Startup Professionals Musings
AUGUST 25, 2023
The cost of entry has never been lower, with new tools to create your own website , and free social media to get your message out everywhere. 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.
Startup Professionals Musings
APRIL 14, 2023
When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years. It’s now obvious that there is no market for what I created.”
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Startup Professionals Musings
AUGUST 5, 2023
They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. There is a good chance that business advisors and mentors also have access to investment capital, or know someone who does.
Startup Professionals Musings
NOVEMBER 22, 2020
They don’t realize that according to statistics from Startup.co , almost 60 percent are funded with personal savings and credit, and another 25 percent get their money from friends and family. There is a good chance that business advisors and mentors also have access to investment capital, or know someone who does.
Startup Professionals Musings
FEBRUARY 13, 2021
In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. For example, I’m not sure the world needs one more social media niche site, or another dating site, or yet another flavored drink alternative. Use your passion to get there, not to set the goals.
Startup Professionals Musings
JULY 18, 2020
When I heard a friend and business mentor say, “Your startup won’t fail if you don’t quit,” I realized that every entrepreneur should adopt “never give up” as their mantra. Either could improve the statistic that half of startups fail within the first five years. It’s now obvious that there is no market for what I created.”
Startup Professionals Musings
MAY 6, 2020
For example, Lyft and Uber were able to capitalize on the current ride-sharing trend worldwide by tracking statistics that indicated reduced interest in car ownership by millennials, lack of parking spaces, and auto ownership costs moving up rapidly. As Andy Grove famously wrote, “Only the paranoid survive.”
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