You need to think of EVERYONE at this stage as co-founders and owners OR merely consultants (formally contracted with VERY clear terms, requirements, deliverables, and ownership). Trust me. You do not want to be in a situation where you are committing anything to anyone hired, an agency, or freelance professional – such people either need to be
Later this year, the Mandalorian returns to the small screen for Season 2 of one of the hottest reasons everyone has flocked to Disney+ While anxiously awaiting a show near the top of my Must See TV, my family and I spent the weekend binge watching Star Wars while I toiled away on a major
Years ago, Peter Thiel provocatively proclaimed in the Wall Street Journal that “Competition Is for Losers” and I recall loving the headline not for the negative connotation implied, but for the play on words that you’re going to lose if you set out to compete. “The airlines compete with each other, but Google stands alone.
In downturns in the economy, it’s then that Venture Capital Funds really come to the forefront of our startup communities because it’s then that entrepreneurship shifts from a buyers market to a sellers market. Buyers vs. Seller. Some time ago, I got a little bit of s*** for suggesting that founders think of Venture Capitalists
In 1985, management scholar Manfred Kets de Vries wrote in Harvard Business Review, “Entrepreneurs seem to be achievement oriented, like to take responsibility for decisions, and dislike repetitive, routine work. Creative entrepreneurs possess high levels of energy and great degrees of perseverance and imagination, which, combined with willingness to take moderate, calculated risks enable them
It’s a marriage. I’m a bit surprised by how many entrepreneurs start something merely hoping to have a business, solve a problem, or accomplish something. I can’t recall when I’ve ever seen that work, substantially. Launching a startup is like having a child, and finding committed cofounders is a marriage. The difference is that you
I’ve had a particularly interesting week in Austin; through some events and lots of coffees, I’ve meet with a ton of founders, perhaps more than ever in 3 days alone. Interesting why? Easily half, argued with me that startup investors are seeking revenue and don’t require an exit. At least, that’s what they’re being told.