November, 2012

The Depressing Day After You Get TechCrunched

Vinicius Vacanti

Post loosely based on our experience years ago when TechCrunch covered Yipit’s launch. If you’re a first-time reader, you can get future posts by subscribing via email or following me on Twitter.

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10 Course Corrections Every Startup Should Memorize

Gust

Eric Ries image via Fast Company. The popular view of a real entrepreneur is someone with a big vision, and a stubborn determination to charge straight ahead through any obstacle and make it happen.

Trending Sources

What Has Changed

A VC : Venture Capital and Technology

As I read this post in the WSJ about the changing nature of VC funding of consumer web companies , I thought that we may be looking at the symptoms and not the disease. As the WSJ notes, VC funding of consumer web and mobile companies is down 42% in this first nine months of 2012 (vs the first nine months of 2011). And the big falloff is not in seed rounds, which are still getting done, but in follow-on rounds, which are not. So what has changed in the past couple years? A lot, actually.

Entrepreneurshit. The Blog Post on What It’s Really Like.

Both Sides of the Table

It’s 4.50am. Sunday morning. And I couldn’t sleep. I have much on my mind since I just returned from a week on the road. 5 days. 3 cities. Late night Mexican food. Beers. Airports. Delays. I left on a Sunday. I had to miss a full day with my family, camping in the mountains.

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Entrepreneurs as Dissidents

Steve Blank

Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them.

More Trending

How Well Do You Take A Punch?

A VC : Venture Capital and Technology

I was talking to a friend who has been displaced because of Sandy. They are struggling to get back to their daily routine and it is hard living out of a suitcase without access to the things they rely on from day to day. I was talking to the CEO of a company whose business was negatively impacted by Sandy. They are struggling to get the business back to where it was before the hurricane. One is a personal thing. The other is a work thing. But they are the same thing.

Entrepreneur’s Don’t Think Enough. Here’s What You Can Do About It …

Both Sides of the Table

Every so often I find myself caught up in a really hectic 3-4 week schedule where it seems like I float endlessly betweens meetings. Pitches. Intros. Board Meetings. Conferences. And I get flooded with legal docs, end-of-quarter financial administration, recruiting, whatever.

Careers Start by Peeling Potatoes

Steve Blank

Listening to my the family talk about dividing up the cooking chores for this Thanksgiving dinner, including who would peel the potatoes, reminded me that most careers start by peeling potatoes. KP – Kitchen Patrol.

What Hasn't Changed: The Internet Keeps Getting Bigger.

500 Hats

Recent articles by the WSJ , Fred Wilson , & others are noting a shift in investor interest to enterprise and away from consumer. If true, this is a huge error … at least for entrepreneurs, angels, and smaller funds. There is no better time than the present to build cheap & scalable software-based businesses that make money.

5 Key Ingredients of Satisfaction for Entrepreneurs

Startup Professionals Musings

Building a startup is hard work for low pay, it’s risky, and it requires total responsibility to make it work. Yet, many entrepreneurs are the happiest people I know. On the other hand, I know many unhappy individuals who are always partying, have minimal commitments, and little responsibility.

6 Clues That You May Be Cool as an Entrepreneur

Gust

Google's Larry Page image via Coolspotters.com. A while back, when a startup founder mentioned to me that he wasn’t sure he had the personality to be an entrepreneur, I realized how important that insight was.

What I'm Reading This Sunday Morning

A VC : Venture Capital and Technology

A Capitalist's Dilemma by Clayton Christensen. The Money Quote: The answer is that efficiency innovations are liberating capital, and in the United States this capital is being reinvested into still more efficiency innovations. In contrast, America is generating many fewer empowering innovations than in the past. We need to reset the balance between empowering and efficiency innovations. The Doctrine of New Finance helped create this situation. The Republican intellectualGeorge F.

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Why Silicon Valley and Hollywood Don’t Get Each Other and Who Will Win the Future

Both Sides of the Table

For the past three years I have been pounding the table as loud as I can about the future opportunities in digital video. The concise guide is here. My narrative has stayed pretty simple: People in the US watch 5.3 hours of TV per day. People read for less than 30 minutes.

Open Source Entrepreneurship

Steve Blank

One of the great things about being a retired entrepreneur is that I get to give back to the community that helped me. I assembled this collection of free and almost free tools, class syllabi, presentations, books, lectures, videos in the hope that it can make your path as an entrepreneur or educator easier. Free: Startup Tools. If you’re building a startup, the Startup Tools tab on the top of this page has curated links to hundreds of startup resources.

Some problems are so hard they need to be solved piece by piece

Chris Dixon

Andrew Parker had a great post a few years ago where he sketched out all the startups going after pieces of Craigslist: Startups that have tried to go head-to-head against the entirety of Craigslist (the “horizontal approach”) have struggled.

10 Rules of Thumb for Startup Investment Valuation

Startup Professionals Musings

Once you have a potential investor excited about your team, your product, and your company, the investor will inevitably ask “What is your company’s valuation?”

