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5 Startup Challenges That Derail Many Entrepreneurs

Startup Professionals Musings

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.

Startup 131
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Why You Don’t Want to Give Financial Information to All of Your Investors

Both Sides of the Table

In a funding round with 1 or 2 VCs and 15-20 angels or 4-6 seed funds if you gave every investor you financial information and performance metrics your proprietary information would increase in its probability of leaking out. We are doing what we do – writing larger checks and playing an active role at the company. You betcha.

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Why you should never have a data room — the most counter-intuitive fund-raising advice you’ll ever…

Both Sides of the Table

If you’ve got the skills to be a strong entrepreneur then it shouldn’t be too difficult to find people who know a partner at a VC firm and if you can build relationship with them you can get introduced. Most entrepreneurs (and VCs raising from LPs) think this means progress. Entrepreneur : “Sure. Some people find this elitist?—?I

Funding 336
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Joey Flores On Earbits' Life, Death, and Resurrection

socalTECH

The day after we shut down the site, we got an email from this company, saying they had a big opportunity they'd like to talk to us about. Joey Flores: For starters, we're smart enough not to believe anything until it is in writing. How did you know they were serious? We had a lot of reasons we had to do a lot of things.

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Pull Investors to Your Business Plan With a Summary

Startup Professionals Musings

You may have already found several articles, web pages, or books about writing the perfect executive summary. They all offer a list of requirements that might take 50 pages to address, but of course they ask you to write concisely. That’s your metric to see if you have their attention. Marty Zwilling.

Summary 97
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Give Investors an Executive Summary That Rocks

Startup Professionals Musings

You may have already found several articles, web pages, or books about writing the perfect executive summary. They all offer a list of requirements that might take 50 pages to address, but of course they ask you to write concisely. That’s your metric to see if you have their attention. Marty Zwilling.

Summary 90
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Counting Angels

Steve Reich

” Everyone has a vision that one or two “Super Angels” will write million dollar checks and all will be well. Take the time to shoot them a “what’s up” email monthly, and serious financial reports quarterly. Send that email. . ” Well said, Mark. It’s good work if you can get it!

Angel 40