Berkonomics

MARCH 16, 2023

As an early-stage investor, the first test for me is whether “my” entrepreneur is flexible in both the plan and execution of their vision (since from experience almost everything about a business plan changes over time), and whether that person, no matter what age or experience, is coachable. Why should we ask this question?

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Coach Artificial Inteligence Entrepreneur Resource 156

Berkonomics

MARCH 15, 2012

In the creation of a new enterprise, there are five principal risks to be addressed by the entrepreneur. Professional investors will probe these five risk areas and make the decision to invest based upon comfort with each. Email readers, continue here.] Third: Management risk.

Outsource Development 200

Outsource Development Ideas Resource Patents 200

Startup Professionals Musings

FEBRUARY 5, 2020

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. Too many entrepreneurs think that expert external advisors are suspect, or will slow them down.

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Startup Entrepreneur Examples Customer 131

Berkonomics

FEBRUARY 21, 2019

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. The investors want a motivated entrepreneur, and it is certainly more difficult to motivate a twenty percent owner than a sixty percent owner. Four reasons you should reconsider.

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Startup Invest Summary Resource 120

InfoChachkie

OCTOBER 29, 2012

However, certain questions can be tricky for an entrepreneur to answer. Below are five common questions an entrepreneur will encounter when seeking venture funding. Handled appropriately, these questions provide investors a window into an entrepreneurs’ soul, which minimizes the chances of a future misalignment.

Entrepreneur 145

Entrepreneur Google Invest RSS 145

InfoChachkie

FEBRUARY 25, 2013

Someone on Quora recently asked me to answer the following question: Why Do Digital Entrepreneurs Hate MBAs? Tech entrepreneurs' consternation with MBAs does not rise to the level of loathing. Five reasons many MBAs struggle at startups are as follows: 1. As I stated in my Quora answer, "hate" is the wrong word.

Entrepreneur 279

Entrepreneur Technical Review Case Study Class 279

Berkonomics

JANUARY 9, 2014

Dave’s note: Our guest insight this week is by Richard Sudek, an associate professor of entrepreneurism at Chapman University Graduate School of Business. He is Director of the Leatherby Center for Entrepreneurism and Business Ethics, and Chairman Emeritus of the Tech Coast Angels, the largest angel group in the United States.

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Technical Review Tech Coast Angels Entrepreneur Coach 286

Berkonomics

MAY 25, 2023

First, if your vision is limited and you will be happy with a successful local dry-cleaning enterprise or small restaurant around the corner, you are not the target for this epic effort to help entrepreneurs build great businesses that do change the world. Please take what you can from these weekly posts. Many will apply directly to you.)

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Entrepreneur Course Resource Email 156

Berkonomics

JANUARY 20, 2022

Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later. The problem, of course, comes if the business fails.

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Startup Entrepreneur Invest Course 317

Berkonomics

AUGUST 3, 2023

Friends, family and fools: [Email readers, continue here…] This term, although pejorative, describes the typical mix of early investors in a small, young growing business. And even with the significant cost of credit card debt, many entrepreneurs aggressively use existing cards to finance a startup.

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Venture Capital Startup Class Invest 295

Startup Professionals Musings

JANUARY 2, 2015

If you define your self-worth as an entrepreneur by how busy you are, it’s time to find another lifestyle. For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. busy entrepreneur five choices KoryKogon productivity startup' That’s productivity.

Product 111

Product Entrepreneur Framework Social Media 111

Berkonomics

JUNE 22, 2017

And the prime motivators of this massive destruction are the same class of entrepreneurs and innovators that have done it before. In 1995, thirty-five million people used the Internet. an estimated five million jobs will be lost to tech innovations in the next five years, with two million new jobs created in these fields alone.

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Artificial Inteligence Class Coach Education 295

Berkonomics

JUNE 18, 2015

There are five basic kinds of internal risks than a business faces over time. Market risk is constant and should be of greatest concern to any executive or entrepreneur. Email readers, continue here…] Second is product risk. Making such predictions is a skill that can be developed, and here’s one method of doing so.

