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Launchpad LA Receives VC Funding: $50,000 Per Startup

Both Sides of the Table

To give visibility to these companies to: Sources of funding (angels / VCs), business development partners, mentors who have themselves built successful companies, the press and potential employees to hire. Report Card. One senior mentor to Launchpad LA recently said, “I got more out of Launchpad LA than I even put in.

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7 Keys To Teaming With The Right Mentor For Success

Startup Professionals Musings

Why is it that only the most successful entrepreneurs , including Mark Zuckerberg, Bill Gates, and Richard Branson, admit to having a mentor and actually use them? Obviously, I’m a big fan of business mentors based on my own experience, since I have been at different times on both the contributing and receiving end of the relationship.

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Startup CTO or Developer

SoCal CTO

What metrics are going to be the key startup metrics and how do we get those metrics without too much cost? What existing systems will we leverage, what programming languages, software development methodologies, web application frameworks, revision control systems, etc.? What other kinds of systems will we likely need?

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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. You need advisors and a board of directors, but they require regular communication and reporting, a strategic plan, and discipline.

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8 Problem-Solving Practices Give Startups Success

Startup Professionals Musings

Don’t hesitate to call in an experienced advisor or mentor to help. Thus a visible system is required for reporting to all relevant parties, which also keeps your focus on the problem until it is resolved. Make sure there are metrics for problem counts, resolution time and revenue impact. Very few startup problems are unique.

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8 Tasks To Prepare You For Starting Your Own Business

Startup Professionals Musings

Based on my own experience as a mentor and angel investor, I find that as many as ninety percent of startups fail in the first five years, despite their best efforts. Define key metrics to measure progress and success. Use comparable metrics for managing team member results.

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10 Ways To Build Trust And Loyalty In Your Business

Startup Professionals Musings

According to current reports , both your employees and your customers have to feel they know you, and you know them, before levels of trust can accrue. Your role is to provide mentoring and support as required. Provide training and mentoring directed at career growth. It also means listening and following-up on feedback.