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(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.
In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The sales professional.
But as I rose in my career (and post MBA) I moved into a role in which I was to advise board-level executives on topics where I was expected to rapidly become an expert. Some areas were easy because they were technical and the answer was knowable or estimate-able. And I encourage entrepreneurs to triangulate as well.
In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The sales professional.
One of the biggest complaints you hear from both entrepreneurs and investors in Los Angeles, is the lack of a credible, visible startup accelerator in the Los Angeles area. How much are you investing in the companies who are part of the program? Everything they need to launch and grow their business.
In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The sales professional.
Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. Invest your time in networking online, as well as offline. Every future entrepreneur should start by networking.
In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The sales professional.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. The first thing to remember is that banks only do loans – they don’t do equity investments like angels and venture capitalists (and vice versa).
Despite this technical glitch, I opted to publish our discussion, given the high-quality content of his comments. Len remains an active advisor to several startups. In this regard, I asked him to share the lessons from his early days of online marketing that remain relevant to the startups he currently advises.
If you are one of the thousands of entrepreneurs who need equity funding to get your startup going (no loans to repay), you are probably overwhelmed at the prospect of finding, contacting and pitching to the huge number of qualified angels and investment groups around the country. Register Internet and social media startup names.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors. A winning product or service.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. The first thing to remember is that banks only do loans – they don’t do equity investments like angels and venture capitalists (and vice versa).
Galaxy Grant Giveaway For: Minority and women entrepreneurs Grantor: Galaxy of Stars and Hidden Star Amount: $2,250 501(c)(3) nonprofit Hidden Star and its community for entrepreneurs Hidden Star have teamed up for the eight-year for their 2024 Galaxy Grant Giveaway. Deadline: October 31 Learn more and apply here 2.
In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. The sales professional.
He and I connected, and walked through PartySlate and what we were doing, and he immediately said he wanted to invest and become an advisor to the company. He introduced me to Wavemaker, also in LA, and also Halogen Ventures, which is led by Jessie Draper, which invests in women-run technology companies.
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. The first thing to remember is that banks only do loans – they don’t do equity investments like angels and venture capitalists (and vice versa).
The aim, according to the private college’s press release, is to provide “mentoring, advising and access to resources for up to 15 student- and community-run companies with a philanthropic twist.” Salt Lake City, Utah’s Westminster College debuted it’s Social Impact Incubator on August 30 of this year.
For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” ” My friend Ian Sigelow wrote about this last week and advised people not to take on this kind of job. ” (Warren Buffett).
Here are just a few: Nolan Bushnell , a seasoned entrepreneur who founded both Atari, Inc. Effects Artist and Technical Director, Dreamworks AnimationJason hails from Kentucky, where his parents met at a Renaissance Faire, hooked up at the Wicca Coven, and raised him at sci-fi conventions. for ourselves, our culture, and our planet.
► August (1) Invest in Transparency & Active Communication ► July (1) The Fear of Success ► May (2) Optimized for Speed = 30% Waste Happy 1st Birthday Rubicon Project! I decided that I was going to consult/advise a few companies and relax for a bit. We invested the first $1 million to develop version 1.0
otherwise I prefer to invest less and risk less). In a world where the economy only heads in one direction (read: 2009-2014) most investors & entrepreneurs forget to pay attention to gross burn. In these kinds of businesses I’m on the record as advising “ Ring the Freakin Cash Register.” Valuation.
A reminder that it is important for all entrepreneurs is to remember to be careful about “deal drift.” Conversely I offered the same deal to another entrepreneur who decided to shop around longer. If it’s a biz deal you might care about IP protection, revenue share, investment commitments to joint marketing – whatever.
I would argue that this mostly consists of consumer Internet companies (although not exclusively) and it is predominantly early-stage people who are product gurus and have a mildly technical bend to them. The quote from Bryce is: “When an entrepreneur steps to the whiteboard the energy in the room totally changes.
If you are charged for every nanosecond you spend with your lawyer, consider finding one who is willing to “invest” more aggressively in your success. It is surprising how often entrepreneurs forget this simple fact. Your lawyer is a trusted advisor, but in the end, you run your business, your lawyer does not. Do not do it.
On average they have taken 9-11 years to reach this status and most of our investments have never gotten there. But the status symbol of this milestone is driving investors, entrepreneurs, the press and everybody into thinking you magically can achieve this status in a matter of a few years with a great team and an astounding idea.
Steve Jobs started his technical career creating circuit boards at Atari, before joining Steve Wozniak to build personal computers in his garage. Be willing to invest in effort, before expecting results. Every business owner understands the need for making an investment first, before realizing any return or instant gratification.
More importantly, as a parent or mentor, what should you advise young potential entrepreneurs about getting an MBA? In some recent surveys, as many as two-thirds of entrepreneurs felt that their entrepreneurial spirit was more ingrained than learned, so maybe the education level is irrelevant. Consider it a waste of time.
► August (1) Invest in Transparency & Active Communication ► July (1) The Fear of Success ► May (2) Optimized for Speed = 30% Waste Happy 1st Birthday Rubicon Project! We didn’t hire resumes and experience, we hired smart, good people who wanted to be entrepreneurs. ► October (1) New Video!
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