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The best advice startups will never follow

Berkonomics

Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later. The problem, of course, comes if the business fails.

Startup 317
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Any advice can be worthless, or worse.

Berkonomics

Ever get bad advice? Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. We all have in our past. But I digress. But I digress.

Startup 243
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Protect your company secrets!

Berkonomics

But all will immediately question whether the new business will compete in any way with their enterprise and react to the future entrepreneur in either of two very distinct ways based upon those fears. What could you do if your company secrets are compromised? So, here’s the obvious advice to give to departing employees. “No

Company 156
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Video: Advice For First Time Entrepeneurs, Matt Crowley

socalTECH

What are some of the biggest issues that brand new, first time entrepreneurs run into in starting their companies? Matt Crowley an attorney who runs the LAVA First Time Entrepreneurs Workshops and also has his own practice in Los Angeles, Crowley Corporate Legal Strategy, gives first time entrepreneurs some advice.

LAVA 113
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Here is How to Make Sense of Conflicting Startup Advice

Both Sides of the Table

Everybody has a blog these days and there is much advice to be had. Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. So far from not taking advice from other people – I want more advice, more data points, more opinions.

Startup 407
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Does your board give you good advice?

Berkonomics

This may be news, but boards of directors can offer bad advice. Having served on more than forty boards, I’ve seen such a variety of good and bad advice that my stories could fill a book. (oh, A typical board is composed of five persons in a company that has received outside funds from professional investors.

Resource 120
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Some Advice Before You Hit the Fund Raising Trail

Both Sides of the Table

The best entrepreneurs in our industry focus on it year-round as opposed to just once every 18 months. Let’s say you have built a SaaS company where a large part of the early revenue comes from a few big customers or a large part of the revenue is services based vs. software based. Let me give you an example.

Funding 236