Most technologists have little interest in the mechanics of starting and building a business. That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. In fact, an […]
Most first-time entrepreneurs seem to believe the myth that they need a minimum of a half a million dollars to start a business. At least that is usually the lowest number I see requested from our local angel investment group. In reality, over 80 percent of successful new businesses are self-funded for much less -often […]
Just because you aren’t in a “startup hub” doesn’t mean your business can’t thrive. As the founder of a Philadelphia-based startup, I’ve fielded the same question countless times as Leadnomics has grown: “Why haven’t you moved West?” Silicon Valley, along with other big startup hubs like New York and Chicago, has held the reputation as […]
How many entrepreneurs do you know that “almost” made it big? Startups are very risky, and most fail. Yet entrepreneurship is one of the fastest growing trends in business today. Surveys show that entrepreneurs are among the happiest people in business, despite the challenges. Yet it would pay real dividends to know at the start […]
Only your vision and your product or service can truly convince an investor to close a deal. But having these tips in your back pocket won’t hurt. I’ve written previously on how to successfully raise your seed round — specifically on finding investors, performing due diligence and using a proven email structure. However, there’s more […]
In this video, Dana Mead, Partner at Kleiner Perkins Caufield & Byers, talks about venture capital. He offers insight about Silicon Valley and life as a venture capitalist. Mead begins his discussion, talking about his work at Kleiner Perkins. He says that he has been in the business for about 39 years. He goes on […]
As an advisor to entrepreneurs and active angel investor, I often get questions about the realism of the “Shark Tank” TV series, compared to professional investor negotiations.
Charlie O’Donnell wrote a short blog post of the economics of his fund and no surprise, it was representative of how a typical VC fund operates. But since my fund is far from being typical, I would like to share with you the weird, un-sanitized and detailed economics of it so lets get started. Management […]
Lemonade stands may appear on the surface to be simply about selling lemonade but when you look deeper, it’s much more dynamic. There’s the producer side, which produces the key ingredients. There’s the consumer side, which buys the ingredients to create the lemonade. And then there’s the supplier side, which supplies the materials and tools […]
Are you nervous about your meeting with an investor? Well, these few simple tips are all you need to get that much needed investment.
Hedge fund managers and startup CEOs may appear to come from opposite worlds – the former numbers-obsessed nutjobs hiding behind dozens of screens, the latter product-obsessed nutjobs hiding behind dozen of bowls of ramen – but having masqueraded as both nutjobs I’ve noticed one unique quality ever present in the best of both: they know […]