Write a Business Plan, But Don’t Pitch It
Write a business plan but don’t pitch that plan. What you are selling more than anything is you.
Read MoreThe Best Way to Think About Entrance and Exit Strategies
When I got my first job out of college, a well respected mentor told me to be thinking about my second job the first day I showed up at work for my first job. This didn’t mean I shouldn’t do the best I possibly could at my first job but that I should have a [...]
Read MoreThe Case of Hype Vs. Reality
The past can tell us a lot about where we are going. The past can also pre-sage history and fortunes to be made. Its mistakes and miscalculations can also be repeated. Nowhere is this truer than in business. Believe it or not, you are neither the first nor the last entrepreneur who is destined for [...]
Read MoreCautious Optimism Among VCs in 2010
The National Venture Capital Venture Capital Association said early in December of 2009 that it was “cautiously optimistic” for 2010. “It is readily understood by the venture capital community that our industry is going to contract in size going forward,” said Mark Heesen, president of the NVCA in a December 16 statement. “That will mean [...]
Read MoreStudying the Entrance and Exit Strategies of Your Favorite Companies
Just like it’s easier to find a job when you already have one, procuring early-stage or start-up funding is a lot smoother if you’ve already demonstrated the ability to raise funds. Likewise you should be looking at a VC firm with a track record for creating success stories as we’ve discussed previously. Also consider digging deeper and taking notes on other start-up’s entrance and exit strategies.
Read MorePreparing Yourself for Capital in 2010
Whether you’re a glass-half-empty or glass-half-full thinker, getting financing for your business requires an “honest” inventory.
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