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10 Reasons To Start A Company In An Economic Downturn

InfoChachkie

As Guy Kawasaki pointed out in our recent conversation , “…it is cheaper than ever to start a company. If there was ever a time to start a company, this is it.”. Determining the perfect moment to enter the startup market, whether by creating a company or joining an ongoing venture, is akin to timing the financial markets.

Company 257
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Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

As an entrepreneur and startup investor, I have helped create companies which achieved two IPOs which collectively raised over $100 million, as well as two acquisitions which totaled $385 million. “Learn from the mistakes of others. You can’t live long enough to make them all yourself.”. Entrepreneurship is best learned experientially.

Startup 242
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Choose Your VC Investor Carefully

Both Sides of the Table

Beware of VC Seagulls, who shit on you and then fly away (or worse yet leave you with Red Herrings). Keeping a blog has been great because so many entrepreneurs have written me with questions about their companies and I’ve gotten to know many of you personally through the process. There are many great VCs. Gus has been amazing.

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Making Revenue Sharing And Cost Savings Deals Work – Sharing Means Caring

InfoChachkie

During the height of the dotbomb bubble, numerous companies struck Barney deals. They were dubbed Barney deals because the structure of such relationships was so lightweight that the underlying agreements merely affirmed the companies’ mutual affection, as articulated in Barney’s theme song, “I love you, you love me.

Resource 154
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Why You Should Hire A Gaggle Of Interns At Your Startup - And It’s Not For An In-house Wait Staff Or Free Labor…

InfoChachkie

As described in Beware The Consultant , startups should strive to conserve their most precious assets, time and money, by avoiding paying fees to third-party service providers, such as recruiters. “If I had to, I could clean out my desk in five minutes… and nobody would ever know I’d ever been here. Rookie Draft.

Startup 244
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Know When To Declare Defeat And Toss Out A Bad Idea – Do Not Be Afraid To Say, “That Baby Be Ugly!”

InfoChachkie

Gordy created a unique culture which deemphasized cronyism and encouraged open and honest debate regarding the subjective quality of the company’s creative output. For instance, when a venture capital partner votes for a follow-on investment in exchange for the future support of one of her investments, idea cronyism is at work.

Ideas 187
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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

Unpaid Search – Never pay a consultant to help you achieve a higher search ranking. “I know half the money I spend on advertising is wasted, but I can never find out which half.” John Wanamaker. If Mr. Wanamaker had access to the Internet, his oft-repeated quote, would have never been uttered. Decreasing Your Customer Acquisition Costs.

Customer 164