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I have long advised startup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. For 1991 I was very technical and also had a lot of practical business implementation experience in technology. ” F**k.
I often talk with entrepreneurs who are kicking around their next idea. Moonlight Responsibly - If you are still employed please be very careful not to use your company’s resources to produce your product and please do not work on your next idea during business hours. It’s hard enough to build a successful company.
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. Part of what we're building out are more resources and funding opportunities for companies who are pre-series A, which currently has a big gap.
Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. I advise that you block out time at least weekly for nurturing new and existing relationships.
Most people totally advise against stealth. I actually like finding entrepreneurs who are more circumspect, less braggadocios and generally more planned about their actions. Where Stealth is Bad – I do meet entrepreneurs who clearly fall on the other side of spectrum and are totally closed. Be careful about this advice.
As an advisor to entrepreneurs, I often hear the desire to run their own company, to avoid having someone else telling them how to run the business. I have to explain that if you really want to exercise total control of a new venture, they you need to do it without external investors, bootstrapping your way with your own resources.
Unfortunately, with limited resources, this isn’t possible, and it frustrates customers and the team. New entrepreneurs, especially technical ones, are excited by early adopters, and tend to focus on their feedback, which will always suggest more product features and options. Focus first on finding more of the right customers.
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, 2024 Learn more and apply here 3.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. The bad news is that patent trolls can squeeze the lifeblood out of innocent and unsuspecting entrepreneurs, as exemplified by the current mess around Lodsys patent No. Different rules around the world.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. They know that these entrepreneurs don’t have the skill or resources to defend themselves. They don’t insist on something very narrow, with proper technical content. Marty Zwilling.
I always advise software startups to file patents to protect their “secret sauce” from competitors, and to increase their valuation. They know that these entrepreneurs don’t have the skill or resources to defend themselves. They don’t insist on something very narrow, with proper technical content.
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.
Most of the entrepreneurs I advise today are ready to declare success when they get that first surge of traction with a real customer. The specialists to support these may speak different technical as well as communication languages, and be physically dispersed around the world.
I still generally advise software startups to file a patent as a barrier to entry from competitors and to increase their valuation by investors, but every entrepreneur needs to understand the tradeoffs. The patent application process has become a legal negotiation. Patents can become a commodity for buying and selling.
While spending years in a big company as an employee and an executive, I heard many people talking about jumping the corporate ship, dreaming of being an entrepreneur, and totally in charge of their own destiny. I’m not saying success is rare, but the list of famous entrepreneurs who started their career in a big company is small.
I am extremely passionate about what we accomplished at L90 in a short period of time with very little resources. They had products that were already in the market, piles of cash, tons of customers and revenue, seemingly endless resources and lots of employees. Bootstrap 2. 7th Horse in a 7 Horse Race 3. All-Star Team 4.
I think this splits up critical resources and builds separate cultures in two locations. I often advise these CEOs to make the tough choices early in the company’s history – either move up North or build your tech team in LA. If they can’t, I doubt it will become a big, important technical company.
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