The seven attributes of a highly successful start–up CEO

Berkonomics

Dave’s note: This week we welcome guest author, David Friedman, to tell us about his favorite startup CEO, and his take after interviewing her – asking for her list of attributes for startup success. . Seven attributes of a highly successful start-up CEO.

Most Common Early Start-up Mistakes

Both Sides of the Table

This is part of my ongoing series “ Start-up Lessons. &# If you want to subscribe to my RSS feed please click here or to get my blog by email click here. 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. Imagine you pour 5 years of your life into your next gig and it starts to become successful.

Project cash flow – not just profit – during start-up.

Berkonomics

There is no longer a guarantee that VCs and later stage investors will be waiting at the run-out point of the angel money to pick up and grow the company. Cash is everything to a new business. How many times do we have to say this?

Start-ups are all Naked in the Mirror

Both Sides of the Table

This is part of my ongoing series Startup Lessons. I started my first company in 1999 in London at the height of the dot com craze. Our product releases took longer to ship than we had hoped. We kept reading about their customer wins, their product releases and their biz dev deals. It didn’t add up to me. Bad morale is the enemy of any company let alone a start up.&#. Because I had started reaching out to competitor CEO’s.

Austin Start-up MailLift Joins 500 Startups

Tech Zulu Event

I met fellow hustler Brian Curliss about 2 years ago at a Startup Weekend event that I was covering. It came as no surprise whatsoever when I found out that his new company MailLift was called up to the big leagues to join the 500 Startups accelerator.

Oh, go ahead and ask for a five-million-dollar investment in your startup.

Berkonomics

First, few startups can use that much money today with all the virtual services available and increasingly inexpensive methods of development, prototyping and marketing. A much more rational approach to starting up. Starting up Raising money

Wars and Start-ups

Alon Schwartz

I’ve been an entrepreneur and in the startup business for many years now. I’ve also been involved and/or interested in conflicts and wars in Israel and other places to the point I began to see similarities between these two worlds: Startups and Wars. For example, starting a startup is like starting a war. Yes, you’ll need resources and funding but you can start relatively small and grow. No wonder they call startups “an uphill battle”.

Wars and Start-ups

Alon Schwartz

I’ve been an entrepreneur and in the startup business for many years now. I’ve also been involved and/or interested in conflicts and wars in Israel and other places to the point I began to see similarities between these two worlds: Startups and Wars. For example, starting a startup is like starting a war. Yes, you’ll need resources and funding but you can start relatively small and grow. No wonder they call startups “an uphill battle”.

After 20 years: Updating the Berkus Method of valuation

Berkonomics

There is a universal truth: fewer than one in a thousand start-ups meet or exceed their projected revenues in the periods planned. I should have done more about this subtle interpretation when first seeing this, and will attempt to make up for that now. Well, it had to happen.

Are you wasting money filing patents?

Berkonomics

First, know that the $16,000 average cost of research and filing a patent is only the start, even if your patent application is not opposed or even if the examiner is reasonably receptive to your brilliant idea. So, a patent could be damaging to the startup, not a barrier to entry.

Building Products for Mass Adoption

Both Sides of the Table

Chris Dixon wrote a blog post last week titled, “ Techies and Normals &# in which he defined “Techies&# as people who are not just “early adopters&# but also have more of a geeky, technical, product bent. They use products because the products solve a need they have.

Tinder's Chief Product Officer Back To Startups

socalTECH

Brian Norgard, who was Chief Product Officer at Los Angeles-based dating app developer Tinder , has left the company, and will be starting up a new company, Norgard said today. Norgard had been founder of messaging startup Chill, the maker of Tappy, which was acquired by Tinder in 2014. Norgard has been a longtime Los Angeles startup entrepreneur. tinder chief product officer brian norgard executive startup

Which is more important: Management quality or a better plan?

Berkonomics

If you read last week’s analysis of statistics for startups and early stage businesses, you have learned the truth that at least half of the businesses backed by professional early stage investors will die within three years or less. Starting up Surrounding yourself with talent

Can a revolutionary concept be too late to market?

Berkonomics

Too many startup businesses, especially in the technology world, are built upon brand new concepts that have not yet been proven in the field against products from other companies that already have revenues flowing. Starting up Positioning

Can a revolutionary concept be too late to market?

Berkonomics

Too many startup businesses, especially in the technology world, are built upon brand new concepts that have not yet been proven in the field against products from other companies that already have revenues flowing. Starting up Positioning

Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

This is part of my ongoing series called “ Start-up Lessons.&#. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. Like Chris Dixon I grew up programing.

Most Startups Should be Deer Hunters

Both Sides of the Table

This post is part of my series “ Startup Lessons &#. Elephants, Deer and Rabbits – Some thoughts on start-up segmentation. I know that this advice won’t apply to every possible startup – but I think it applies to many.

