Berkonomics

MARCH 9, 2017

Well, the numbers don’t lie, even if there are several sources of these statistics. We have years of real data to call upon: data that impacts both investors and entrepreneurs. Bureau of Labor Statistics states that 50% of all businesses survive five years or more, and about one-third survive ten years or more. And risky too.

Startup 266

Startup Statistics Tech Coast Angels Study 266

Berkonomics

JANUARY 7, 2021

Think of startups and early stage businesses whose entrepreneurs you know. Nearly none, if statistics and experience are key to the answer. One: The entrepreneur. First, there is the entrepreneur , the visionary, and force behind the venture from start to finish. Two: Co-management. Reward for early risk.

Startup 240

Startup Equity Statistics Entrepreneur 240

Startup Professionals Musings

SEPTEMBER 25, 2023

Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment.

Startup 109

Startup Funding Equity Invest 109

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. Check competitor numbers and industry average statistics to get you in the right range. Calculate investment amounts and timing.

Startup 116

Startup Pricing Sales Statistics 116

Startup Professionals Musings

NOVEMBER 25, 2020

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. These groups are now largely run by volunteers at no cost to entrepreneurs. But don’t be misled – these are just the cream of the crop.

Equity 164

Equity Statistics Platform Entrepreneur 164

Startup Professionals Musings

JUNE 28, 2021

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). Rose, according to his classic book, “ Angel Investing.” All startups always need more money.

Funding 144

Funding Startup .Net Invest 144

Startup Professionals Musings

AUGUST 5, 2023

One of the biggest myths I have found in the entrepreneur community is that every startup needs one or more outside investors for credibility and success, and perhaps is even entitled to at least one. Searching LinkedIn, for example, is a must for contemporary entrepreneurs. Identify customer executives who need your solution.

Statistics 98

Statistics Entrepreneur Funding Social Media 98

Startup Professionals Musings

AUGUST 18, 2023

Billionaire entrepreneur and "Shark Tank" co-host Mark Cuban is an outspoken proponent of the all-in early approach in a video interview, and made it clear that he gives no credibility and low odds to founders seeking funding who have not fully committed their time and efforts to their cause. The early entrepreneur lifestyle is not much fun.

Startup 102

Startup Satisfaction Entrepreneur News 102

Berkonomics

MARCH 16, 2017

The quest for a great management team is not a fluke, but rather a result of backward looks at the failure rate from past investments by those same angel investors and venture capitalists. That reality is a tough one for the professional investor, almost as tough as for those entrepreneurs who lose their businesses.

Statistics 243

Statistics Ideas Entrepreneur Startup 243

Startup Professionals Musings

MAY 9, 2014

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). Thus investing in startups should always be approached as a low odds game.

Invest 111

Invest Angel Funding Startup 111

Startup Professionals Musings

NOVEMBER 22, 2020

One of the biggest myths I have found in the entrepreneur community is that every startup needs one or more outside investors for credibility and success, and perhaps is even entitled to at least one. Searching LinkedIn, for example, is a must for contemporary entrepreneurs. Identify customer executives who need your solution.

Funding 173

Funding Tips Startup Statistics 173

Startup Professionals Musings

JUNE 1, 2015

Image via Flickr by Jupiter Labs Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. The average amount per startup was $23,000, usually in the form of a convertible loan, rather than an equity investment.

Entrepreneur 106

Entrepreneur Startup Equity Invest 106

Startup Professionals Musings

FEBRUARY 25, 2023

The last thing a new entrepreneur wants to think about for a new startup is how it will end. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

Equity 105

Equity Technical Review Invest Startup 105

Startup Professionals Musings

JANUARY 11, 2021

Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. The average amount per startup has been $23,000, usually in the form of a convertible loan, rather than an equity investment.

Funding 138

Funding Startup Equity Invest 138

Startup Professionals Musings

AUGUST 6, 2023

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of angel investment groups and venture capital organizations. That’s not as high as the failure rate with professional investors, but it should convince entrepreneurs that crowdfunding is still no panacea for funding.

Equity 80

Equity Platform Statistics Entrepreneur 80

Startup Professionals Musings

JANUARY 4, 2015

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. Check competitor numbers and industry average statistics to get you in the right range. Calculate investment amounts and timing.

Entrepreneur 102

Entrepreneur Startup Pricing Sales 102

socalTECH

SEPTEMBER 16, 2019

San Diego-based Deckard Technologies , a new startup founded by serial entrepreneur Neil Senturia, said on Monday that it has raised $4M in funding and launched a new company focused on using artificial intelligence (AI) to identify property tax scofflaws. The company said its latest funding was worth $500,000.

Artificial Inteligence 153

Artificial Inteligence Software Technology Riverside 153

Startup Professionals Musings

SEPTEMBER 12, 2014

The last thing a new entrepreneur wants to think about for a new startup is how it will end. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

Entrepreneur 115

Entrepreneur Startup Equity Technical Review 115

Startup Professionals Musings

FEBRUARY 5, 2021

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. Check competitor numbers and industry average statistics to get you in the right range. Calculate investment amounts and timing.

Startup 147

Startup Pricing Sales Statistics 147

Startup Professionals Musings

SEPTEMBER 24, 2014

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors invest in the jockey, more than the horse. business business plan entrepreneur investor technology' Marty Zwilling.

