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This is part of my Startup Advice series. 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. Good entrepreneurs can admit when their course of action was wrong and learn from it.
Some really great stuff in 2010 that aims to help startups around product, technology, business models, etc. 500 Hats , February 1, 2010 When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication? 500 Hats , February 1, 2010 When to Use Facebook Connect – Twitter Oauth – Google Friend Connect for Authentication?
This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Many entrepreneurs struggle with their setbacks.
We started with our financial statements. So I changed things up and became much happier with my results. 1. Set two strategic topics per board meeting and start with them – I bet most of you feel that you have pretty talented people around the table but you get stuck talking about the minutiae of your business.
This is part of my new series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute: Tenacity. Well obviously that’s meaningless if your startup idea sucks.
But in my experience as an entrepreneur and now spending my time amongst investors I can generalize that almost all VC investments in early stage technology & Internet investments come down to just four key factors. This post was prompted by an email exchange I had with a young entrepreneur. I was interested in learning more.
This is part of my ongoing series on Startup Advice. As startupentrepreneurs we all want to work with them because having their name as reference clients makes it so much easier for marketing, PR, selling to other customers, fund raising and even recruiting. Have minimums but a sliding scale. Sometimes it actually does.
If you want the full SlideShare deck with many slides not in either post it’s in this link –> The LA Tech Market. ” It’s the most common refrain I hear from investors and even entrepreneurs these days. billion in venture capital to LA’s technology startups and 2014 will shatter that figure.
Francisco Dao came up with the idea of letting 10 companies that weren’t selected for Twiistup to do a presentation the night before to a group of people and let the audience pick one company to win the final slot at Twiistup. I’ll put up the video when they post it on their website. Stories have starts, middles and ends.
We had a training session from somebody who put up the four-quadrant graph you see above. This is really important as extroverts like to have the answers presented to them up front. For extroverted people I recommend that entrepreneurs have an “executive summary&# slideup front that cuts to the chase.
.&# It was my investment philosophy that observing teams’ performance over time was far more insightful than reacting to how good of a product demo they do, how good they present Powerpoint slides or how great tech blogs say they are. I felt the exact same way when I was an entrepreneur. Lines vs. Dots is all about people.
I grew up in the US but lived in England for so long I can never remember from which country my slang comes. But then I started to see it happening internally. So we (and by we I mean “they&# ) at Accenture decided to come up with our own bull shit. Plus, everyone on Twitter egged me on and then some.
This involves a person who leads a PowerPoint presentation in which the presenter feels more comfortable racing through pre-practiced slides and rattling off charts & bullet points than having a discussion. The VC might have tried a few times to prompt a discussion and you didn’t take the queue but in stead reverted back to slides.
My advice to entrepreneurs was and is “ when the hors d’oeuvres tray is being passed take two ” (e.g. It eventually closed at 11,204 in April ’10 before sliding back around 10,000 as I sit here and type. It has taken years and many false starts, but finally we are about to witness mass-produced electric cars and trucks.
If you don’t already read Chris’s blog you should – it’s very well written, often takes a strong POV and speaks from an entrepreneur’s perspective but with a huge knowledge of the technology investors as well. I covered this a bit in my post about the market definition slide in fund raising. He is both.
Some great content around the intersection of startups and being a Startup CTO in June this year. This continues my series of posts: Top 29 Startup Posts May 2010 Startup CTO Top 30 Posts for April 16 Great Startup Posts from March There was some really great content in June. It shows a lack of interest.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? Especially if the idea could be whipped-up by a few 24-year olds in a few weeks? Lots of thoughts here.
Note: This is Part I in the Startup Advantages series. Startups have few advantages. The more sensitive the data and potentially damaging to your company, the more likely it will end up in the hands of someone who can use it against you. If the other party asks you to send them your slides, find out why they need them.
As a VC and former entrepreneur let me offer you some advice. The mistake entrepreneurs make is either writing a lengthy email (everybody has too much email so it will get skimmed / not digested) or not having a deck which means the VC can’t quickly determine his or her fit as a potential investor. The key is WHAT you send.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? Especially if the idea could be whipped-up by a few 24-year olds in a few weeks? Lots of thoughts here.
It’s any meeting where you are in a small room and are being called on to present on some form of overhead slides. Sit closest to the projector – Many times a week I have entrepreneurs who do presentations for me and often I’m with some or all of my colleagues. In slides, less is almost always more.
This is part of my series on How to Raise VC but could equally be filed under Startup Advice more generally. I recently got a phone call from an entrepreneur whom I respect and who runs a company that I hope will do great things one day. He started the call by telling me he had exciting news. Save it for someone who cares!
