Posts Tagged ‘Entrepreneurship’

When asked in a recent interview with YoungEntrepreneur.com for a piece of advice for young entrepreneurs, I answered “dream big but act lean”. This is critical advice.

Wikipedia defines an entrepreneur as “a person who has possession of a new enterprise, venture or idea and is accountable for the inherent risks and the outcome”. An entrepreneur is someone who is better served without the shackles that come with a traditional job, without a boss, without top-down imposed key performance indicators, etcetera.

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Competition for start-ups is getting stiff. Requirements for funding and expectations of traction increasing, even incubators are flooded with hundreds of applicants. Rejecting business plans and startups is hard work and surely a tough task, here’s a very small lesson: don’t email over 60 entrepreneurs and forget to BCC them.

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Last year a website community called Angellist launched, helping match start-ups with interested angel investors and the site has gotten more popular as start-ups are closing anywhere from $50k to $3MM in funding. The bar is set high for getting an Angellist recommendation which helps investors feel comfortable if they are reviewing a start-up that has been “vetted” by the guys running the site.

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New changes to the Startup Visa make it more flexible for entrepreneurs to come from abroad, but will they?

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Hype over Silicon Valley is dying down and the Social Curtain is beginning to open up.

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Stop updating your powerpoint find the support that really matters. Pitchdecks don’t write checks, people do.

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Lean Start-up philosophies are all the rage for the last few years, its almost seen as a sense of pride of how cheaply your team can build features and products and pivot when necessary but here’s the problem: lean start-up teaches instant gratification not long term value

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The energy in Silicon Valley is definitely contagious but are you moving over for the right reasons? Many start-ups have been successful outside the valley, here are some other areas to think about when looking at places to “start-up”

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In the days following the launch of usehipster.com, over 10,000 people registered without a product even being released. It was the result of a clever landing page which has now been duplicated by internet entrepreneurs worldwide and it’s in the process of already jumping the shark.

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Be grateful for those deals that didn’t go through. In many cases the deals that don’t close are often to your benefit and hidden blessings for later.

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