Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

Both Sides of the Table

He was a life-long entrepreneur and the first business he created out of college (actually, he founded it while he was at Caltech) was a company that manufactured high quality audio speakers. Too many entrepreneurs focus on dilution. Entrepreneur Advice This Week in Venture Capital

7 Business Mistakes Serial Entrepreneurs Never Make (Twice)

InfoChachkie

As an entrepreneur, I helped create companies which achieved two IPOs and two trade sales totaling $385 million. Fallacy: Startup ventures tend to evolve, especially after you begin speaking with pesky customers and demanding partners. “Learn from the mistakes of others.

Five Trick Questions Every Entrepreneur Should Answer Before Asking For Money

InfoChachkie

However, certain questions can be tricky for an entrepreneur to answer. Below are five common questions an entrepreneur will encounter when seeking venture funding. Intent : Investor / entrepreneur conflicts often arise when a company contemplates an exit opportunity.

Lessons Big Companies Should Learn from Entrepreneurs

Jason Nazar

Entrepreneurs often lament big companies, but most of us hope we’ll create just that. Add in public company demands, lawsuit targets, & millions of customers to continually satisfy, and you have to have great respect for those doing it well.

ConTraps Part III – Contract Traps Entrepreneurs Should Avoid At All Costs

InfoChachkie

This series describes how entrepreneurs can craft company-changing agreements with BDCs, while avoiding Kiss of Death contract provisions. In Part II of this series, I suggest that entrepreneurs seek agreements in which “what is good for the goose is good for the gander.”

Five Trick Questions Every Entrepreneur Should Answer Before Asking For Money

InfoChachkie

However, certain questions can be tricky for an entrepreneur to answer. Below are five common questions an entrepreneur will encounter when seeking venture funding. Intent : Investor / entrepreneur conflicts often arise when a company contemplates an exit opportunity.

Catch up to your market or be lost!

Berkonomics

Over the years, I have often heard the complaint from CEO friends that they have become so swamped by the demands of their growing businesses that they feel themselves further and further from the center of their industry, no longer at the forefront of information and competitive development.

Eight Startup Tips From Mark Zuckerberg

InfoChachkie

Ignorance is not bliss in business, but it does allow entrepreneurs to face the unknown with a measure of confidence. No 19-year old understands business at the level of a seasoned, serial entrepreneur. Entrepreneur Iconic Advice

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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. Even benevolent BDCs lose interest in your solution once this competitive risk is eliminated.

Opening The Cloud: Marten Mickos, CEO of Eucalyptus Systems

InfoChachkie

To the casual observer, it may appear that Eucalyptus and RightScale’s respective solutions are competitive. Although it can be challenging to meet the demands of an open source business model, the benefits are also tremendous, especially in the area of partnerships.

Can you overcome five risks and create wealth?

Berkonomics

Especially if you are in the early stage of growing a business, these five risks can and often do derail entrepreneurs before realizing the riches of a great exit. And fifth: Competitive risk. . Of course, we are speaking of increased valuation of your company when we speak of “wealth.”

WhiteFox Defense: Solving The Drone Incursion Problem, with Luke Fox

socalTECH

The last fundraising we did was use to prove out our technology, and weve now had head-to-head competition with our competitors and others in the space to prove out our technology, our unique capabilities, and our unique approach to solving this problem. Luke Fox: One of the things that I personally like to do, when we do head-to-head competitions, is roll in on the day of an event, and show how the system takes less than 15 minutes to get up and running, detecting and mitigating drones.

RingRevenue Creates A New Performance Marketing Revenue Channel

InfoChachkie

Do you have any words of caution or advice for entrepreneurs who attempt to “Get Their Band Back Together”? “In When assembling a team, I encourage entrepreneurs to seek out the MVPs, and look to build diversity into the teams they assemble.”. Entrepreneur Interview

UnVenture Capitalists: Seek Investors Aligned With Your Interests, Not Their Egos

InfoChachkie

When evaluating a potential Institutional Investor, entrepreneurs should consider what they are not , as much as what they are. Company Friendly – Seek investors who demonstrate with their actions, and not solely their words, an entrepreneur-centric approach.

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Accurate assumptions lead to defendable plans

Berkonomics

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. The biggest error in planning may not be spreadsheet calculation error. Or cost estimation.

UnVenture Capitalists: Seek Investors Aligned With Your Interests, Not Their Egos

InfoChachkie

When evaluating a potential Institutional Investor, entrepreneurs should consider what they are not , as much as what they are. Company Friendly – Seek investors who demonstrate with their actions, and not solely their words, an entrepreneur-centric approach.

Stay current or the market will drift away.

Berkonomics

Over the years, I have often heard the complaint from CEO friends that they have become so swamped by the demands of their growing businesses that they feel themselves further and further from the center of their industry, no longer at the forefront of information and competitive development. During the past several years, some very big bets have been made by large companies and well-healed entrepreneurs in old media, newspapers and TV stations.

Tilofy: Making Sense Of The World Around You Using Location Data

socalTECH

Ali Khoshgozaran: Before we started the company, me and my partner had participated in the USC Viterbi startup competition. About 100 teams participated in that competition, and 10 teams were selected to be part of USC''s Viterbi Startup Garage program.

