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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

This is part of my series on what makes an entrepreneur successful. I originally posted it on VentureHacks , one of my favorite websites for entrepreneurs. I started the series talking about what I consider the most important attribute of an entrepreneur : Tenacity. Entrepreneurs are inherently risk takers.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

” I mention journalists here because they perpetuate the myth that focusing on profits is ALWAYS the right answer and then I hear many entrepreneurs (and certainly many “normals”) repeating the same mantra. I have had this discussion with many a first-time entrepreneur. They both raised angel / seed money of $1.5

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What every entrepreneur should know about financing right now

Version One Ventures

First, there will be a consolidation in the accelerator space, with the net effect of reducing the number of available spaces for start-ups. And, we should expect angel activity to drop as new angels discover that returns from their seed investments aren’t so easy to come by. It will just be leading you down the wrong track.

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The Top 3 Financial Perks of Launching a Startup Company During College

The Startup Magazine

However, the beauty of being in college is that it’s a safety net. In return, you may be able to get your hands on some seed money for your college startup. Alternatively, there are organizations for student entrepreneurs for networking and startup cash injections. These include: Young Entrepreneur Council.

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Entrepreneurs: The Funding Landscape Has Changed.

Berkonomics

Crowd Funding: The Internet is at work here, especially for obtaining early stager seed money. An entrepreneur utilizes online communities to solicit pledges of small amounts of money from individuals who are typically not professional financiers.

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Should Startups Care About Profitability?

Both Sides of the Table

I often ask entrepreneurs to consider, “What’s your objective? This is not atypical for “middle men” who often take 15–30% of the value of the sale If you’re shaking your head and thinking, “duh” I promise you that even some of the most sophisticated people I know get off track on this issue of “gross revenue” versus “net revenue.”

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

A friend of mine is a serial entrepreneur and is running a high-profile, early stage company in NorCal. We exchanged ideas when I was an entrepreneur along side him in NorCal in 05-07 and my point-of-view on founder / VC relationships hasn’t shifted even 1% since I went to the dark side. I believe this is wrong.

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