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Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

I’m definitely a proponent of the multitasked approach, since every new venture is inherently risky, and startups usually take longer to ramp up than you imagine. Some of you are so committed to the new passion that you quit your day job early, and dedicate all your time and resources to the new venture. Which is right?

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Are YOU the bottleneck in your business?

Berkonomics

Think of the literal definition of a bottleneck in the business environment. Every resource behind the bottleneck is slowed from its most efficient pace until the resource ahead of it works its way through the constraint.

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7 Steps To Finding Investors Aligned With Your Values

Startup Professionals Musings

In my experience, smart and determined entrepreneurs are usually able to avoid the whole capital raising nightmare, and associated cash-flow and control risks, by simply broadening their definition of investors to include regular people who are willing to share the risk to accomplish common objectives and impacts.

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What is the Definition of a Seed Round or an A Round?

Both Sides of the Table

Marc Andreessen kicked off another great debate on Twitter last night , one that I’ve been talking about incessantly in private circles for the past 2-3 years – what actually IS the definition of a seed vs. A-round. My personal definition? Nobody cares. Whom you take advice from really matters. So back to reality.

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7 Keys To Success With An Employee Ownership Culture

Startup Professionals Musings

By definition, the freedom box is different for every owner. Employees can’t be owners if they don’t understand the business targets and realities. They will revert to renters, at best. Give every employee the necessary degrees of freedom. Remember, one of the key drivers of ownership is a sense of autonomy.

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Invest in Lines, not Dots

Both Sides of the Table

Note that “performance&# on my chart is a loose term for my definition of perceived progress that can take the form of product, customer adoption, employees, investors, press or whatever. By definition if somebody is investing in you as a dot (limited thought, limited due diligence, maximum price) they are a dot to you, too.

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Equity for Early Employees in Early Stage Startups

SoCal CTO

Early Employees To help with this discussion, let me start with a definition of "early employee." " Steve Blank divides the individuals associated with startups as: Founders Early Employees (Employees # 1-25) Later Employees (Employees # 26-125) The reality is that the definition of founder and employee is not clear.