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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. Unfortunately, I see too many new entrepreneurs who let their passion for a new idea or invention blind them to the stark realities of customer need, opportunity size, or pricing and cost implications.

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The Pros and Cons of Rando Rich People Investing in Your Startup

This is going to be BIG.

Still, there are a lot of downsides to taking venture money—the push to grow at all costs, our desire to be all up in your business, literally, and sometimes, we’re kind of obnoxious. On the other hand, they could be the opposite—much more focused on near-term cash distributions than long-term equity appreciation.

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8 Keys To Building And Nurturing Trusted Connections

Startup Professionals Musings

Smart business people learn to quickly recognize negative personality types, and avoid them at all costs. This can be as simple as giving back as much time and emotional effort as you absorb from others, or it can be offering real business payback or equity for contributions. Avoid naysayers and downers.

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8 Personal Strategies For Winning With Relationships

Startup Professionals Musings

Smart business people learn to quickly recognize negative personality types, and avoid them at all costs. This can be as simple as giving back as much time and emotional effort as you absorb from others, or it can be offering real business payback or equity for contributions. Avoid naysayers and downers.

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Lies About Startup Legal Fees

Austin Startup

CEO: “$95K” Me: “Going to be complete s**t, and will cost you 10x more long-term.” Make it incur three years of opportunity costs (law school) and a small mortgage (about $200–225k for law school, all in) before it can hit the market, and it gets a whole lot more expensive. Me: “Great. What’s his/her starting salary?” CEO: “What?

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Don’t Sleep on Lightning

Version One Ventures

While questions remain around the long-term legal feasibility of such a solution, the larger point is that the speed and cost benefits of Lightning can now be abstracted away for the end user’s benefit without any knowledge of bitcoin the asset. . Other businesses are pushing mainstream Lightning adoption for shopping.

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Organic Growth Startups Won’t Scale Competitively

Startup Professionals Musings

This initial focus is usually driven by limited financial and people resources, as well as the bandwidth of the executive team. These relationships need not require cash investments; often they are done with exchanges of equity or assets. An example of a startup which used non-organic growth early and effectively was Microsoft.

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