article thumbnail

Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

Historical and current statistics still show the chances of failure on any given idea are better than even. By maintaining your startup activities as supplementary with future payback, your efforts will look visionary rather than perilous. Be able to learn from failure without embarrassment.

article thumbnail

The last money has the first say.

Berkonomics

Something like a marriage (and often lasting just as long statistically), your investment partner can be a great cheerleader, coach and resource. Be careful about investor rights This important variation on money talks is an important consideration for entrepreneurs when seeking an investment from professionals such as VCs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Are YOU the bottleneck in your business?

Berkonomics

The book was written to describe in simple terms the use of statistical analysis to remove bottlenecks in a manufacturing environment. A favorite book for you on this subject [Email readers, continue here…] There is a great book, “The Goal – The Process of Ongoing Improvement” by Eliyahu Goldratt.

article thumbnail

L.A. Tech Wages Rising Fastest in the Nation

L.A. Business Journal

Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc. Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S.

article thumbnail

8 Smart Tips To Soliciting Friends And Family Funding

Startup Professionals Musings

In fact, according to a classic article on Fundable , and other statistics, friends and family are still the major funding source for new ventures, investing over $60 billion annually, more than all professional sources combined.

article thumbnail

73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Here are some examples: - You ask a small sample set so that data isn’t statistically significant. This type of statistical error is known as “selective bias.&#. Statistics aren’t evil. It’s irony.

article thumbnail

Bccthis Adds Statistics To Twitter Client

socalTECH

Los Angeles-based Bccthis , which develops software which connects Twitter, Microsoft Outlook, and the BlackBerry, said this week that it has launched a number of features to provide statistics and analytics on the service.