Wearable World Labs Partners With Technicolor to Accelerate Wearable Tech & IOT Start­ups

Tech Zulu Event

This partnership will bring one of the most influential media companies together with today’s most promising emerging startups in the Wearable Technology and Internet of Things (IOT) space. ” Create products that change the world.

Productivity Hacks: Voicemail, Folders & To-Do’s

Both Sides of the Table

I recently wrote a post about avoiding the “ Deferred Life Plan &# and some related thoughts about personal productivity that came from Tim Ferriss’s book, The Four Hour Workweek. I would love to say that I’m the productivity guru. I’m just getting started.

Who Should you Hire at a Startup?

Both Sides of the Table

This is part of my ongoing posts on Startup Advice. There are people who tell startups that they should hire the most senior people that they can find. Bringing in a senior person who’s “done it all before&# is often a mistake in a startup.

Running More Effective Board Meetings at Startups

Both Sides of the Table

We started with our financial statements. We then talked about our product roadmap. So I changed things up and became much happier with my results. But they were in a slide and people asked you questions so it ended up chewing up 30 minutes.

Should Your Startup Give Performance-Based Warrants?

Both Sides of the Table

This is part of my ongoing series on Startup Advice. As startup entrepreneurs 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.

Startups and VCs Should Avoid “Pier” Funding

Both Sides of the Table

Often when startups who have raised venture capital need another round of financing they will turn to their existing investors to give them money before raising from outsiders. It starts as a debt instrument (e.g. And it adds up. But piers are often counter productive.

The Fallacy of Channels: Startups Beware

Both Sides of the Table

This is part of my ongoing series on startup advice but also filed under my sales & marketing posts. No advice I give will ever apply to 100% of companies, 100% of startups or even 100% of tech startups. You’ve got the perfect product.

Startup Founders Should Flip Burgers

Both Sides of the Table

This is part of my ongoing series Startup Advice. When you’re an early-stage startup that hasn’t raised any institutional money you end up doing almost every job function of the company yourself. We had to ramp up our team quickly and ramp we did.

Should Your Startup Have an Advisory Board?

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many startup companies hire advisory boards. If you plan to set one up – no problem. come out of the gate strong and never let up) then you might get some attention. So you set up advisory meetings.

People Management: Startup Teams Should Dip but not Skip

Both Sides of the Table

We all like to think of startups as “non hierarchic&# organizations and to some extent that should be true. I see two common mistakes in companies (not just in startups, in fact). Let information flow up but direct your staff and execute through hierarchy.

How to Work with Lawyers at a Startup

Both Sides of the Table

If you’re a startup and you don’t have a close relationship with a few law firms you’re really missing one of the most important relationships that any entrepreneur can have. Many people start companies arse backwards.

What is the Right Amount of Money to Raise at a Startup?

Both Sides of the Table

Recently I’ve been debating with a number of young startup companies that are raising money in the next few months, “what is the right about of capital to raise at a startup?&#. Google suddenly makes your product category free). - Who started this meme?

3 Sales Tips for Startups – Creating a Burning Platform

Both Sides of the Table

This is part of my ongoing series Startup Advice. Many entrepreneurs who start technology companies are product people, technologists or savvy business people who worked previously for a larger company. Most start-up entrepreneurs have little or no sales experience.

Tips 341

Build a company – not just a product.

Berkonomics

And rarely do we see a plan for a single product that is not part of a larger vision, and remain interested long enough to ask for more information. The famously popular app, “Draw It,” might at first seem an exception, until you dig deeper to find a dense plan around a series of social engagement products planned to follow. Can you extend your product into a planned series? Starting up Positioning Some businesses are built around a single idea.

2010 VC Funding Outlook for Startups – Prepare for Winter (Part 3/3)

Both Sides of the Table

It is also a result of pent-up demand. So we loaded up on flat screen TVs, multiple generations of iPods and trips to Hawaii. When the market run started in March people were relieved that “the world wasn’t ending” so they started spending again.

The Berkus Method: Valuing an Early Stage Investment.

Berkonomics

For those of us who’ve invested in early stage companies, especially technology startups, we have confronted a universal problem. There are many ways to project the value of a company for purposes of pricing an investment, but all rely upon the revenue and profit projections of the entrepreneur as a starting point. Sound Idea (basic value, product risk) $1/2 million. Product Rollout or Sales (reducing financial or production risk) $1/2 million.

Invest 250

73.6% of all Statistics are Made Up

Both Sides of the Table

of all statistics are made up. Here’s how I learned my lesson: I started my life as a consultant. I had to read each report, synthesis it and then come up with our best estimate of the markets going forward. How to Interpret Analyst Reports.

Don’t be a Grin Fucker

Both Sides of the Table

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. All startups are hard.