Startup Professionals Musings

SEPTEMBER 25, 2023

Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. This shows respect and professionalism.

Sweat Equity 274

Sweat Equity Elevator Pitch Startup Equity 274

YoungUpstarts

APRIL 17, 2018

As a new entrepreneur or business owner, the most important thing you will do is hire talent. Think of it as an elevator pitch for recruiting. As with sales, these core reasons need to be compelling to candidates, while being as unique to you (competitive differentiation) as possible. Hiring = Sales.

Cofounder 164

Cofounder Elevator Pitch Hiring Dividend 164

Startup Professionals Musings

JANUARY 11, 2021

Many first-time entrepreneurs find themselves unable to bootstrap their startups, and also unable to find early funding at the venture capital level or even with angel investors. Friends and family are quick to differentiate between a passionate hobby and a sincere effort to change the world. This shows respect and professionalism.

Sweat Equity 346

Sweat Equity Elevator Pitch Equity Venture Capital 346

Startup Professionals Musings

FEBRUARY 27, 2019

In essence, as a contractor, you are a consultant who is competing regularly for new work, and you constantly have to differentiate your offering from other candidates, including price. In fact, thinking like an entrepreneur is a good strategy today for success, even if you are currently in a long-term employment situation.

Employee 246

Employee Elevator Pitch Differentiation Social Media 246

Startup Professionals Musings

JANUARY 26, 2012

An "elevator pitch" is a concise, well-practiced description of your startup and your plan, delivered with conviction and enthusiasm, that your mother should be able to understand in the time it would take to ride up an elevator. A good elevator pitch is not just for an elevator discussion.

Elevator Pitch 283

Elevator Pitch Startup Differentiation Distribution 283

Startup Professionals Musings

FEBRUARY 19, 2018

As an advisor to young entrepreneurs, I find that many are a bit naïve about how the investment process really works. In my first working session with this entrepreneur, I suggested ways to break this request into stages or tranches, based on showing traction, with the first amount in a more affordable range of $50 thousand or less.

Elevator Pitch 215

Elevator Pitch Equity Revenue Differentiation 215

Startup Professionals Musings

AUGUST 8, 2016

As a startup advisor and investor, I find that more and more entrepreneurs avoid using the term “profit” in pitching their new venture. Thus I was pleased and a bit surprised to see a new book, “ The Purpose Is Profit ,” by Ed “Skip” McLaughlin, an entrepreneur who has both succeeded and failed in starting multiple businesses.

Intellectual Property 120

Intellectual Property Entrepreneur Elevator Pitch Exit Strategy 120