Startup Professionals Musings

JANUARY 14, 2022

Most entrepreneurs who start a company alone soon come to the conclusion that two heads are better than one – someone to share the workload, the hard decisions, costs, and tasks you don’t like. This would be a mistake, and could easily cost you your startup. Most startups can’t afford that. All decisions will be made jointly.”

Startup 140

Startup Satisfaction Writing Entrepreneur 140

Startup Professionals Musings

SEPTEMBER 3, 2014

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. You have to be able to communicate effectively in all the common forms, including business writing, as well as talking, presenting, and producing videos.

Writing 109

Writing Entrepreneur Summary Email 109

Both Sides of the Table

FEBRUARY 20, 2019

Do you need a board when you first start you company? If you haven’t raised any money or if you raised a small round from angels or friends & family I would suggest you avoid setting up a formal board unless the people who would join your board are deeply experienced at sitting on startup boards.

Startup 236

Startup Venture Capital Tips Capital 236

Both Sides of the Table

NOVEMBER 2, 2014

“he quit his job and threw himself into a start-up company, which has him on the road in constantly changing environments. My whole life I have surrounded myself with what I call “completer-finishers” because I know my weakness for giving up when the task is at 80% and I know the importance of 100%.

Startup 416

Startup Entrepreneur Writing Help 416

Startup Professionals Musings

OCTOBER 1, 2023

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Two heads are always better than one in a startup. Your best friend, spouse or a family member is the least likely candidate, so don’t start there.

Startup 99

Startup High Tech Entrepreneur Writing 99

Startup Professionals Musings

JANUARY 24, 2016

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. You have to be able to communicate effectively in all the common forms, including business writing, as well as talking, presenting, and producing videos.

Writing 62

Writing Summary Email Ideas 62

Startup Professionals Musings

APRIL 29, 2023

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

Startup 111

Startup Training Services Writing 111

Startup Professionals Musings

SEPTEMBER 11, 2023

As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors. In reality, crowdfunding has become a major startup funding vehicle, expected to reach $3.62

Startup 100

Startup Equity Entrepreneur Demand 100

Startup Professionals Musings

JANUARY 29, 2012

No one is born with business writing skills, and everyone can learn them. Thus, I thought a quick refresher on business writing basics might help you more than any tip on the next big thing on the business horizon: Select clear purpose and focus. Tailor writing to your audience. Develop a friendly business writing voice.

Writing 89

Writing Email Tips Startup 89

Startup Professionals Musings

JULY 31, 2023

Once you learn how to make things happen in your own life, starting a business is easy. I was most impressed with the steps he outlined for turning ideas into goals into results, which I paraphrase here for aspiring entrepreneurs: Write down your goals or your dreams. Follow up and finish something every day. Why not start now?

Writing 92

Writing Ideas Startup Entrepreneur 92

Startup Professionals Musings

AUGUST 3, 2020

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

Startup 174

Startup Training Services Writing 174

Startup Professionals Musings

JANUARY 31, 2021

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. In fact, the process of organizing and documenting these elements is the best way to make sure you understand the answers yourself. I hope not.

Sample 137

Sample Writing Mentor Content 137

Both Sides of the Table

JANUARY 21, 2010

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. I write about some of the lessons in my post on Startup Mistakes.

Startup 318

Startup IP Southern California Entrepreneur 318

Both Sides of the Table

OCTOBER 15, 2009

This is part of my ongoing series Startup Advice. When you’re an early-stage startup that hasn’t raised any institutional money you end up doing almost every job function of the company yourself. When I founded my first company along with Brian Moran (whose idea it was) I had no real experience running startups.

Startup 299

Startup Venture Capital Technical Review Training 299

Both Sides of the Table

JUNE 23, 2010

Where to Start? It’s pretty tough to review somebody and judge the quality of their work if you haven’t given them any guidelines for what you expect up front. So start there. I find this to be too much overhead for most startups. I next write a paragraph to describe what I mean by each comment.

Startup 297

Startup Writing Examples News 297

Both Sides of the Table

SEPTEMBER 10, 2021

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. Today you have funders focused exclusively on “Day 0” startups or ones that aren’t even created yet. By definition?—?I’m HP Style) are dead.

Venture Capital 471

Venture Capital Writing Invest Pricing 471

InfoChachkie

JANUARY 3, 2012

His talk was especially intriguing, as he attended UCSB, but dropped out to start a clothing design company. As I note in Spilling The Beans , the basic ideas upon which startups are founded are worth nothing. It is the dogged pursuit of excellence that turns worthless ideas into worthwhile startups. Chaos By Design.

Ideas 266

Ideas Guide Startup Santa Barbara 266

Startup Professionals Musings

SEPTEMBER 22, 2010

No one is born with business writing skills, and everyone can learn them. Thus, I thought a quick refresher on business writing basics might help you more than any tip on the next big thing on the business horizon: Select clear purpose and focus. Tailor writing to your audience. Develop a friendly business writing voice.

Writing 90

Writing Content Email Tips 90

Startup Professionals Musings

DECEMBER 26, 2020

As an advisor to many entrepreneurs, I still hear frequently the irrational exuberance that crowdfunding is the quick alternative for startups that are passed over by overly demanding angels or venture capital investors. Startups need to build a large passionate group of fans before the campaign. Startup revenues come later.

