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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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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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8 Potential Entrepreneur Assists From Your Alma Mater

Startup Professionals Musings

Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. Get help with grant funding and incubator resources. Access to entrepreneurs-in-residence, business mentors.

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Entrepreneurs: Employment law is not on your side!

Berkonomics

Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for a perceived or actual but unintentional violation of a law or regulation. So, my advice is simple.

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Do you always follow the advice of your board?

Berkonomics

This may be news, but boards of directors can offer bad advice. A typical board is composed of five persons in a company that has received outside funds from professional investors. The financial investors typically have deep experience running companies, often in other industries. The board knows best” is not always true.

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The best advice startups will never follow

Berkonomics

Let me tell you a few short hair-raising stories of entrepreneurs who have raised money and regretted it later. Here are some rules that entrepreneurs almost always ignore to their future peril. There’s a common expectation among entrepreneurs that seed money from family is great – letting close relatives in at the ground floor.

Startup 120
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How to (re) Approach People (Advice on the Eve of LeWeb)

Both Sides of the Table

This is part of my ongoing series with Startup Advice. When I first read this post I immediately filed away in memory that there was important information to impart on entrepreneurs and led to this post. Apologies in advance if it sounds arrogant – just trying to impart some realistic advice. How to (re) intro yourself.

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