Startup Professionals Musings

JANUARY 14, 2022

Most entrepreneurs who start a company alone soon come to the conclusion that two heads are better than one – someone to share the workload, the hard decisions, costs, and tasks you don’t like. This would be a mistake, and could easily cost you your startup. Most startups can’t afford that. All decisions will be made jointly.”

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Startup Satisfaction Writing Entrepreneur 140

Startup Professionals Musings

FEBRUARY 5, 2020

As a mentor to entrepreneurs, I tend to see many of the same obstacles appearing in every new startup, and since I don’t want to appear to be a downer , I’m not sure how to properly warn people ahead of time to be on the alert for these challenges. Even the strongest relationships are often tested and broken by the stresses of a new startup.

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Startup Entrepreneur Customer Custom 131

Both Sides of the Table

APRIL 10, 2014

If you’re an early investor like I am that often means writing the first $2-3 million check into a business that previously had either survived on fumes or on a $500,000 angel round. I have seen many companies raise their first $3 million and still act like a company that has no resources at all. Act your stage.

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Startup Resource Venture Capital Activity 381

Startup Professionals Musings

JANUARY 15, 2022

There are hundreds of consultants out there who will take your money for guidance in this area, but I recommend that you start with some free resources on the Internet, or one of the many recent books on this topic. As with many startup activities, you only have one chance for a great first impression.

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Social Media Media Startup Platform 126

Startup Professionals Musings

NOVEMBER 27, 2022

In my role as an angel investor to startups, I’m struck by the broad variety of advisor strategies I see in investor presentations and business plans that cross my desk. If your startup team is highly technical, an advisory board member with a strong financial and business background clearly adds value.

Startup 123

Startup Entrepreneur Ideas Writing 123

Startup Professionals Musings

JULY 17, 2020

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. Don’t start by committing more than you can afford to lose. Testing for real is the assumption behind approaches such as Lean Startup.

Startup 143

Startup Capital Resource Research 143

Startup Professionals Musings

MAY 17, 2020

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.

Startup 174

Startup Writing Entrepreneur Ideas 174

Startup Professionals Musings

AUGUST 16, 2020

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup. Technology experts tend to have a very deep level of knowledge, but not very wide.

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Startup Entrepreneur Activity Demand 171

Startup Professionals Musings

APRIL 10, 2023

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. Don’t start by committing more than you can afford to lose. Testing for real is the assumption behind approaches such as Lean Startup.

Startup 142

Startup Capital Resource Research 142

Startup Professionals Musings

MAY 16, 2012

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. Don’t waste your resources on the wrong ones. It’s helpful to think of startups as proceeding through several stages, which I have defined before from a funding perspective. Growth and exit stage.

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Resource Startup Organization Incubator 94

Startup Professionals Musings

JULY 30, 2022

Perhaps sparked by the recent pandemic, I’m seeing a new era of the entrepreneur, with startups springing up all around. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. Don’t let it make your startup dysfunctional in resolving future challenges.

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Startup Mentor Entrepreneur Technical Review 135

Berkonomics

FEBRUARY 3, 2010

So how does the statement above fit into this sandwich of alternatives? Trusted, close resources include sophisticated relatives, friends and business associates who know how to structure a deal as a win-win for you and for them, while allowing you to retain control over your vision and execution.

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Resource Startup Invest Entrepreneur 149

Startup Professionals Musings

APRIL 29, 2023

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

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Startup Training Services Writing 111

Both Sides of the Table

SEPTEMBER 28, 2013

It’s a hard topic to write about because it’s almost an accepted norm that total transparency is good. You took the risk to start your company. ” Your peer group is envious of your finally doing what they’ve always wanted to do but found it too hard to give up the golden paycheck and predictable future.

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Startup Course Venture Capital Writing 417

Startup Professionals Musings

JUNE 25, 2022

In these changing times, if you already have a startup, with no plan, maybe it’s time to think ahead for a change. Usually that means writing something down, since it’s hard to maintain something, or track yourself against it, if it’s not written down. What resources do you have, skills and functions, and what do you do best?

Startup 115

Startup Resource Training Ideas 115

Startup Professionals Musings

NOVEMBER 15, 2013

If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. Don’t start by committing more than you can afford to lose. Testing for real is the assumption behind approaches such as Lean Startup.

Writing 102

Writing Startup Entrepreneur Capital 102

Both Sides of the Table

JUNE 17, 2017

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!”

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Startup Venture Capital Sales Course 227

Startup Professionals Musings

AUGUST 7, 2021

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. High-performing startups today are the ones that use every resource at their disposal. I recommend three or five members to start (an uneven number prevents tie votes).

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Startup Entrepreneur Mentor Writing 145

Startup Professionals Musings

AUGUST 3, 2020

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. Start with a service you know and love. Capture your “secret sauce.”

Startup 174

Startup Training Services Writing 174

Both Sides of the Table

JUNE 27, 2011

I made every textbook mistake at my first startup, which is why I believe I was much more effective at my second one. The following are some lessons I learned about early-stage startup marketing. I worked with an entrepreneur who was to appear at a startup networking event where he was to talk about his company’s plans.

