Most Common Early Start-up Mistakes

Both Sides of the Table

This is part of my ongoing series “ Start-up Lessons. &# If you want to subscribe to my RSS feed please click here or to get my blog by email click here. In the Beginning … This is a very important post to me because I find myself giving this advice all the time and if you don’t follow the basic advice here you can cause yourself much heartache down the line – even if your company ultimately becomes über successful. Register a company.

Austin Start-up MailLift Joins 500 Startups

Tech Zulu Event

I met fellow hustler Brian Curliss about 2 years ago at a Startup Weekend event that I was covering. It came as no surprise whatsoever when I found out that his new company MailLift was called up to the big leagues to join the 500 Startups accelerator.

Trending Sources

Blockchain-Based Health Care Start-Up Curisium Raises $3.5 Million

L.A. Business Journal

Curisium, a Manhattan Beach–based start-up company that allows health care systems and biotech firms to contract through blockchain technology, has raised $3.5 million from investors, officials announced Thursday

Start-ups are all Naked in the Mirror

Both Sides of the Table

This is part of my ongoing series Startup Lessons Building companies is hard work. I started my first company in 1999 in London at the height of the dot com craze. We also had facilities in Dublin, Ireland where our company was initially founded. Tags: Start-up Advice We went through the euphoria of massive exposure at the time of our [.].

Most Startups Should be Deer Hunters

Both Sides of the Table

This post is part of my series “ Startup Lessons &#. Elephants, Deer and Rabbits – Some thoughts on start-up segmentation. Nearly all of the mistakes I made at my first company I fixed by the time of my second company.

REVIEW | Un-Realistic TV: “Start-ups: Silicon Valley”

Tech Zulu Event

The final episode of Bravo’s Start-ups: Silicon Valley aired recently, wrapping up an 8-episode run of what could be considered the most bizarre depiction of entrepreneurs and start-ups to date. They can’t believe people are not lining up to give it them.

Project cash flow – not just profit – during start-up.

Berkonomics

There is no longer a guarantee that VCs and later stage investors will be waiting at the run-out point of the angel money to pick up and grow the company. Cash is everything to a new business. How many times do we have to say this?

How to Work with Lawyers at a Startup

Both Sides of the Table

If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. Many people start companies arse backwards.

Startups: What are your odds for success?

Berkonomics

Starting a company is HARD – in so many ways. I read several years ago, that the average startup restaurant lasts only about a year. Restaurant startups would not top my list. And this includes all businesses, not just startups. Starting up a new company is risky.

The Fallacy of Channels: Startups Beware

Both Sides of the Table

This is part of my ongoing series on startup advice but also filed under my sales & marketing posts. No advice I give will ever apply to 100% of companies, 100% of startups or even 100% of tech startups. My starting point mentally is about 30% for the channel partner.

Want to Know the Difference Between a CTO and a VP Engineering?

Both Sides of the Table

I recently did a post for startups on understanding sales people. A few people have asked me to try and define the perfect startup organization chart. But I do have more insight into understanding your startup team. Let’s start with the basics.

Startup Development

SoCal CTO

I’ve come to realize that I have lots of posts around startup software development scattered around in different posts. How to Work With a Contract Web Developer How To Bootstrap Your StartupThought it would be good to capture them in one spot and also include links to related posts from other sources.

What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

There is much discussion online and also in small, private groups, about why the price of technology companies – public and private – are falling. The Motive for Speaking Up. ” “Mark has a vested interest in talking down valuations of startups.”

The best advice startups will never follow

Berkonomics

Email readers, continue here…] Don’t take money, especially start-up loans, from unsophisticated investors. I was a co-lender and assumed the chairmanship of a young startup where the entrepreneur’s cousin also loaned money under the same terms.

Why Most Online Video Companies Will Fail

Both Sides of the Table

I live in LA and fund startups. So you can imagine that I see a lot of video startups. “You can’t build a large online video company. You have to build a large online tech company that distributes video.” Online technology company that distributes video.

3 Sales Tips for Startups – Creating a Burning Platform

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many entrepreneurs who start technology companies are product people, technologists or savvy business people who worked previously for a larger company. Most start-up entrepreneurs have little or no sales experience.

