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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?

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6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

In fact, I think the evidence is clear that many entrepreneurs started their journey while still in college, and capitalized on all the resources there, before moving on: Extend your technology focus with business basics. Take advantage of free startup programs and mentors. Write a business plan and pitch deck for learning.

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How I Got the Monkey Off My Back – Today Was a Good Day

Both Sides of the Table

As a result I didn’t write my first venture capital check until March 2009 – exactly 5 years ago. That company was Invoca, which just announced a $20 million fund raise led by Accel. At the time I pointed out: “If I had realized exits almost certainly it would be because I invested in a company that failed.

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5 Keys To Satisfaction When Starting A New Business

Startup Professionals Musings

As a mentor to many aspiring entrepreneurs, I’m often asked what it takes to get satisfaction from this lifestyle. These are ones behind many of the modern game-changing companies, like Pinterest and Tesla. Then write them down. Only 13 percent of workers are fully engaged in their job. Be prepared to experiment.

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Don’t Let Daily Business Challenges Turn You Negative

Startup Professionals Musings

will proceed to give you a 20-minute dissertation on their latest health symptoms, the latest company problem, and the sad state of the world in general. Ask a mentor for support. Choose a friend or mentor (not your spouse) whom you trust to tell you the truth, and ask for help. Here are a few suggestions: Get a medical checkup.

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Every Startup Goes Through Distinctive Funding Phases

Startup Professionals Musings

The first step toward a business with any idea is to write it down, and build a business plan around it. Usually these will not give you money, but will provide inexpensive expert mentoring and office services. Companies at this stage must have a large market, good traction, and be focused on scaling infrastructure and market adoption.

Startup 122
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Early stage money: The problem with PPMs

Berkonomics

Bill Payne has been actively involved in angel investing since 1980, funding over 50 companies and mentoring over 100 more. He is the recipient of the coveted “Hans Severiens Award form the Angel Capital Association, its highest honor. . I don’t fund new companies that have prepared PPMs for investment.

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