Marketing 380

Marketing Startup Press Technical Advisors 380

Startup Professionals Musings

SEPTEMBER 23, 2020

A continuing question I hear from young entrepreneurs is whether a university degree is important to startup success, or just a distraction in achieving their purpose in the world. Take advantage of free startup programs and mentors. Write a business plan and pitch deck for learning.

Entrepreneur 157

Entrepreneur Mentor Class Resource 157

TechCrunch LA

APRIL 23, 2020

There’s also a relatively modest request (of only $4 billion) for funding devoted to pilot projects, startup companies, and public clean technology investment initiatives (like LACI). The goal, is to get local, shovel-ready projects the financing they’d need to start the process of hiring workers immediately.

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Southern California Los Angeles Incubator Rosemead 261

Startup Professionals Musings

DECEMBER 13, 2021

In my role as mentor to many of you aspiring entrepreneurs, I often find you convinced that all you need to start is a unique innovation or idea , and now you are ready to jump in with both feet and enjoy the ride. Remember that being an entrepreneur is all about starting and running a business, after the initial invention.

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Satisfaction Entrepreneur Startup Mentor 135

TechCrunch LA

MARCH 31, 2021

The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes) but gives startups and the broader tech industry about $1 trillion worth of reasons to support it. The vast majority of those are nowhere up to modern codes. ” Climate resiliency .

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Startup Technical Review Invest Research 229

Startup Professionals Musings

NOVEMBER 27, 2016

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. Don’t waste your resources on the wrong ones. It’s helpful to think of startups as proceeding through several stages, which I have defined some time ago from a funding perspective.

Organization 93

Organization Startup Incubator Resource 93

Both Sides of the Table

MAY 23, 2010

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. They likely are extending payments to debtors way beyond that expected payment terms and start damaging supplier relations.

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Startup Funding Venture Capital Pricing 290

Startup Professionals Musings

JULY 24, 2015

As the number of sites on the Internet floats around one billion, the challenge with every new startup is to be found and stand out. In this age of relationships, you, the entrepreneur, are a very important element of your new brand, and it’s never too early to start marketing the value of your expertise, insights and ideas.

Blogging 110

Blogging Startup Search Engine Optimization Social Media 110

SoCal CTO

MARCH 12, 2012

I've recently received several emails from people looking for a technical cofounder for their startup. I promised I would write this post with some thoughts and ideas on the topic. Make sure you go through the 32 Questions Developers May Have Forgot to Ask a Startup Founder. Here's an example of that kind of email.

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CTO Hire CTO Coach Startup Equity 211

Startup Professionals Musings

JULY 1, 2015

Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. High-performing startups today are the ones that use every resource at their disposal. I recommend three or five members to start (an uneven number prevents tie votes).

Startup 103

Startup Entrepreneur Mentor Writing 103

Both Sides of the Table

MARCH 8, 2010

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. Slice it up enough to do many posts.

Blogging 286

Blogging Startup Writing Summary 286

Both Sides of the Table

DECEMBER 27, 2011

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” To grow faster businesses need resources in today’s financial period to fund growth that may not come for 6 months to a year.

Startup 418

Startup Venture Capital Sales Technical Review 418

Both Sides of the Table

MAY 18, 2010

As a startup entrepreneur you’ll have many demands for your time. Especially if you start to have a degree of success or build a high public profile. The problem is that the scarcest resource in any entrepreneur’s life is your time. Plus, if you’re giving up 30 minutes why also give up commuting time?

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Startup Venture Capital Writing Conference 305

Startup Professionals Musings

APRIL 3, 2016

These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many shortcuts leading to failure that are inside the entrepreneur decision realm. I certainly agree that starting a business is fraught with risk, and none of us get it all right the first time.

Startup 57

Startup Entrepreneur Writing Ideas 57

Berkonomics

JUNE 29, 2017

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more. Trust works both ways.

Invest 243

Invest Entrepreneur Sales Startup 243

Tech Zulu Event

MAY 16, 2013

Article after article points out that Los Angeles is on its way to becoming one of the most robust startup communities in the United States. It is meant to bring everyone together so that they can learn, network and leave with the sense that they now belong to a family of entrepreneurs, all trying to make LA a startup hub.

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Rustic Canyon Startup Los Angeles Class 74

SoCal CTO

MARCH 3, 2011

I talk to roughly 2 or 3 new startups every week who need advice from an experienced CTO. And I try my best to point them to resources that can help them longer term. And I try my best to point them to resources that can help them longer term. Do you have a Startup Founder Developer Gap ? What Is This?

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CTO Hire Startup Technical Review Development Team Review 264

InfoChachkie

JANUARY 3, 2012

His talk was especially intriguing, as he attended UCSB, but dropped out to start a clothing design company. As I note in Spilling The Beans , the basic ideas upon which startups are founded are worth nothing. It is the dogged pursuit of excellence that turns worthless ideas into worthwhile startups. Chaos By Design.

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Ideas Guide Startup Santa Barbara 266