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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.
Back in November I agreed with Nivi over at VentureHacks to do a series on the ten most important attributes of a successful entrepreneur. Unfortunately, I don’t believe it is perfectly correlated with what it takes to be a successful entrepreneur. If we’ve seen a company present where we feel that the CEO is shady.
Some aspiring entrepreneurs are so desperate for funding, or naïve, that they ignore the obvious signs of scams and rip-offs on the Internet, praying for a windfall. But people are still begging for more technology or laws, often to protect them from themselves. Use the common sense suggestions to avoid the pain: Decoy investor scam.
Information Asymmetry - The biggest problem that presenters face in large (5+ people) is information asymmetry. You come into a meeting where your sponsor (the person who invited you to present to the partners) knows a lot about you and the rest of the room may have varying degrees of knowledge. Does that sound ok?&#.
The Tech Coast Angels , the largest angel investment group in Southern California, as well as the United States, said today that it has launched a new network which will syndicate deals between the firm and other angels. The groups said the network will reduce the need for duediligence when presenting startups to the respective groups.
If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded duediligence process. Some startups do nothing to prepare for the duediligence process, assuming the people and business plan documents will speak for themselves.
Part I of this series describes the 360-review that I conducted at a growing, dynamic SaaS business which has recently graduated from the startup stage and entered the early-growth phase. One of the most compelling conclusions I drew from the reviews is that both Founders need delegate more of their day-to-day tasks.
If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded duediligence process. Some startups do nothing to prepare for the duediligence process, assuming the people and business plan documents will speak for themselves.
If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded duediligence process. Some startups do nothing to prepare for the duediligence process, assuming the people and business plan documents will speak for themselves.
Some pundits argue that the E-Myth principle is now outdated, due to the instant access to information via the Internet, pervasive networking via social media, and courses on entrepreneurship at all levels of education. The Technician’s Perspective envisions the business in parts, constructed from the bottom up, based on technical tasks.
We thought today for our interview, that we'd get an update on the angel investment environment here in Southern California from Scott Sangster , the incoming President of the Los Angeles Chapter of the Tech Coast Angels , the biggest angel investment group in Southern California. It was actually a really good year last year.
If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded duediligence process. Some startups do nothing to prepare for the duediligence process, assuming the people and business plan documents will speak for themselves.
I get paid (well) for interesting people to come in and tell me how they want to change the world – Being an entrepreneur is like having blinders on. At least for the best entrepreneurs. Some people do the conference circuit too much, get involved in lots of side projects and attend every entrepreneur dinner. I love it.
Entrepreneurs always walk away with new relationships, knowledge, deal discussions and enthusiasm. And it’s his mantra for successful entrepreneurs, “you need to be extremely focused on the details.” The Greycroft event was a 10 out of 10 so I’ve diligently taken notes. I felt the same way.
Although many are entertaining, most fail to provide entrepreneurs with a sufficient return on their time investment. Unfortunately, most business books do not offer entrepreneurs an adequate payoff. The short version of my review is: “Enchanting? Pithy – Guy is the Steven King of business books. Things I Liked.
My initial desire to blog came from something that’s always been my approach to investing – I’m a nerd and I love to play with the technology and part of my approach has really been to understand things both at a user level and at a reasonably deep tentacle level. Very few people can do a good job with a presentation that is emailable.”.
Most entrepreneurs work long and hard to get a handshake agreement from an investor, and then tend to relax and wait for the check to clear. What they don’t realize is that about half the investment deals fail to close at this stage, including mergers and acquisitions , during the due-diligence process. Skeletons in the closet.
You’ll get sales information from your VP of Sales, marketing information from your VP Marketing, tech information from your CTO and so on. Similarly I liked to keep myself apprised of the technical decisions we were making. Dipping: As a decision maker you rely on information being passed to you by the people who report to you.
It also applies to other parts of my life such as presentations. I’m a pretty natural public speaker so I can write my presentation the day before and do just fine. So things that have to be done early get done early, but only at the last possible moment that the early task is due. Internally I was a wreck.
For those who still might be wondering what Spotlight: LA Tech is all about, It’s a screening room for new technology homegrown in our region. It’s a gathering of friends and tech enthusiasts of all stripes. This Spotlight takes place Thursday, July 14, at The California Institute of Technology (CalTech). RSVP: AGENDA.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is an extended pitch on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. On the top line, angel investors look to invest in entrepreneurs that have an almost unwavering passion and sense of urgency. The technology or product may be at an embryonic stage.
I thought about things I never had to as an entrepreneur: check size, ownership percentage, deal stage, portfolio construction and risk. Let’s review all of our existing investments. So I encouraged entrepreneurs to think about raising their funds as quickly as they could because. On Mar-6 it hit 6,626 or 53% off its peak.
” I wrote about this movement in the link to the left and also published this widely read presentation on the topic. They can read reviews, see pictures and even talk to the family before confirming. I then clicked on reviews, looked at pictures and read the owners descriptions of what they were looking for. I registered.