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Competition Marketing Class Product 120

Berkonomics

FEBRUARY 3, 2022

First, the implied promise: Taking money from professional investors such as angels or VCs usually requires that you agree to seek an exit for those investors in your plan, often targeting five to seven years as the ideal period for growth before a liquidity event. The advantage of creating an evergreen company.

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Equity Course Sales Invest 156

Berkonomics

MAY 13, 2021

important point of that book, which was written to prompt discussion between entrepreneurs, professional managers, and their boards of directors about issues that could unite them or strain the relationships between them. The five resources boards and investors can add to a company. Money is what entrepreneurs expect from us.

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Resource Coach Activity Invest 156

Berkonomics

JANUARY 7, 2021

Think of startups and early stage businesses whose entrepreneurs you know. One: The entrepreneur. First, there is the entrepreneur , the visionary, and force behind the venture from start to finish. It starts with sharing the opportunity and upside. Two: Co-management. Dividing equity among those that fill the management gap.

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Startup Equity Statistics Entrepreneur 240

TechCrunch LA

JANUARY 26, 2020

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., Bryant launched his venture career with partner and serial entrepreneur Jeff Stibel back in 2013, according to Crunchbase.

Venture Capital 359

Venture Capital Los Angeles Legalzoom Calabasas 359

Startup Professionals Musings

APRIL 28, 2011

Here are five key things you need to know to quickly find the right angel for your startup: Angels invest in people, more often than they invest in ideas. They also favor entrepreneurs who are experienced in starting a company, and experienced in the business domain of the startup. A complete business plan is always required.

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Angel Entrepreneur Startup Journal 97

Startup Professionals Musings

JULY 17, 2021

If you define your self-worth as an entrepreneur by how busy you are, it’s time to find another lifestyle. For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. We all know people who are extraordinarily busy, but never seem to accomplish anything.

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Framework Product Entrepreneur Social Media 153

Berkonomics

AUGUST 31, 2023

In 1994, (I know a long time ago), I invested over a million dollars (two million six hundred thousand in today’s dollars) into a company whose entrepreneurs had a vision that I bought into for many reasons, not the least of which was that I had industry experience and understood the need. Surprisingly, many entrepreneurs immediately respond.

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Competition Research Summary Pricing 156

Berkonomics

JUNE 29, 2017

Email readers, continue here…] My very first investment as a professional angel was in a small startup where the entrepreneur’s vision fueled my imagination in the audio market niche where I had run a business in an earlier life. The degree of care you take increases with the reduced distance between you and your investor.

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Invest Entrepreneur Sales Startup 243

InfoChachkie

JUNE 3, 2013

You can watch/listen to how John and Kyle turned their email newsletter into an international bestseller in the following 9-minute excerpt from John''s recent talk at UC Santa Barbara. an email) to about 35 people. If you want to be kept informed just send me an email and let me know that you''re in, and that was it.

Newsletter 233

Newsletter Startup Entrepreneur Writing 233

Berkonomics

APRIL 20, 2023

We have years of real data to call upon: data that impacts both investors and entrepreneurs. Even more credible statistics [Email readers, continue here…] John Chambers, former CEO of Cisco, stated that “More than one-third of businesses today will not survive the next ten years.” Restaurant startups would not top my list.

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Statistics Startup Study Invest 156

Startup Professionals Musings

OCTOBER 15, 2023

Most entrepreneurs I meet are reluctant to disclose anything about their idea to investors before getting a signed confidential disclosure agreement (CDA). Yet I can assure you that people who are paranoid, or want to avoid all risks, won’t be happy as entrepreneurs, so it’s all about balancing the risk-reward scale.

Technical Review 101

Technical Review Patents Ideas Sample 101

Startup Professionals Musings

APRIL 26, 2014

Many entrepreneurs fantasize about days longer than 24 hours, convinced that their new venture could change the world, if they just had more time. However, this topic is particularly critical to entrepreneurs, who struggle with challenges and crises every day that they didn’t anticipate. Marty Zwilling.

