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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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5 Business Growth Drivers Facilitated By A Co-Founder

Startup Professionals Musings

Starting and running a business requires many different skills and interests, and not many of us have all of them. Thus, in my mentoring of potential technical entrepreneurs who have a real passion for their technology, I often recommend that they find a co-founder who can manage the marketing and execution elements of the new venture.

Mentor 133
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7 Keys To Keeping Your Business Agile And Competitive

Startup Professionals Musings

Start small and move quickly to test new approaches that can be scaled up later, with an understanding that some will fail. That means making sure you are utilizing coaching and mentoring, as well as training to keep up with changes in technology and the marketplace. Adopt some key metrics to measure your change agility.

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8 People And Process Skills Required In Any Business

Startup Professionals Musings

As an investor in startups, I most often see entrepreneurs who are technologists, or at least have a real passion for a specific product. Here is my list of key drivers that I find critical to thriving in big businesses, as well as startups: Networking to build and maintain key relationships.

Startup 113
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10 Business Practices Owners Often Learn The Hard Way

Startup Professionals Musings

I agree with those of you who tell me that you learn the most from your own mistakes, but that shouldn’t keep you from starting with some best practices , and the feedback from others who have been there and done that. Start business discussions only from a positive mindset. Use metrics on key deliverables to assure quality results.

Startup 134
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6 Steps To Showing The Business Value Of What You Do

Startup Professionals Musings

As a mentor to business professionals, I find that many are frustrated that peers and managers don’t recognize the true value of their contributions. Documenting your input early, and follow-up later by quantifying customer revenue is your only way to make sure your value in the revenue growth process is not forgotten.

Examples 133
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10 Keys To Winning In A Sea Of Competitors and Change

Startup Professionals Musings

In my role as a mentor, I challenge every business leader to be more open-minded as they face the challenges of change and new competitors entering their space. Passion and optimism are great for starting a business, but you need to add realism to keep it growing and thriving. Put metrics in place to track decision results.