Startup 151

Startup Equity Funding Demand 151

Startup Professionals Musings

JULY 9, 2021

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

Entrepreneur 156

Entrepreneur Tips Funding Startup 156

Startup Professionals Musings

MARCH 6, 2023

The challenge is to find the time and initiative to keep up with the information wave, and be able to curate the data into knowledge that must be learned, unlearned, or relearned. With this principle, real entrepreneurs start with a conviction that new learning will reveal flaws in existing models, leading to new opportunities.

Social Media 120

Social Media Startup Entrepreneur Education 120

Startup Professionals Musings

SEPTEMBER 12, 2021

As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business.

Technical Review 126

Technical Review Writing Entrepreneur Slides 126

Startup Professionals Musings

JANUARY 31, 2015

If you sold your last startup for $800 million, you probably already know how to build a business, and even conservative investors won’t worry about the quality of your next business plan. In fact, the process of organizing and documenting these elements is the best way to make sure you understand the answers yourself. I hope not.

Startup 109

Startup Writing Mentor Sample 109

Startup Professionals Musings

JUNE 26, 2020

Thus I offer the following outline for how to organize and present your business plan, with specific examples: Start with outlining the customer problem, and your solution. The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage.

Product 169

Product Summary Startup Examples 169

Startup Professionals Musings

JULY 15, 2015

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

Startup 104

Startup Writing Entrepreneur Slides 104

Startup Professionals Musings

NOVEMBER 13, 2020

Once you learn how to make things happen in your own life, starting a business is easy. I was most impressed with the steps he outlined for turning ideas into goals into results, which I paraphrase here for aspiring entrepreneurs: Write down your goals or your dreams. Follow up and finish something every day. Why not start now?

Ideas 121

Ideas Writing Startup Entrepreneur 121

Both Sides of the Table

FEBRUARY 24, 2019

When you set up a board it is often initially a combination of the founders and the early investors. It can start 2–1 founders to investors and then sometimes moves to 3–2 but sometime around the A, B or C round the idea of “independent” directors comes up. I will also outline how to select them and incentivize them.

Startup 187

Startup Writing Venture Capital Oracle 187

Both Sides of the Table

SEPTEMBER 5, 2012

If I could persuade you that they’re already in these documents would you consider abandoning this structure? Those terms you fought so hard to get out of “clean term sheets” by using TheFunded, VentureHacks and the like are in your current documents. I’m starting to hear it more often.

Startup 354

Startup Pricing Equity Venture Capital 354

Startup Professionals Musings

APRIL 6, 2015

A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Two heads are always better than one in a startup. Your best friend, spouse or a family member is the least likely candidate, so don’t start there.

Startup 105

Startup High Tech Entrepreneur Writing 105

Startup Professionals Musings

JULY 15, 2023

Business partnerships come in all shapes and sizes, from finding a single partner to help you run your startup, to signing a strategic agreement with another large company for development, marketing, distribution, or international sales. Both sides should write down the shared objectives and vision.

eHarmony 100

eHarmony Writing Sites Summary 100

Startup Professionals Musings

OCTOBER 19, 2013

“Scope creep” (or feature creep) is an insidious disease that kills more good startups than any other, especially high-tech ones, and yet most founders (who may be the cause) never even see it happening. Here are five basic rules to live by: Document the requirements. entrepreneur startup funding product features business'

Technical Review 110

Technical Review Startup Software Review High Tech 110

SoCal CTO

APRIL 2, 2013

I'm going to be looking at aspects like: Things to consider before building your MVP Features often overlooked when documenting an MVP for developers Understanding important metrics you want to measure Risks and challenges in developing an MVP. What's Going to Go Wrong A lot of founders don't really understand Lean Startup principles.

CTO Coach 219

CTO Coach Metrics Framework Software Development 219

InfoChachkie

APRIL 16, 2012

Article first published as Steve Blank Discusses Origin And Future Of Lean Startup Movement on Technorati. I recently spoke with Steve Blank, author of the new book The Startup Owner’s Manual. He is credited with pioneering the Lean Startup Movement in 2005 via the publication of his bestselling, Four Steps To The Epiphany.

Startup 229

Startup Class Press Custom Development 229

Startup Professionals Musings

MAY 2, 2016

Starting a new business is not an informal process, and should never be treated like a hobby between friends. Unfortunately, as a startup advisor and angel investor, I’ve seen too many ventures with great potential get destroyed or set back by legal and other shortcuts that should never have been allowed to happen.

Startup 62

Startup Patents Entrepreneur Writing 62

Tech Zulu Event

MARCH 10, 2012

For newly launched start up, Readitfor.me Cunningham walked into his office one day and thought, why wouldn’t I make content with the information from my favorite business books, but speed it up and make it visual? Cunnigham talks of the ups and downs, but more about the serendipity of the project becoming a business.

Startup 76

Startup Social Media Content Web 2.0 76

Both Sides of the Table

MAY 19, 2018

Let me start out with my premise: “Data rooms are where fund-raising processes go to die.” I have to back up and give you more context. These collective sets of documents form the basis of what somebody looking at investing would call “financial due diligence.” It doesn’t. The data room is where your process goes to die.

Funding 336

Funding Venture Capital Startup Email 336

Both Sides of the Table

OCTOBER 19, 2009

On December 2nd, 2006 I wrote the blog post published later in this post when I was CEO of startup Koral about my experiences in pitching VCs. I had seen many cycles and decided that since I was going to do it all over again I should write about it. I decided to write about my experience and to be blunt. And covered we did.

Venture Capital 274

Venture Capital Blogging Startup Slides 274