Entrepreneur 105

Entrepreneur Technical Review Email Social Media 105

InfoChachkie

MAY 5, 2016

Given TimeHop’s failed experiment, I was especially intrigued when I learned that a team of a dozen remote entrepreneurs hack the typical corporate structure and creates a company that generated nearly $100 million in revenue. I asked TaxJar’s Co-Founder and CEO, Mark Faggiano to list five reasons his decentralized venture has flourished.

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Entrepreneur Santa Barbara Email Outsource Development 100

Startup Professionals Musings

AUGUST 27, 2021

As an advisor to new entrepreneurs and new ventures, I’m seeing a refreshing new focus by Millennials on work and successful new companies with a purpose, and more productivity through happy employees. Take five minutes longer to enjoy coffee without diving into emails. Enduring – add permanent positive changes every day.

Startup 159

Startup Email Satisfaction Product 159

Berkonomics

APRIL 6, 2017

First, if your vision is limited and you will be happy with a successful local dry cleaning enterprise or small restaurant around the corner, you are not the target for this effort to help entrepreneurs build great businesses that change the world. Please take what you can from these weekly posts. Many will apply directly to you.).

Entrepreneur 256

Entrepreneur Course Resource Email 256

Berkonomics

MAY 27, 2021

The usual size of a board is five, but legally the number in most states is equal to the number of shareholders up to a maximum of three board members required by law. The average board for a company taking outside investment money is five. With three or more shareholders, you must have a three-person board of directors in most states.

Resource 156

Resource Acquisition Class Help 156

socalTECH

JANUARY 17, 2013

One of the oldest coworking spaces in Los Angeles, BLANKSPACES , appears to have faith (and apparently, some success) in the whole coworking model, and told its supporters today that it has just renewed its lease for another five years in its original location, which is in the Mid-Wilshire area.

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Culver City Santa Monica SoCal Southern California 256

Berkonomics

NOVEMBER 11, 2021

Incremental profits from companies that later sell for three to five times their original value at the time of their investment may be considered great successes for founders but relative failures for VCs, who must hit for the fences with every early-stage investment. Why it’s so personal to me….

Venture Capital 156

Venture Capital Social Media Invest Marketing 156

Berkonomics

JUNE 5, 2014

One entrepreneur has a company which appears to be scalable to a $30 million exit value in five to eight years, and a second entrepreneur’s venture seems to be scalable to $200 million in exit value in the same time frame. Email readers, continue here.] By Bill Payne. Scalability is a critical factor for angel investment.

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Startup Pricing Invest Email 232

Berkonomics

MARCH 17, 2018

I’ve been sued as a board member too many times over the past twenty-five years of board service. Five times. Entrepreneurs blaming their board for failures of a fragile, early stage company. Does that shock you? It does me. Shareholders unhappy over the same loss, reaching out to sue every name available.

Resource 243

Resource Email Services Entrepreneur 243

Startup Professionals Musings

JANUARY 3, 2016

If you define your self-worth as an entrepreneur by how busy you are, it’s time to find another lifestyle. For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. We all know people who are extraordinarily busy, but never seem to accomplish anything.

Product 60

Product Entrepreneur Framework Social Media 60

Berkonomics

MARCH 30, 2012

Email readers, continue here.] An entrepreneur utilizes online communities to solicit pledges of small amounts of money from individuals who are typically not professional financiers. When searching for funding, one of your primary tasks should be to start where it is easier, and proceed from there.

Funding 192

Funding Entrepreneur Startup Invest 192

Berkonomics

JANUARY 24, 2019

Entrepreneurs tend to remain in the business niche they know best. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined. You cannot complain that the document or information in question is more than five years or two employers old.

Company 120

Company Companies News Startup 120

Berkonomics

JANUARY 24, 2019

Entrepreneurs tend to remain in the business niche they know best. Some of these entrepreneurs starting a new company are alumni from companies that would be a competitor to the enterprise being created or joined. You cannot complain that the document or information in question is more than five years or two employers old.

Company 120

Company Companies News Startup 120