7 Keys to Positioning Your Competitors to Investors

Gust

Steve Jobs and Bill Gates image via Facebook.com. Every entrepreneur should spend plenty of time thinking about competitors, and how they relate to your business, but you need to be very careful what you say out loud about them to your team, your investors, and your customers.

Video Of The Week: Founder Liquidity

A VC : Venture Capital and Technology

I am surprised this video only has 483 views as of now. It's a talk I did with Chris Dixon eighteen months ago about founder liquidity. It's an interesting topic and worth a discussion here this morning. It's about six minutes long. Enjoy. Venture Capital and Technology

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Why Startup Entrepreneurs Need to Communicate More Like George Bush Than Al Gore

Both Sides of the Table

This article originally appeared on TechCrunch. It is election season. So it’s tempting to think this is going to be a partisan post – it is not.

The Golden Age of the Boston Internet Entrepreneur

Genuine VC

There are a couple classic archetypes of internet/software founders, including the genius college student cooking up something quirky but ultimately disruptive in his dorm room who launches his company straight out of undergrad.

5 trends that are changing how we do big data

gigaom.com

GigaOM. Apple. Cleantech. Cloud. Europe. Mobile. Video. Nov 3, 2012 - 2:00PM PT. 5 trends that are changing how we do big data. By Derrick Harris 7 Comments. Tweet. Email This.

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Sorry, No Calls

OnStartups

The following is an article inspired by my earlier article, MustSayNo.com , which has literally been life-changing for me. Also, a quick apology for the somewhat self-indulgent nature of the article. I like to think that I'm not a complete schmuck because I do have a tough time saying no.

How many start-ups in the US get seed/VC funding per year?

Gust

In very general terms, roughly 1,500 startups get funded by venture capitalists in the US, and 50,000 by angel investors. VCs look at around 400 companies for every one in which they invest; angels look at 40.

The 7 key components of a perfect elevator pitch

Up and Running

Whether you are trying to raise money for your business or just want to perfect your business strategy, a solid elevator pitch is an essential tool for achieving your goals. An elevator pitch can be delivered either verbally, ideally in 60 seconds or less, or as a one-page overview of your business.

If it Didn’t Happen on Twitter it Didn’t Really Happen. Here’s Why

Both Sides of the Table

I wrote this post a long time ago. When I did it was a little too close to home for a company to have me publish it. Much time has passed. And I felt it was instructive still so I thought I would publish. I decided to water down some details to protect the innocent.

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10 Avoidable Mistakes Cause Entrepreneurs Much Pain

Startup Professionals Musings

I’ve been advising and mentoring startups and growth companies for years, and find myself always pushing them to try something new, for the sake of growth and survival. When you try new things, you make mistakes, and I’ve seen many.

Excellent Analytics Tip #21: Convert Complex Data Into Simple Logical Stories

Occam's Razor

I love this quote from Richard Branson: Complexity is your enemy. Any fool can make something complicated. It is hard to make something simple. Is there any place Mr. Branson's words are more relevant than our big data world ?

Recruiting Developers? Create An Awesome Candidate Experience

OnStartups

tl;dr: If you're trying to attract awesome developers, you need to create an awesome candidate experience (CX). Something that makes them go "WOW!". It's like UX -- but for the people interviewing to join your team.

First Impressions Matter: The Importance of Great Visual Design

ConversionXL

People make snap judgements. It takes only 1/10th of a second to form a first impression about a person, and websites are no different. It takes about 50 milliseconds (that’s 0.05

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The Enterprise Is Cool Again, and Box CEO Aaron Levie Is Loving It

readwrite.com

There’s a lot of talk in Silicon Valley about the decline of consumer Internet companies and the rising interest in companies that sell software to enterprises. After all, Zynga and Groupon, the darlings of the consumer wave, have tanked.

Why “The Culture of Failure” is Imperative to Startup Communities

Both Sides of the Table

I recently wrote about the 12 tips to building successful startup communities. After a recent discussion I had with Steve Blank it made me remember that I had left off one of the most critical factors – a culture of failure. I remember this lesson well.

Crossing the Chasm is a Major Startup Challenge

Startup Professionals Musings

Everyone in the business world has heard of the old bestseller by Geoffrey A. Moore titled “ Crossing the Chasm ,” but most entrepreneurs have no idea how it relates to them.

Is There More Than One Type Of Convertible Debt?

Ask The VC

Troy Henikoff and I had lunch a month or so ago in Chicago and the conversation turned to convertible debt. I’d recently made an offer to invest in a company Troy was an investor in and the entrepreneur and I got tangled up in the definition of pre and post money in the context of existing convertible debt. In this case there were multiple traunches of convertible debt at different valuation caps.

How A 17-Year-Old In India Bootstrapped To $7M In Revenue

OnStartups

The following is a guest post written by Sanket Nadhani. He previously headed Marketing and Sales at FusionCharts and just launched an eBook on the complete journey of the company on its tenth birthday. FusionCharts was founded in 2002 by my brother, Pallav Nadhani , in a quest for more pocket money.

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