Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). Bootstrapping: This term describes your ability to start a business with little investment and grow it using internally generated funds.

Venture Capital 295

Venture Capital Startup Class Invest 295

Both Sides of the Table

MAY 6, 2018

Fund raising. But it’s critical for your business, for you as a leader and people who excel at fund raising have an extreme advantage over those who do not. The best entrepreneurs in our industry focus on it year-round as opposed to just once every 18 months. It definitely has a “d” in it, as in it’s really not fun, raising.

Funding 236

Funding Venture Capital Startup Entrepreneur 236

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.

Startup 131

Startup Entrepreneur Examples Customer 131

Startup Professionals Musings

JUNE 7, 2020

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Both Sides of the Table

MAY 19, 2018

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. 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.

Funding 336

Funding Venture Capital Startup Email 336

Both Sides of the Table

MAY 20, 2018

Every entrepreneur wants to hear “yes” during the fund-raising process but I would argue that being too risk averse and not pushing hard enough and be willing to hear a “no” is what holds back many people from “yes.” Possibly offend and entrepreneur leading to reputation risk amongst other entrepreneurs.

Funding 189

Funding Software Review Entrepreneur Venture Capital 189

Startup Professionals Musings

JULY 14, 2014

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. Self-funding or bootstrapping is still the most common and safest approach for startups Keep your day job until revenue starts to flow. Solicit funds from friends and family.

Entrepreneur 113

Entrepreneur Funding Startup Technical Review 113

Startup Professionals Musings

AUGUST 5, 2020

As an advisor to entrepreneurs, one of the most common requests I get is for an evaluation of a next startup idea. The most successful entrepreneurs focus on solving a problem that they personally have experienced, and are convinced they fully understand. If you are not motivated, you won’t succeed. He succeeded well in both.

Ideas 151

Ideas Entrepreneur Resource Knowledge Base 151

Startup Professionals Musings

MAY 31, 2020

Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Is it any wonder why so few entrepreneurs ever find the professional investors they seek? Executives, marketing & sales, financial projections, and funding.

Entrepreneur 124

Entrepreneur Startup Summary Product 124

Startup Professionals Musings

OCTOBER 20, 2014

But I continue to learn that there are a host of other factors, maybe not even related to you or your business, that could keep you from getting the funding that you need. Almost 80% of the funding handed out in the US consistently comes from these three locations. entrepreneur funding venture capital' No surprises here.

Funding 108

Funding Entrepreneur Venture Capital Startup 108

Both Sides of the Table

OCTOBER 12, 2010

A while back I wrote a bunch of posts on Sales & Marketing and have been meaning to get back to that theme for a while. Even if you don’t have “direct&# sales I would tell you that “everything is a sale&# including fund raising, hiring, getting press and doing business development.

Sales 346

Sales Startup Technical Review Customer 346

Both Sides of the Table

NOVEMBER 19, 2009

(In case it’s not obvious it’s a play on the Nike slogan, “Just Do It.&# ) I believe that being successful as an entrepreneur requires you to get lots of things done. Entrepreneurs make fast decisions and move forward knowing that at best 70% of their decisions are going to be right. This paralyzes most people.

Entrepreneur 414

Entrepreneur Technical Review Slides CTO Coach 414

Startup Professionals Musings

MAY 29, 2023

In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors. His focus is on sales, but I see the same skills needed for entrepreneurs.

Startup 154

Startup Sales Entrepreneur Customer 154

Startup Professionals Musings

JUNE 25, 2021

It seems like everyone wants to be an entrepreneur and get rich these days. Pitching” is the insider term for presenting your product idea to people who could conceivably buy it or fund your efforts. Relevant questions include the type of business entity (LLC or C-Corp), licensing or manufacturing, sales and marketing, and staffing.

Ideas 136

Ideas Entrepreneur Mentor Resource 136

socalTECH

JULY 23, 2012

Los Angeles-based LuxeYard , which operates a flash sales site focused on home furnishing and decor, said today that it has scored what it says is its first round of funding, to help expand in India.

Funding 124

Funding Incubator Commerce Los Angeles 124

TechCrunch LA

FEBRUARY 13, 2020

Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch. Marcus has a long background in angel investing and company creation.

Los Angeles 126

Los Angeles Artificial Inteligence Invest Angel 126

Startup Professionals Musings

OCTOBER 5, 2016

In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors. His focus is on sales, but I see the same skills needed for entrepreneurs.

Entrepreneur 106

Entrepreneur Sales Startup Customer 106

InfoChachkie

FEBRUARY 1, 2019

The outcome was especially impressive, as the company was entirely self-funded for its first 17-years. For those who don’t have the time to listen to our entire talk, I’ve highlighted several key takeaways below, along with the corresponding video timestamp, to facilitate quick access to issues of interest to entrepreneurs.

Sales 113

Sales Education Startup Class 113

socalTECH

SEPTEMBER 26, 2012

Hodes talks about how you might position your company for a sale, and some of the things you need to do as part of that process. In times of recession there is pent-up demand by entrepreneurs to sell their companies. Even in good times investment bankers will tell a seller that the company must be positioned for sale to be successful.