Sales 78

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. But what IS the right amount of burn for a company? Let’s set up a framework. I often see companies burning $100,000 per month (net) looking to raise $6-8 million. Startup Lessons

Startup CTO

SoCal CTO

I've posted quite a few things on the topics associated with being a Startup CTO. I've tried to collect them together here as a starting point for this topic. Lessons Learned: What does a startup CTO actually do? And you may also want to review Startup Development.

CTO 83

Don’t be a Grin Fucker

Both Sides of the Table

Years ago I was working in England and I worked for a very big company – Accenture. I grew up in the US but lived in England for so long I can never remember from which country my slang comes. Anyway, I spent the first part of my career consulting for large companies.

Ten Of The Top Tech Companies For Employees In LA

socalTECH

Who are the top tech companies to work for in Los Angeles? Despite a huge number of companies, we found there are a number which. Although it's impossible to include all the companies suggested to us (there were dozens and dozens), here's some of the ones that stood out: 1.

Should Your Startup Have an Advisory Board?

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. prominent industry luminaries to be closely associated with the company. The CEO picks prominent people who are busy in their own right with their own companies.

Who Should you Hire at a Startup?

Both Sides of the Table

This is part of my ongoing posts on Startup Advice. There are people who tell startups that they should hire the most senior people that they can find. Bringing in a senior person who’s “done it all before&# is often a mistake in a startup.

How to Not Suck at a Group Presentation

Both Sides of the Table

This was evident at the Twiistup pre-event company pitch last week at UCLA. I’m not saying the companies were bad – many were not. I’ll put up the video when they post it on their website. Stories have starts, middles and ends. All numbers above made up.

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. With the LeWeb conference about to start in Paris I thought the timing of this post would be appropriate. But don’t assume that I have a Minority Report like machine that can invisibly and instantly gin up my memory.

Ex-Uber data chief Kevin Novak joins LA-based startup Tala in big win for LA ecosystem

TechCrunch LA

Kevin Novak, the architect of Uber’s dynamic pricing technology and the head of its data team, has joined the Los Angeles-based financial services startup Tala as its new head of data.

Never Hire Job Hoppers. Never. They Make Terrible Employees

Both Sides of the Table

This is part of my startup advice series. It’s still important advice for startup founders and something that I’m passionate about. 12 is getting long unless your company is totally rocking! You’re in it more for yourself than your company.

After 20 years: Updating the Berkus Method of valuation

Berkonomics

There is a universal truth: fewer than one in a thousand start-ups meet or exceed their projected revenues in the periods planned. I must believe that the candidate company, if successful, could achieve some level of gross revenue at the end of the fifth year in business.

People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

We all like to think of startups as “non hierarchic&# organizations and to some extent that should be true. But issues do arise as your company grows. I see two common mistakes in companies (not just in startups, in fact).

The Power of “In Person” – Why Distributed Teams are Less Effective

Both Sides of the Table

In the era of Skype, web conferencing tools and collaboration software conventional wisdom says that distributed startup teams can be just as effective as those that are in person. There reality is that a certain magic that happens when you’re in person is critical in a startup.

Los Angeles tech companies take a victory lap with planned tech job fair

TechCrunch LA

2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc., coming up, the future’s so bright entrepreneurs might want to wear… Spectacles.

The Danger of Crocodile Sales

Both Sides of the Table

This is part of my series on Startup Advice. I love working with Aussies because their outlook on life seems very similar to what I grew up with in California. Let’s assume you run a Customer Support software company. After that you need to begin discussing your company.

Startup CTO Resources

SoCal CTO

I've posted quite a few things on the topics associated with being a Startup CTO. I've tried to collect them together here as a starting point for this topic. Lessons Learned: What does a startup CTO actually do? And you may also want to review Startup Development.

Meet the 2017 Startups from the Disney Accelerator

Tech.Co

What you might not realize is that the adorable droid was the brain child of Sphero, a robotics and digital technology company and an alumni to the Disney Accelerator program. Meet the 11 startups for 2017: Ambidio. Read more about startups in the Los Angeles area at TechCo.