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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened? There was no money train.

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Check Your Entrepreneurial DNA Before You Start Up

Startup Professionals Musings

To confirm the value of checking yourself, I find more and more investment organizations and startup incubators, including StartupAmerica and CoFoundersLab , already use a formal process, such as StrengthsFinder , as part of their screening process. The Builder excels at constructing a business from the ground up.

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7 Ways Founders Demonstrate They Can Run A Startup

Startup Professionals Musings

When starting a new business, an entrepreneur has to take a “hands-on” role. Thus I don’t see many startups run in absentia or by big company executives. Startup founders need to see, touch and feel all the key elements of a new business as it evolves, much like an artist renders a new painting or sculpture.

Startup 102
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5 Unpleasant Startup Surprises and How To Recover

Startup Professionals Musings

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. The market changes faster than your startup. The money runs out before revenues start.

Startup 105
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10 Steps To Finding The Right Startup Co-Founder

Startup Professionals Musings

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Two heads are always better than one in a startup. Your best friend, spouse or a family member is the least likely candidate, so don’t start there.

Startup 105
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The Peter Principle Can Paralyze Your Startup Team

Startup Professionals Musings

The good news is that recent big company financial woes and layoffs have generated a flood of candidates with real experience seeking positions at startups. They are not the ones you need in the few key team positions to drive your startup. Set your own metrics and rewards to map to results. Back in 1968, Dr. Laurence J.

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8 Ways To Prepare Your Startup For Obstacles Ahead

Startup Professionals Musings

Too many entrepreneurs tackle starting a business as a random walk into a business minefield, and they count on their street smarts, thick skin and pure determination to get them to their destinations alive. One preparation example is the value of building a business plan before you start. Define success as it relates to this startup.

Startup 101