Entrepreneur 119

Entrepreneur Technical Review Statistics Startup 119

Startup Professionals Musings

OCTOBER 21, 2022

One of the quickest ways to become an entrepreneur these days is to develop and publish a smartphone app. Yet according to other statistics, vanishing few of these ever generate a significant profit. The price of entry can be less than $10,000, so the competition is huge and growing rapidly.

Develop 138

Develop Development Platform Mobile 138

Berkonomics

APRIL 28, 2012

This important variation on “money talks” is an important consideration for entrepreneurs when seeking an investment from professionals such as VC’s. Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource.

Coach 174

Coach Venture Capital News Statistics 174

Startup Professionals Musings

AUGUST 19, 2022

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Bigger organizations should invest in the new “big data” tools. These should not be seen as two separate efforts.

Tool 121

Tool Statistics Entrepreneur Metrics 121

Startup Professionals Musings

MAY 25, 2020

The last thing a new entrepreneur wants to think about for a new startup is how it will end. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

Startup 150

Startup Technical Review Equity Statistics 150

Startup Professionals Musings

OCTOBER 7, 2011

Every entrepreneur needs to be honest about their strengths and weaknesses, and realistic about their reasons for choosing the startup route. For any entrepreneur, even the best business opportunities, if entered for the wrong reasons, will likely fail. I’ve inherited some money and starting a business should be a good investment.”

Entrepreneur 111

Entrepreneur Statistics Startup Resource 111

Startup Professionals Musings

JULY 14, 2013

Making the decision to become an entrepreneur is a major commitment, with huge implications for skills and lifestyle. Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required.

Entrepreneur 114

Entrepreneur Startup Statistics Guide 114

Startup Professionals Musings

SEPTEMBER 26, 2018

One of the big decisions every aspiring entrepreneur has to make is when to quit your current job to devote yourself fulltime to your new startup. Of course, you might be able to pay yourself a salary from the investment, but this will be minimal and critically watched. Be able to learn from failure without embarrassment.

Startup 153

Startup Entrepreneur Statistics Course 153

Startup Professionals Musings

DECEMBER 20, 2019

According to current Kauffman Indicators of Entrepreneurship , the share of new entrepreneurs who started businesses to pursue opportunity rather than from necessity now exceeds 86%, more than 12 percentage points higher than ten years ago at the height of the last recession. Social media is a boon for entrepreneurs and startups.

Startup 128

Startup Social Media Satisfaction Entrepreneur 128

Startup Professionals Musings

DECEMBER 18, 2022

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Investors invest in the jockey, more than the horse. Both of these approaches are a waste of your time and theirs.

Technical Review 109

Technical Review Startup Statistics Social Media 109

Startup Professionals Musings

AUGUST 25, 2023

In the aftermath of the recent pandemic, which caused many businesses to close, a new raft of business workers and entrepreneurs are deciding to pursue their own dreams of being a new business owner, and controlling your own destiny. Explore multiple sources based on your level of need and risk.

Social Media 98

Social Media Metrics Media Tool 98

Startup Professionals Musings

APRIL 15, 2016

Billionaire entrepreneur and "Shark Tank" co-host Mark Cuban is an outspoken proponent of the all-in early approach, and has made it clear that he gives no credibility and low odds to founders seeking funding who have not fully committed their time and efforts to their cause. The early entrepreneur lifestyle is not much fun.

Entrepreneur 63

Entrepreneur Startup Satisfaction News 63

InfoChachkie

JUNE 3, 2013

Consistent with the statistics cited in Why Entrepreneurs Hate (Most) MBAs , the large majority of John and Kyle''s classmates accepted positions at investment banks and consulting firms upon graduation. Wow, we''ve heard about your newsletter, and it seems to be motivating and inspiring entrepreneurs around the country.

Newsletter 233

Newsletter Startup Entrepreneur Writing 233

Startup Professionals Musings

OCTOBER 24, 2010

For example, my personal interest is entrepreneurs, and MySpace is for tweens. Here is my characterization of the social networking scene, as it relates to business networking for entrepreneurs and startups: Twitter. Believe it or not, this is my favorite for entrepreneurs. Entrepreneurs can find like-minded people here.

Social Network 102

Social Network Networking Entrepreneur Statistics 102

Startup Professionals Musings

JULY 20, 2020

Indeed, while the rules and technologies for lead generation have changed, Forrester and other experts still see it as the most effective way for businesses with limited budgets to maximize their return on marketing investment (ROMI). One of these experts, David T. Yet it is more alive than ever before. Cold calling.

Customer 146

Customer Custom Marketing Startup 146

Startup Professionals Musings

FEBRUARY 19, 2018

As an advisor to young entrepreneurs, I find that many are a bit naïve about how the investment process really works. In my first working session with this entrepreneur, I suggested ways to break this request into stages or tranches, based on showing traction, with the first amount in a more affordable range of $50 thousand or less.

Tips 86

Tips Funding Startup Entrepreneur 86

Startup Professionals Musings

MARCH 13, 2020

For example, every investor I know can tell you about meeting a passionate entrepreneur who is pitching a great technology innovation, but has not done the financial homework on making it a good business. Thus the investor can’t visualize any return on investment (ROI), so the entrepreneur gets no money, and a good opportunity is lost to all.

Ideas 123

Ideas Statistics Invest Marketing 123

Startup Professionals Musings

DECEMBER 16, 2017

Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). Rose, according to his latest book, “ Angel Investing.” All startups always need more money.

Startup 76

Startup Angel Funding .Net 76