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Then we discussed how they could go about finding this startup business advisor. Do you have any suggestions for how to find a good mentor? Great question and I believe that just like finding a TechnicalAdvisor for your startup is critical, finding a good mentor is critical. They may open doors to the next role.
Take advantage of inside and outside advisers at school. Most universities also bring in outside advisors to mentor budding entrepreneurs. Once you graduate, you can’t take that course you need, and even the advisors are gone. Business networking is key. These days, every student has his social network of peers.
To that end, last week, Los Angeles-based MuckerLab (www.muckerlab.com) announced its plans--and a big lineup of local CEO mentors--to start up a new, YCombinator- and TechStars-type program in Los Angeles, headed by former Silicon Valley venture capitalist Erik Rannala , and affiliated with the TechStars Network.
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. Start today building a bigger network. Then pursue the people and education you need to build a winning business.
Most people totally advise against stealth. I worked with an entrepreneur who was to appear at a startup networking event where he was to talk about his company’s plans. They certainly struggle to find mentors as there is nothing more frustrating than trying to help a company who is afraid to tell you anything.
Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. Invest your time in networking online, as well as offline. Every future entrepreneur should start by networking.
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.
More importantly, as a parent or mentor, what should you advise young potential entrepreneurs about getting an MBA? It’s now the second biggest social networking site (Facebook passed it recently) with about 125 million unique visitors per month. Chris DeWolfe, CEO and co-founder of MySpace. Consider it a waste of time.
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