TechZulu & Gadget Reviewpresent REACH. A quarterly event series seeking to dive deep into what comes next in technology, and giving you the opportunity to experience it first hand with the gadgets on site. Scot has been an entrepreneur and executive responsible for the launch of several interactive entertainment ventures.
IEEE San Fernando Valley Section and Entrepreneurs Consortium of Southern California. Tom O'Toole and Brandon Villery will cover issues on licensing, duediligence, NDA, different types of IP (trade secret, patent, trademark, copyright), etc. See https://www.123signup.com/event?id=jmphg. 123signup.com/event?id=jmphg.
I decided to tweak this exercise for the Techstars entrepreneurs, using the format described below. There were twenty four Founders present, representing nine startups. However, Techstars requires its entrepreneurs to narrow down their pitch to twenty seconds. 90-Second Is Long Enough. Image credit: Anna Barber.
I like to say to first-time entrepreneurs, picking a VC is more permanent than marriage. Keeping a blog has been great because so many entrepreneurs have written me with questions about their companies and I’ve gotten to know many of you personally through the process. There are many great VCs. Let me explain.
Skilled entrepreneurs bring ideas and money together by building a bridge of trust. If you are fortunate to pitch a sophisticated investor in person, assume they already believe in the veracity of your idea, the market and the underlying technological trends. A miserly approach to spending was a prized Grubstakee trait.
I’ve noticed that some entrepreneurs seem to have no trouble attracting investors, while others with a great business plan struggle with it. On the top line, angel investors look to invest in entrepreneurs that have an almost unwavering passion and sense of urgency. The technology or product may be at an embryonic stage.
Some pundits argue that the E-Myth principle is now outdated, due to the instant access to information via the Internet, pervasive networking via social media, and courses on entrepreneurship at all levels of education. The Technician’s Perspective envisions the business in parts, constructed from the bottom up, based on technical tasks.
During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions for 2019 from Southern California's technology industry. And, many of the presenting companies received sizable funding commitments and offers of ongoing help.
until the technology matures?&#. I saw it as my job to probe, challenge, question, analyze, present facts and summarize options but in the end to leave it do the client to own the results. Find ways to get friendly people to do peer reviews on parts of your business and offer the same in return. And don’t limit it to VCs.
Bill Gates once famously said that people tend to overestimate the impact of technology in the 1-year timeframe and underestimate its impact in the 10-year timeframe. I tend not to go into heat when I hear the latest buzz on the tech blogs about the latest gadgets. 5 companies presented and all were talented.
Monday, August 3, 2020 -- Fixing the Top Fundraising Mistakes Startup Entrepreneurs Make. Join JJ Richa in a fireside chat with Scott Fox, CEO of the OC Startup Council, for a discussion of the top mistakes that early stage entrepreneurs make when pitching their startups for funding. See [link] (more)
I have been close to the tech & startup sectors for more than 20 years and I can’t think of a period in which I felt more optimistic about the innovation and value creation I see in front of us. The movie, “The Social Network” might have had more of an impact on creating future entrepreneurs than any other event of the past 5 years.
Responding to Elizabeth Warren’s call to regulate and break up some of the nation’s largest technology companies, the venture capitalists that invest in technology companies are advising the presidential hopeful to move slowly and not break anything. This is not a new model, and it makes no sense,” says Narasin.
The final episode of Bravo’s Start-ups: Silicon Valley aired recently, wrapping up an 8-episode run of what could be considered the most bizarre depiction of entrepreneurs and start-ups to date. If you caught the firestorm of protest from the tech sector against it, I am here to tell you, believe the hype — this show stinks.
I wrote a version of this post four years ago but given the hectic nature of today’s tech markets I thought it was worth revisiting and updating. A couple of years ago an entrepreneur had requested a meeting with me to present his business. Canceling meetings is a part of modern day life. Let me give you an example.
Building a strong tech industry to rival that of Silicon Valley is definitely no easy feat, but the overall feeling within Cal Tech’s Baxter Hall at last week’s event certainly bodes well for the year. Our next company to present was Danger Room Gaming and their Rapid Fire Trivia games.
Some aspiring entrepreneurs are so desperate for funding, or naïve, that they ignore the obvious signs of scams and rip-offs on the Internet, praying for a windfall. But people are still begging for more technology or laws, often to protect them from themselves. entrepreneur funding investors business' Marty Zwilling.
My plea to entrepreneurs is to recognize these concerns as an opportunity, to make people’s life better, rather than stoke the fires. Market your solution and user benefits, not the mysterious technology behind it. business entrepreneur identify theft opportunity privacy startup' Why is everyone so paranoid these days?
Next week is the Montgomery Summit (www.montgomerysummit.com), one of the longest running technology conferences held in Los Angeles. Jamie Montgomery: We have companies from 56 cities and 22 states presenting, as well as a few from countries like England and France, investors from China, Japan, Malaysia, Singapore, and India.
Or they get sidetracked by a technical glitch due to poor preparation. Equally bad is a full tutorial on your new disruptive technology. Investors are more interested in your solution and your business, rather than your technology. Some entrepreneurs seem to think that their product pitch is also their investor pitch.
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