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.
EVERY founder should plan with the exit in mind. Whether that’s getting acquired, merely successful, going public, or otherwise, most startups struggle to bring on board resources and capital because they never think through and communicate what the FUTURE means for everyone. I don’t care if you want to get acquired or stay private, what
With three kids of my own (10, 12, and 14), and a lot of time spent in incubators and corporate innovation programs, I’m frequently wondering if and how we can’t better introduce our kids to entrepreneurship and prepare them for what’s involved in raising capital. Begging this question, How would you explain venture capital to
Venture Capital seeks opportunity, not a sales pitch. The mindset to have is that you don’t want to have to seek VC, you want investors to seek you. Of course, that doesn’t mean you won’t have to do the work and start the conversation; it’s a mindset – what are you doing to build the
We’re in this really weird era as Silicon Valley creeps out to the rest of the world, in which investors elsewhere, traditional business owners, and the like, keep advising everyone to, “focus on customers,” “it’s all about revenue,” and questions such as this. Startups never needed to become profitable. Venture Capital investors fund EXITS Grants fund
Is it that simple? Let’s try… I’ve explored before HOW startups fail and article after article after article ponders why they fail. I hope we can agree on a simple fact that IF a startup is going to fail, investors would rather not be involved. Yes? So might it be as simple? Investors consider countless
Venture capital investing is the riskier version of gambling in Las Vegas. Truly. 90% of startups fail. FEW are experienced with discerning any difference between those likely to fail and those not. What’s the rookie mistake in venture capital investing? Being a rookie. Without experience in startups, your odds are against you as much as