Entrepreneurs, you know about Angels of course — but do you really know one when you see one?
Venture capital is synonymous with startup funding, at least that’s what conventional wisdom and folklore tell us. The reality is that Venture capital firms invest primarily in established ventures with significant traction and revenues — and rarely invest in the mythical ‘2 entrepreneurs in a garage with a breakthrough idea’. For startups, VC funding is as rare as winning the lottery.
For first-in startup investment money, it’s “calling all Angels”.
After entrepreneurs start their company by bootstrapping with their own personal funds…
Entrepreneurs — how do you know you’re on to something big?
It’s when the media, and the gurus look at your new product category, and proclaim “It’s a scam! “
Usually it’s followed by predictions that people using your product will either lose their life savings or be hunted down and killed by a stranger.
Now then, if your customers have this reaction then you’re in trouble — but if the ‘experts’ say start wailing these warnings — then you might be on to the next breakthrough product.
Over the past few decades we’ve seen waves of disruptive technologies: New…
Entrepreneurs — you’ve got a startup venture with a cool idea and a product. Now you need a little funding to get to the next level.
Maybe Angel funding? Perhaps you’ll apply to an accelerator that offers some investment money. Maybe enter a funding competition? It’s not a bad path — but there are hurdles.
The first hurdle is submitting an executive summary or filling out an online application. This is where you have to to describe each aspect of your venture in 100–200 words.
Explaining your your new venture — with all the vital nuances and caveats packed into…
Today’s startup entrepreneurs endure a more intensive kind of entrepreneurship. These are the one’s who are risking it all to build breakthrough products, with the potential to the change the world and improve the lives of millions.
The pace, the stress, the uncertainty, and the existential isolation - despite having a spouse or partner -can be overwhelming.
As the romantic partner, you want to help, but It’s easy to say the wrong thing. One well-meaning question or off-handed comment can derail your partner’s entrepreneurial spirits, and turn into into despair. One misunderstanding can spiral into a fight, or worse.
It’s a wrap.
The Arizona Commerce Authority’s inaugural Virtual Accelerator program is done. After 12 intensive weeks, the entrepreneurs survived, thrived and graduated — and their startups unleashed into the wild.
This is important for everyone in Arizona’s economy — not just for entrepreneurs.
Nothing drives a state’s economy more than job growth. And, in case you didn’t know, almost 100% of all net job growth comes from companies younger than 5 years old. New companies — particularly growth-startup companies — account for almost all new jobs. So if we want a thriving economy, we need great startup companies. …
Doubters, naysayers, unscrupulous investors, and competitors — entrepreneurs are used to battling all kinds of demons.
But it’s the obstacles and enemies closest to you that blindside and derail your entrepreneurial success. They come in the form of a friendly co-worker or someone in a position of influence. While appearing to help you, they are actually subverting your success. This happens so often there’s a name for it: It’s called Salieri Syndrome.
Anton Salieri is the rival composer vividly depicted in the movie Amadeus. Salieri is seething with envy at Mozart’s talent, genius and potential for success. He is one…
When there is no common criteria for who is an entrepreneur, then everyone is an entrepreneur.
Notice the choice of words. It’s not that everyone could be an entrepreneur; without a set of criteria — everyone is an entrepreneur. But just like geographic Balkanization, this fragmentation of entrepreneurship has created a nation of niches. They speak different languages, and they are working in independent silos in an increasingly connected world — and they often work at odds with one another.
Eventually the definition becomes diluted and meaningless.
“Flammable, inflammable, and nonflammable. Why are there three? …
Je suis Charlie? Non, Je suis Entrepreneur. Vraiment. Non, vraiment.
Entrepreneurship is the selfie of the new millennium — a modern Rorschach test through which each of us sees validation for his or her own career. Can you think of any other profession, field, or activity with which so many desperately want to identify? If you look at the list below, it’s obvious that everyone is using a different definition of entrepreneurship.
Peeling away the layers of the onion, we can try to nail down who is really an…
“You keep using that word. I do not think it means what you think it means.”
-Inigo Montoya, (The Princess Bride)
A butterfly flaps its wings in Brazil and causes a hurricane in Florida.
A mathematician is perplexed because every time she enters the same numbers into an equation, it produces wildly different results.
When the mathematician graphs these equations, the output mimics the beautiful, irregular, patterns found in nature.
When theologians talk about the unformed “nothingness” that preceded the formation of the universe — this too is Chaos.
The rest of us use the common…
For entrepreneurs, securing venture capital is a grueling and frustrating process.
Even if you have the most promising venture in history, the likelihood of being offered a term sheet is determined by a mysterious series of steps.
Here’s your guide to what happens behind the scenes, when venture capitalists decide whether to invest:
By CJ Cornell