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UCSB Tops Harvard & Wharton In Startup Wars

InfoChachkie

Want to be an entrepreneur? In addition, Entrepreneur Magazine recently included UCSB in its Top 50 Schools For VC Backed Entrepreneurs at number 37. Salty Girl Seafood - Another focus of the TMP is the recruitment and mentoring of women entrepreneurs.

Interview with Eugene Cho, Echo Laboratories

socalTECH

Eugene Cho: We had a seed round for less than $3M, and we did a note round with the Tech Coast Angels for $2M after we won their Quick Pitch competition, over about 150 other companies. We got first place in that competition, and they followed up with a $2M investment in the form of a convertible note. We got a very large international order, and we found the demand on this was exceptional, not only here in the U.S.,

Interview with Eugene Cho, Echo

socalTECH

Eugene Cho: We had a seed round for less than $3M, and we did a note round with the Tech Coast Angels for $2M after we won their Quick Pitch competition, over about 150 other companies. We got first place in that competition, and they followed up with a $2M investment in the form of a convertible note. We got a very large international order, and we found the demand on this was exceptional, not only here in the U.S.,

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

Both Sides of the Table

Valuing any company can be difficult because it requires a degree of forecasting future growth & competition and ultimately the profits of the organization. ” “This will be great for VCs and bad for entrepreneurs.” The Laws of Supply & Demand.

Don’t Let Faux Unicorns Screw Up Your Financing

InfoChachkie

The constant media coverage of the aberrant unicorn valuations has caused otherwise level-headed entrepreneurs to expect investors to participate at prices which are detached from their startups’ fundamentals. A version of this article previously appeared on Forbes.

Fuel50: Helping Employees Figure Out Their Career Path, With Anne Fulton

socalTECH

Anne Fulton: I've always been an organizational psychologist crossed with a serial entrepreneur. I can't help myself in being an entrepreneur. It's business as usual in such a competitive market here, and thankfully we have an amazing team managing our infrastructure and security, so we've been able to fly through the due diligence on the product in that area. Plus, we're really ramping up our client success team and sales team to meet the demand in the U.S.

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The Loneliness of Success that Nobody Talks About

Both Sides of the Table

They suffered in trying to live up to public perceptions and the demands to continue their successes. Entrepreneurs could learn about loneliness of success: nobody talks about. The Yo-Yo Life of a Tech Entrepreneur.

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The most important person on the startup team

Berkonomics

entrepreneur” and by Forbes as “New York’s Archangel”, David is a former Inc. 500 CEO, serial entrepreneur and the founder of New York Angels. collaborate with over 250,000 entrepreneurs in 95 countries. By David S. Described by BusinessWeek as a “world conquering.

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Interview with Lolita Carrico, Gloss Network

socalTECH

Lolita was founder of ModernMom.com, which she sold to Richard Rosenblatt's Demand Media last year, and we caught up with Lolita to learn more about her newest venture. Is this competitive with Modern Mom? Lolita Carrico: I don't think it's competitive.

Interview with Tim Cadogan, OpenX

socalTECH

We manage that competition through an aucton process. How is the competitive landscape is nowadays? If you look at the technology side, there are lots of different players on the supply side, even more on the data, and even more on the demand size.

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How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

People who believe the former believe that you should see the market demand before too many people know you’re “in market.” As a VC I of course want you to come see only me because that means I have no competition and have time to properly get to know you.

How to Talk About Valuation When a VC Asks

Both Sides of the Table

One of the hardest things about the fund-raising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.” every entrepreneur will go for the highest reasonable price with a VC they like so I at least need to put my best foot forward.

All The Questions You Wanted Answered about Bird Scooters and Their Recent $300 Million Funding

Both Sides of the Table

While this reaction to such a valuation is understandable, to anybody who has seen the meteoric rise in consumer demand and actual revenue the valuation is much less surprising and may turn out to be quite conservative.

Interview with Asher Hunt, Overnight

socalTECH

We're only competitive in that and the end of they day, you're figuring out where you will lay your head down at night. So do you this a lot of this is driven by a generation shifting to more of an on-demand, Uber-style lifestyle?

Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

In his premier film appearance in the blaxploitation send-up “I’m Gonna Git You Sucka,” Chris Rock inadvertently addresses a key pricing challenge faced by most entrepreneurs. Despite a tremendous price increase, overall demand jumped substantially while churn dropped dramatically.

If you Can’t Make Time, MakeSpace

Both Sides of the Table

A few months ago I wrote about an entrepreneur, Sam Rosen, whom we brought on as an EIR at Upfront Ventures. Now remember that Sam is an entrepreneur. Inventory your items with photos, store it in physical storage, demand back items when you wanted them and only what you wanted.

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Understanding the Underbelly of Online Marketing & Why You’ll Lose if You Don’t

Both Sides of the Table

The starting point of product IS marketing, which is what a lot of young entrepreneurs that never studied business don’t realize. So they’ll have to look for other competitive advantages for distribution.