The concept comes from a Stephen Covey book called “ First Things First ,&# which is a worthwhile book ( Wikipedia overview here ) but if you haven’t read his seminal book “ 7 Habits of Highly Effective People &# you should start with that. I did the outline of the 15 slides on the flight over (after a few beers).
This is part of my series on Startup Advice. I love working with Aussies because their outlook on life seems very similar to what I grew up with in California. I recommend starting the meeting with a VERY brief introduction of your company, your background and why it’s relevant to the job you currently have.
I am on the Board of a growing, dynamic SaaS business which has recently graduated from the startup stage and entered the early-growth phase. I documented these highlights on PowerPoint slides, using as many direct quotes as possible and splitting the comments into “Positive” and “Negative” feedback for each question.
He shared a number of witty entrepreneurial insights, including: "Startups are like high school. Note: I am an investor in Brian''s current startup via Rincon Venture Partners.). But the more I started to think about it, I said, well, why the hell not? I mean, that''s what entrepreneurs do every day.
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. There is no crowd of successful entrepreneurs. Successful startups are all about the right people with the right stuff. Financial model.
Don’t blog about what you think would be “cool.&# I don’t think that most startup blogs should be about how to build a startup. The new stuff: How do I get started? The advantage of the hosted version is that it’s easier to get started. I was an entrepreneur. I put much time into it.
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. My starting salary was $27,000. I can’t make this up. I have published many of these PR Tips before. ” F**k.
Either way, don’t assume that the entire room is up to speed on your company. My plan would be to start the presentation at the 50,000 foot view and then dive down to a more granular level once we’re all base-lined. As both an entrepreneur (in VC and sales meetings) and as a VC I’ve seen this happen many times.
As a member of the local angel group Selection Committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Executive team. Marty Zwilling.
Monday, August 3, 2020 -- Fixing the Top Fundraising Mistakes StartupEntrepreneurs 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)
It’s always fun chatting with Jason because he’s knowledgeable about the market, quick on topics and pushes me to talk more about VC / entrepreneur issues. We’re staring to get the hang of how to divide the show up into talking about deals but also talking about issues for entrepreneurs during funding.
As a member of the local Angel group selection committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in ten minutes. Executive team.
If you are making a one-to-one presentation, don’t start without a conversation about the other person’s knowledge of your space. Immediately, I can tell how to orient the explanations behind my pre-cast slides, based upon the response. And you will not insult the industry experts by appearing to talk down to them.
But then Marc Andreessen weighed in – as did I and several others – and the media picked up on his comments. Entrepreneurs can still build big businesses on the outskirts.” So I tell entrepreneurs to either build businesses at the edge of the forrest OR focus on businesses that drive deflationary economics.
The biggest complaint I hear from fellow investors is that startup founders often talk way too long, and neglect to cover the most relevant points. If you start by pitching your extended life story, that’s the wrong point. If you have ten minutes, that means no more than ten slides. Start with the problem and your solution.
Most entrepreneurs believe they are “different,” but they can’t quite understand how. The classic book, “ Hunting in a Farmer's World: Celebrating the Mind of an Entrepreneur ,” by serial entrepreneur and business coach John F. Dini makes the case that entrepreneurs are hunters, while the rest of us (large majority) are farmers.
The reason is that conferences usually pack them up with speakers to maximize the number of high profile guests in attendance to sell more general admission tickets. Startup Matchmaking (Wed 5th Oct – Santa Monica) - The first event is tonight (Tues, Oct 5, 2010) at Wokcano in Santa Monica. Hope to see you!
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you.
The biggest complaint I hear from fellow investors is that startup founders often talk way too long, and neglect to cover the most relevant points. If you start by pitching your extended life story, that’s the wrong point. If you have ten minutes, that means no more than ten slides. Start with the problem and your solution.
Most entrepreneurs believe they are “different,” but they can’t quite understand how. A recent book, “ Hunting in a Farmer''s World: Celebrating the Mind of an Entrepreneur ,” by serial entrepreneur and business coach John F. Dini makes the case that entrepreneurs are hunters, while the rest of us (large majority) are farmers.
When we started discussing the idea behind the company, Guitar Hero and Rock Band were the talk of the town. He showed me the guitar technology, telling me in his South African accent--that he "never gave up" on the MIDI guitar. I have always loved it, and never gave up. Those challenges cannot be overcome with a normal guitar.
In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. First to market, for example, is not normally a sustainable advantage for startups. Startup team with experience and connections is this domain.
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