors under the law (currently requiring a proved income of $200,000 a year or $1 million in net worth for an individual investor). Taking this kind of money has several pitfalls you should be aware of.

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Startup Professionals Musings

MAY 18, 2019

Elon Musk via Flickr by TED Conference To be successful as an entrepreneur, you don’t have to be a fabulous person, but it helps. Some people, and some entrepreneurs, have that something extra that you can’t quite put your finger on, like Ryan Seacrest is searching for on American Idol. Be delightfully authentic and honest.

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Startup Professionals Musings

SEPTEMBER 28, 2018

One of the big differences between an entrepreneur and an employee of a big business is that employees tend to have a very narrow focus on their job, while entrepreneurs have to keep the broader focus on business. entrepreneurs consistently claim to be happier , and have a higher net worth than employees. In fact, U.S.

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InfoChachkie

JANUARY 27, 2014

Entrepreneurs typically embrace celebrity investments, while most sophisticated investors prefer to avoid famous entertainment or sports personalities on the cap table. Celebrity investors aside, I am a fan of high net worth individuals who are willing to allocate some of their risk capital to foster a startup''s success.

Entrepreneur 193

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Berkonomics

NOVEMBER 21, 2019

But that is a number in a vacuum without at least two other measures: return on investment (ROI) and percentage of net profit to revenue. Microsoft, Google, Amazon and other great firms generate billions of revenues and profits and even have a high ROI and high net profit percentage. Comparing ourselves to the giants.

Company 156

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Berkonomics

JANUARY 13, 2022

You might even allow yourself to admit that you almost lost it all several times during this long run, and that only you knew how close you came to the abyss. You no longer need to worry over daily cash or threats to your net worth. What most entrepreneurs fail dramatically at is to celebrate the moment.

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Startup Professionals Musings

JUNE 28, 2021

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”). I still don’t see it happening any time soon. Neither does David S.

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Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Only then is it time to focus on the get-big-fast strategy, and the transformation of three key areas from startup to a managed growth company.

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Both Sides of the Table

OCTOBER 8, 2014

” It’s the most common refrain I hear from investors and even entrepreneurs these days. Over the past 4 years LA’s tech fundings have growing at a 30% compounded annual growth rate (CAGR) which is > 4 times the US average VC CAGR (7%). “There’s something going on in LA.” Success begets success.

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Both Sides of the Table

JANUARY 5, 2010

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs are inherently risk takers.

Entrepreneur 293

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InfoChachkie

FEBRUARY 17, 2015

Some of the all-time greatest business deals involve entrepreneurs who viewed the scope of their negotiations in terms of decades, rather than years. Too often, entrepreneurs negotiate deals which consider a relatively short-term time horizon. However, shrewd entrepreneurs look beyond a deal’s near-term impact.

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Startup Professionals Musings

APRIL 21, 2023

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. An entrepreneur looking for a sure thing will never innovate. From time to time, include customers and sales members in ideation sessions. Net result and reward. No risk, no innovation.

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Both Sides of the Table

SEPTEMBER 28, 2014

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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socalTECH

JULY 7, 2010

One complaint we sometimes hear from venture capitalists visiting Southern California for the first time, is the difficulty of finding experienced entrepreneurs and executives. com, and was CEO of Vivendi Universal Net USA. Have we missed a repeat entrepreneur or company you think ought to be watched?

Southern California 228

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Startup Professionals Musings

FEBRUARY 19, 2022

Some people, and some entrepreneurs, have that something extra that you can’t quite put your finger on, like the judges are searching for on American Idol. But the entrepreneurs that have it, including Elon Musk and Richard Branson, seem to be able to effortlessly get team members, investors, and customers to follow them anywhere.

Entrepreneur 139

Entrepreneur Social Media Startup .Net 139

Berkonomics

SEPTEMBER 7, 2017

I guarantee that there comes a time when growing businesses outgrow the original span of control of the entrepreneur. It is a critical period, and is a test of the entrepreneur’s desire and ability to delegate. This was a tough decision at that time. I was for the first-time dependent upon the work of others.

.Net 243

.Net Los Angeles Content Email 243

Berkonomics

SEPTEMBER 17, 2011

The company of eight was engaged in web design, hot at the time. But the real asset became obvious at almost exactly 5 PM that day, when all eight stopped what they were doing and began using a tool they had licensed from a Florida company to find other Internet gamers to join them in playing intense first party shooter games over the ‘net.

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Sales Web Design Web Entrepreneur 149

Both Sides of the Table

FEBRUARY 20, 2012

She actually IS the prototypical entrepreneur. But Tracy did what entrepreneurs do. In one year of Airbnb Tracy netted more than $28,000. Sam is the managing director of Launchpad LA and we were about to pick our 2012 class of entrepreneurs. She exudes many of the characteristics of a successful entrepreneur.