Sales 124

Sales Company Companies Demand 124

socalTECH

MARCH 28, 2019

Earlier this month, the annual Montgomery Summit conference was held in Santa Monica, including a special portion of the conference dedicated to the Rise of the Female Entrepreneur. I see you were involved in the Rise of the Female Entrepreneur effort at the Montgomery Summit this year, tell me a little about what that is all about?

Capital 162

Capital Entrepreneur Invest Artificial Inteligence 162

Tech.Co

AUGUST 6, 2024

We’ve rounded up six exciting opportunities that close this month – alongside their funding amounts and eligibility criteria – to help you shoot your shot while you still have the chance. Xero Beautiful Business Fund For: Small businesses Grantor: Xero Amount: Up to $42.5k in funding up for grabs in total.

Startup 166

Startup News Design Funding 166

Startup Professionals Musings

DECEMBER 25, 2021

You may think this is only important to your marketing and sales people, but in reality it doesn’t matter how great your product or technology might be, you won’t succeed if you don’t understand your target customer decision process. Every aspect of your business must be about sales. This is the growth equation for a startup.

Customer 136

Customer Custom Sales Social Media 136

Both Sides of the Table

JANUARY 26, 2010

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. The best entrepreneurs focus on details.

Entrepreneur 286

Entrepreneur Startup CTO Hire Sales 286

Startup Professionals Musings

MARCH 10, 2023

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I still see entrepreneurs who spend money and time for months on a new business idea without any separation of personal and business funds, and any formal accounting system for their new business.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Both Sides of the Table

DECEMBER 19, 2009

This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Many entrepreneurs struggle with their setbacks.

Entrepreneur 288

Entrepreneur Startup Slides Seed Funding 288

TechCrunch LA

MAY 14, 2020

Co-founded by the Melbourne, Australia native Phoebe Yu and serial entrepreneur Kat Dey, ettitude sells high-end bamboo bedding made using a process she first heard about in her old job working as an exporter helping chain stores source textiles in China. ”

Sample 184

Sample Startup Los Angeles Sales 184

Both Sides of the Table

JANUARY 5, 2010

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs are inherently risk takers.

Entrepreneur 293

Entrepreneur Startup Venture Capital CTO Hire 293

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. That risk deserves reward if there is a profitable sale or even an initial public offering, rare as that event is.

Startup 240

Startup Equity Statistics Entrepreneur 240

socalTECH

FEBRUARY 17, 2017

Ryan Blair: The theme around the fund is pretty simple. I want to invest in entrepreneurs that have the capacity to be number one at whatever they are doing, and do it within our skill base, which is direct-to-consumer. So, now, as a VC, I swore I'd never treat entrepreneurs like those VCs treated me. I love entrepreneurs.

Venture Capital 100

Venture Capital Entrepreneur Technical Review Software Review 100

Tech.Co

SEPTEMBER 6, 2024

What’s more, in 2024 lots of grant programs are focused on improving equity throughout the business landscape, resulting in even more opportunities being open to minitory owned enterprises that have been faced with disproportionate barriers to funding. Deadline: September 13, 2024 Learn more and apply here 2.

Design 148

Design Startup News Competition 148

Both Sides of the Table

JANUARY 31, 2011

One of the most common questions that entrepreneurs who meet me for the first time like to ask is, “Do you miss being an entrepreneur? I thought I’d talk a bit about the differences I’ve experienced between being an entrepreneur & a VC – you know, from “both sides of the table.&#. On Being an Entrepreneur.

Entrepreneur 384

Entrepreneur Startup Venture Capital Ideas 384

InfoChachkie

SEPTEMBER 17, 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 253

Entrepreneur Google Invest RSS 253

Startup Professionals Musings

SEPTEMBER 13, 2022

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. Self-funding or bootstrapping is still the most common and safest approach for startups Keep your day job until real revenue flows. Solicit funds from friends and family.

Startup 136

Startup Technical Review Equity Incubator 136

Berkonomics

FEBRUARY 3, 2022

Assume that your sources of funding will be greatly limited to loans, sometimes at high interest rates and requiring personal guarantees and even security in assets. Although rarely used, these clauses do give the investors power over your decision to turn your business into a lifestyle project. A personal experience that relates.

Equity 156

Equity Course Sales Invest 156

Both Sides of the Table

SEPTEMBER 10, 2021

And there is so much money around being thrown at so many entrepreneurs that many firms don’t even care about board seats, governance rights or heaven forbid doing work with the company because that would eat into the VCs time needed to chase 5 more deals. And the truth is that several entrepreneurs prefer it this way. of the fund.

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Startup Professionals Musings

OCTOBER 16, 2023

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Forecast sales-volume expectations. This should always be a “bottoms-up” commitment from your sales team, not your own optimistic guess.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

DECEMBER 7, 2022

Too many entrepreneurs don’t know what to do at this point, largely accounting for a disappointing 50 percent of startups that fail in the first five years, according to InvoiceTracker. Others do far too little, assuming the viral effect and word-of-mouth will soon kick in, and sales will suddenly grow exponentially.

Startup 134

Startup Search Engine Optimization Social Media Metrics 134