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6 Tips For When And How To Disclose Your Startup Idea

Startup Professionals Musings

Most entrepreneurs I meet are reluctant to disclose anything about their idea to investors before getting a signed confidential disclosure agreement (CDA). These professionals value their integrity, like your therapist or financial advisor, and will not share your business details nor steal your idea. Build trust first.

Ideas 159
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Praying to the God of Valuation

Both Sides of the Table

Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened? There was no money train.

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Accelerators Have Resources To KickStart Your Startup

Startup Professionals Musings

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Resource 159
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5 Steps To Get You From Your First Idea To A Business

Startup Professionals Musings

One thing I have learned the hard way in business is that implementing new ideas is usually much more difficult than conceiving the idea in the first place. That’s why I caution my aspiring entrepreneur clients against proclaiming to investors that they are a great “idea” person. For example, I have a friend with a Ph.D.

Ideas 126
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8 Advantages To Building Your Own Startup Prototypes

Startup Professionals Musings

I believe the Maker Movement and hardware startups with limited resources are made for each other. Here are some key positives from an entrepreneur perspective: Shorten the time and cost from idea to prototype. They come at the early stage while a startup has no revenue or valuation, so professional investors are hard to find.

Startup 159
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Why “The Culture of Failure” is Imperative to Startup Communities

Both Sides of the Table

I recently wrote about the 12 tips to building successful startup communities. I lived in London from 1997-2005 and for 6 of those years ran my startup based out of London. It was a strange contrast for me having grown up in Northern California where failure seemed to be a badge of honor. I remember this lesson well.

Startup 350
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The Scarcest Resource at Startups is Management Bandwidth

Both Sides of the Table

When you work inside a startup with lots of clever and motivated staff you’re never short of good ideas that you can implement. Each one incrementally sounds like a good idea, yet collectively they end up punishing undisciplined teams. It’s why I don’t invest in Conference Ho’s.

Resource 415