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” It’s the most common refrain I hear from investors and even entrepreneurs these days. The patents Overture held became known in small circles as Google’s ’361 problem as outlined here. “There’s something going on in LA.” ” Or if you ask the venerable Greg Bettinelli, he’s #LongLA.
Last week a company we enthusiastically backed, uBeam , led by a very special entrepreneur, 25-year-old Meredith Perry , announced a $10 million round of financing. Here I make the case that entrepreneurs must stay focused on the prize, not the doubters. Entrepreneurs. ” **. It can be one of the strongest motivators.
In fact, an entrepreneur friend of mine, who made millions on her marketing expertise, asserted recently that most inventors fail in business because they refuse to believe that any business expertise or experience is worth more than 5 percent in partner equity. Patents are not worth the effort, since big companies will win.
In my work with new startups, I often find people who believe that the terms “ entrepreneur ” and “ inventor ” are interchangeable. In my experience, most successful entrepreneurs have indeed created a new product, but most people who claim to be inventors have a hard time starting a business.
Whether you are a business professional in a big company, or an entrepreneur with a startup, innovation is a key strategy. Elon Musk with SpaceX is an example of a new business bringing in technologies from artificial intelligence and solar power to develop smart and reusable rockets to do satellite delivery and space travel.
In reality, that’s the definition of a successful startup these days, so every aspiring entrepreneur should take note, as well as every existing corporate executive. Elon Musk has done it with SpaceX and Tesla, and Steve Jobs did it on a regular basis at Apple. Entrepreneurs who prefer to work alone have a hard road ahead.
Ten Tech Entrepreneurs Who Are Putting LA on the Map. Tech startup accelerators dot the landscape, feeding investments into the waiting arms of the nation’s most intelligent and driven entrepreneurs. Miller was even honored as an Ernst & Young “Entrepreneur of the Year” for 2011. Follow PandoDaily: Search.
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