Remove Employee Remove Ohio Remove Partner Remove Venture Capital
article thumbnail

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail. NAME David Cowan.

article thumbnail

Entrepreneurs are Everywhere Show No. 20: Nayeem Hussain and Will Zell

Steve Blank

If you’re a venture capitalist … you have limited partners that give you money to invest on their behalf, and you’re responsible for giving them outsize returns. As an entrepreneur, you’re always fighting that external war whether that’s with partners or with investors. Nayeem : (Nods.)

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Not-So-Secret Secrets To Making It Big: Five Surprisingly Doable Steps That Will Propel You To The Top

YoungUpstarts

I routinely tell my employees that I’m not their father and won’t babysit them, and that if they tell me they’re going to do something, they’d better make good on that assurance. Michael Feuer cofounded OfficeMax in 1988 starting with one store and $20,000 of his own money, a partner, and a small group of investors.

article thumbnail

Five Sensible Business Lessons You Must Learn to Embrace — No App Necessary!

YoungUpstarts

That said, there’s bound to be a situation when you want to resort to sending a nasty e-mail to get your point across to an employee, vendor, or customer who has upset you. Michael Feuer cofounded OfficeMax in 1988 starting with one store and $20,000 of his own money, a partner, and a small group of investors.

Cofounder 124
article thumbnail

Be a Benevolent Dictator (And Eight More Lessons For Getting Your Stalled Start-up Off The Ground)

YoungUpstarts

The “benevolent” part means always putting the entity, the employees, and, most importantly, the customer, first. The “dictator” piece simply means that somebody in a new venture (i.e., You certainly don’t want to alienate potential investors, customers, or employees by harassing them for a more favorable answer. Take a chance.

Cofounder 154
article thumbnail

Twelve Ways To Use Entrepreneurial Thinking To Help Our Schools

YoungUpstarts

The “benevolent” part means doing the right thing for the right reasons, for all stakeholders — in education, this means your teachers and other school employees, your students, their parents, etc. In business, on the other hand, the best companies are those that tap their newest employees for their ideas on what can be done better.

Cofounder 222
article thumbnail

Break The Innovation Chokehold

YoungUpstarts

Hidden away in your office, shielded from others, do you deliver orders that must be followed, never considering what your employees might think? He or she must be poised to seize the moment and capitalize on unique opportunities when they’re presented. So how can you cull valuable ideas from your employees, benevolent dictator-style?

Cofounder 162