Startup 363

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InfoChachkie

JANUARY 18, 2012

As part of UC Santa Barbara’s Distinguished Lecture Series, serial entrepreneur and noted venture capitalist Mark Suster recently shared his advice with a large crowd of emerging entrepreneurs. In the last six weeks, I have been pitched by five entrepreneurs under 20. free weekly Infochachkie articles! The youngest was 15.

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Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Only then is it time to focus on the get-big-fast strategy, and the transformation of three key areas from startup to a managed growth company.

Entrepreneur 113

Entrepreneur Startup Technical Review Customer 113

Berkonomics

MARCH 30, 2012

Dave’s Note: This is the first time we’ve had a guest author on the BERKONOMICS site. The times have changed, and many of the sources available in the past have become risk averse or moved on, but there are new alternatives. Research the Net for guidance in this arena, which is changing as laws enabling this are evolving.

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Startup Professionals Musings

OCTOBER 10, 2018

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” If you have the urge to be an entrepreneur, I encourage you to think seriously about each of these, before you zero-in on one or two, and get totally discouraged if those don’t work for you.

Entrepreneur 96

Entrepreneur Startup Equity Funding 96

Startup Professionals Musings

AUGUST 12, 2015

As a startup investor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. An entrepreneur looking for a sure thing will never innovate. Innovation is not a one-time thing. Net result and reward. Followers and linear thinkers need not apply. No risk, no innovation.

Entrepreneur 101

Entrepreneur Startup Coach Metrics 101

TechCrunch LA

MAY 19, 2020

The United Dwelling houses are equipped with the latest appliances and their insulation and electrical ranges, washers, and dryers mean that the apartments have net zero energy consumption and a net zero carbon footprint, according to Dietz. The company uses a local nonprofit organization called Chrysalis to build its units.

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Los Angeles Startup Culver City .Net 191

Berkonomics

FEBRUARY 27, 2020

Investors love to see entrepreneurs who have used their own money to ignite their businesses. But often, entrepreneurs turn to others for initial capital. Currently that standard requires a minimum of $200,000 in annual income or over one million in net assets, including the value of the investor’s principal residence.

Company 156

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Both Sides of the Table

JUNE 19, 2017

One of the hardest decisions entrepreneurs make when they start a company and raise outside capital is figuring out what an acceptable “burn rate” is. The Basics The starting point — the 101 — is knowing the difference between gross burn and net burn. GAAP Net Income, which at times isn’t a good reflection of cash burn).

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Startup Professionals Musings

AUGUST 18, 2018

As a startup investor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. An entrepreneur looking for a sure thing will never innovate. From time to time, include customers and sales members in ideation sessions. Net result and reward. No risk, no innovation.

Entrepreneur 64

Entrepreneur Coach Metrics Competition 64

Startup Professionals Musings

JANUARY 21, 2017

Being called a lifestyle entrepreneur should be a point of pride, not an insult. Of course, even lifestyle entrepreneurs want to be happy, and want their business to be “successful.” Under all of these, net income flows easily into your personal income. It seems that more people are focused on money today. Cobb and M.

Entrepreneur 69

Entrepreneur Startup Equity Course 69

Both Sides of the Table

OCTOBER 7, 2014

This is something I think entrepreneurs don’t totally understand and it’s worthwhile they do. My view: “Spending any time or energy trying to game the ‘definition’ of your round of fund raising is a total waste. I saw this myself a few times in a row. Nobody cares. Why the latter?

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Startup Professionals Musings

OCTOBER 8, 2023

Most entrepreneurs have found by now one or more of the many popular crowdfunding sites , and have the name and contact information for at least one of the big venture capital firms. Each has met legal securities minimums for net worth and professionalism, to reduce the risk to entrepreneurs. Marty Zwilling

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Startup Professionals Musings

MAY 24, 2017

To be successful as an entrepreneur, you don’t have to be a fabulous person, but it helps. Some people, and some entrepreneurs, have that something extra that you can’t quite put your finger on, like Ryan Seacrest is searching for on American Idol. These moments are always being transformed into options to be explored.

Entrepreneur 66

Entrepreneur Social Media .Net Startup 66

Startup Professionals Musings

MAY 11, 2014

Entrepreneurs are all about firsts, and the most important is you making a great first impression – on investors, customers, new team members, and strategic partners. Maybe you love wearing Hawaiian shirts to work, but when you visit a traditional banker to close on a loan, it will be worth your time to put on a solid shirt and jacket.

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