Startup Professionals Musings

OCTOBER 10, 2012

A while back I received a discouraging note from an entrepreneur with a patent and a medical software application who couldn’t find a dime of investment, and was grousing that seed funding just wasn’t available anymore. After exchanging a couple of notes, I concluded that she was more likely a victim of item #1 on my reject list below, rather than a drought on seed funding.

Software Review 250

Software Review Due Diligence Elevator Pitch Entrepreneur 250

Startup Professionals Musings

OCTOBER 7, 2012

As a mentor and advisor to entrepreneurs, I find it’s easy to recognize “street smarts” when I see them, but it’s hard to explain the specifics to someone on the other end of the spectrum, even if they are willing to learn. Some people argue that street smarts are only a natural born skill, but I disagree. I believe they are disciplines that can be taught and learned.

Entrepreneur 241

Entrepreneur Partner Finance Revenue 241

Startup Professionals Musings

OCTOBER 12, 2012

If you expect to succeed in the thrill-a-minute, roller coaster ride of a startup, let me assure you it takes more than a good idea, a rich uncle, and luck. In fact, the idea is often the least important part of the equation. Most investors tell me that they look at the people first, the business plan second, and only then at the idea. If you want some tips to beat the insurmountable odds, take a look at the following concepts, adapted from Richard C.

Startup 255

Startup Flash Entrepreneur Business Plan 255

Startup Professionals Musings

OCTOBER 6, 2012

I tell entrepreneurs that Google was an “exception” to all the investment and startup rules, but I’ve always wondered what it takes to be an exception. Since every business is built by unique individuals, I’m totally convinced that exceptional people are the key to an exceptional company. To check out the Google founders, and because I still see so many business plans that are modeled after Google (more search engines, and more billion dollar growth models), I had to take a look at the definitiv

Founder 225

Founder Search Advertising Engineer 225

Startup Professionals Musings

OCTOBER 9, 2012

Once you are able to achieve some real “traction” with your business (paying customers, revenue stream), it may seem the time to relax a bit, but in fact this is the point where many founders start to flounder. All the skills and instincts you needed to get to this level can actually start working against you, and you can fail to scale. Investors often say that successfully navigating the early stages of a startup requires lots of street smarts, guts, and luck.

Early Stage 222

Early Stage Founder Revenue Entrepreneur 222

Startup Professionals Musings

OCTOBER 8, 2012

Business incubators for sharing services were all the rage back in the days of the dot-com bubble (700 for profit, many more non-profit). About that time the bubble burst, causing more than 80% of them to disappear. Now they are coming back, and the best even provide networking, technical leadership, and seed funding, as well as investors waving money at graduates.

Incubator 215

Incubator Entrepreneur New York City Silicon Valley 215

Startup Professionals Musings

OCTOBER 11, 2012

A spin-off is merely a startup spawned by a mature parent (company), and conventional logic would dictate that it has a survival advantage over the lowly startup. Yet spin-offs seem to most often fail to launch in the real world. I was part of one myself a few years ago, and felt the pain, so the phenomenon has intrigued me ever since. My first thought is that spin-offs are like struggling adolescents with over-protective parents.

Startup 213

Startup Non-Compete Merger Leadership 213