Remove Elevator Pitch Remove Networking Remove Startup Remove Technology
article thumbnail

8 Keys To That First Investment From People You Know

Startup Professionals Musings

If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait. Practice your “elevator pitch,” and end it by asking for the order. Be honest with naïve family members and friends about the inherent risks of a startup – at least 70% fail in the first five years.

article thumbnail

8 Keys To Business Success For Entrepreneur Introverts

Startup Professionals Musings

As an introvert myself, I remember worrying that I could never be comfortable giving a sales pitch, or networking to find clients. Actively expand your business networking activities. If your strength is technology, find a partner who can complement you with marketing and financial skills.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Keys To Translating Technology Into Business Value

Startup Professionals Musings

Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to. This priority applies to big companies, as well as startups. Customer data integrity and security.

article thumbnail

7 Attributes of An Entrepreneur's Startup Dream Team

Startup Professionals Musings

Building a startup business is not the same as corporate executive experience, so prior titles in a big business may actually be seen as a negative. On the other hand, having failed in an earlier startup may be an advantage, if positioned properly, and some learning is evident. Focus on prior results, not titles.

article thumbnail

8 Guidelines For Friends And Family Startup Funding

Startup Professionals Musings

If you set around quietly waiting for someone you know to offer you money to fund a startup, you will probably have a long wait. Practice your “elevator pitch,” and end it by asking for the order. Be honest with naïve family members and friends about the inherent risks of a startup – at least 70% fail in the first five years.

article thumbnail

Finding a Technical Cofounder for Your Startup

SoCal CTO

I've recently received several emails from people looking for a technical cofounder for their startup. Make sure you go through the 32 Questions Developers May Have Forgot to Ask a Startup Founder. You should definitely hit up the Startup Weekend events as well. And look at StartupDigest.com for lots of startup oriented events.

article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Based on my experience and data from the field, over seventy-five percent of new startups fail, even with venture backing. Some dreams sound great, but may not yet be viable or proven with today’s technology. Any startup with no patents, trade secrets, or other secret sauce is very high risk today.