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I’ve made monthly peer-mentoring sessions of 10 to 12 other entrepreneurs an integral part of my ongoing education. In no small part, the knowledge I’ve gleaned from my EO peers led me to my newest undertaking. Why Peer to Peer? Accountability is another major benefit of peer mentoring.
I saw this Tweet recently by Scott Belsky, co-founder and CEO of Behance. It spoke to me because it so resonates with my nearly daily advice to entrepreneurs and VCs alike. I went as far as to call it the best Tweet of 2015 so far because it encapsulated my advice so succinctly. conviction > consensus. Respect > Love.
Here is advice I collected for dealing with the stress of running a startup: 1. Brad Feld, a partner at Foundry Group and investor in many successful startups, gave me this piece of advice. Join a CEO peer group. If you are in a peer group with other CEOs , it’s much easier to get perspective on what’s happening to you.
For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.” But if you want it in it’s full V1 glory read on … You’ve never been a CEO but might like to be one some day.
Varos , based in San Francisco and Tel Aviv, is shedding some light on how companies compare to their peers in terms of key performance indicators, like customer acquisition costs. Varos founders, from left, Gil Shaked, Yarden Shaked and Lior Chen. We come in and provide that solution through data cooperation. Image Credits: Varos.
Two prominent entrepreneurs share their views on starting a business plus 10 tips every first-time founder should have. A founders journey when taking on the challenge of launching a startup is filled with highs and lows.Their path to success will have challenges, setbacks, and moments of doubt.
I recently read Brad Feld’s thought provoking piece encouraging founders to sit on the board of another startup company. I found it thought provoking because I’ve always believed startup founders need extreme focus on only their company to succeed. So I’m going to follow Brad’s advice.
EOA supports growth through direct learning, access to mentors, leaders, peers, and experts. That’s an 86% success rate of Accelerator grads joining EO because of the direct learning, access to mentors, leaders, peers, and experts that made it irresistible to join EO. EO supports entrepreneurs at every age and stage.
Tracy DiNunzio isn’t your typical Silicon Valley startup founder. She’s a painter and a self-proclaimed Bohemian. She did her first tech startup after the age of 30. And she didn’t start her company in Northern California. Tracy built her company, Recycled Media , out of necessity. More on that later. That may soon change.
If you haven’t yet heard about Female Founder Office Hours it is an initiative you should be aware of whether you’re male, female or any other gender identify. Female Founder Office Hours gives founders the mentorship and the role models to see that it is in not only possible but also to have a plan to make it a reality.
Have you ever wondered what it’s like to join the Entrepreneurs’ Organization (EO), the world’s largest membership network formed exclusively by entrepreneurs, for entrepreneurs everywhere? With nearly 19,000 members in over 80 countries, EO offers local, regional, and global experiences that support entrepreneurs beyond just business.
I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I had to laugh a bit reading it. I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners. I listed on many databases – some MBA, some not.
Before diving into entrepreneurship, wouldn’t it be ideal to tap into the knowledge of experienced, thriving business owners for advice on failure-proofing a new business? We didn’t realize how much of this we could accomplish before launching,” says Heidi Rasmussen , EO Dallas member and co-founder and COO of freshbenies. “If
Déborah, a 2022 YLAI Fellow , is the founder and director of CAPAZ Perú , which develops cultural, educational and social projects for people with disabilities through art programs such as theater and dance. Her fibromyalgia diagnosis after university gave her even more drive to launch CAPAZ in 2018.
Let me start by saying two things: Events like this are invaluable to startups because the significant value comes from building the network across portfolio companies and the discussion one can have with your peer group. I’m going to save that for a future blog post. It is the key to “customer development” that Steve Blank talks about.
And you can tell that the founders have thought greatly about creating the right kind of space for startup companies. [if you're not old enough to get the reference between this image and the title you can click on the image for a prompter]. We know prices of deals, compensation, who’s doing well / poorly, etc.
We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. So my only goal is to give you insights into the conversations we’ve been having in case you don’t have the same access or advice. I am not claiming to be the world expert on this. Am I eligible for the PPP Loan?
This post is an effort to unpack what’s required of a startup accelerator to truly serve the needs of high-performing founders. Every time I talk to someone about the work we do at Founders’ Co-op , I have to first explain that we don’t really care about technology or business ideas per se. This has not been our experience.
He is the founder of Misión Ecuador , , created to benefit entrepreneurs and owners of small- and medium-sized businesses in the country, starting in the province of Manabí after the earthquake of April 16, 2016. How entrepreneurs are building resilience in their communities. By Shannon Courtney. to herself over and over.
I only say that because after years as a VC I can always tell when my peer group invested in something because “it seemed like it would make money” versus when they invested out of passion. But without a passion for what you do I am dubious about your chances for success. Are your investors truly passionate about what you do?
Through the YLAI Network’s social platforms , you can connect and join in discussions with other members to get advice, work through your challenges, raise awareness of your organizations and learn how to advance your passion project. There are many reasons to join today and many benefits to being a part of this network!
This is part of my startup advice series. It’s still important advice for startup founders and something that I’m passionate about. This post isn’t going to be popular. I’m sure of that. That’s OK. And I care more about the debate than trying to be popular. I never hire job hoppers.
Psychology Today notes that taking advice somehow feels like admitting that we don’t really deserve our high status. But truly successful people understand that the advice and knowledge of people who have been-there, done-that is priceless. ” Thomas Edison, inventor/founder of GE (1847 – 1931). What would you ask them?
A Forum, which is also often referred to as a Mastermind, is a group of peers who meet regularly, with the goal of helping each member improve personally and professionally. Given the request for input and feedback, you might expect a presenter to receive various advice from the other Forum members. In my experience.
For me I’ve stated publicly that 70% of my investment decision is the team and most of this is skewed toward the founders. But some founders have that extra quality that makes them never give up. You see that peer who always pushes things further than you normally would. Yeah, right.
We have collected a wide range of freebies, contests, accelerators, online communities, and VCs designed for student tech founders. The Kauffman Foundation found 47% of US tech founders held degrees in STEM while 34% held degrees in business, finance, and accounting. 1) Freebies for Student Tech Founders. 1) Your school.
It got me thinking about the advice that I often give to new VCs. For years I saw myself as the new guy in VC but then you wake up one day and realize that 50% of your peers have been doing it for less time than you and time has moved on. Somehow the world seems to be spinning faster these days than just a few years ago. And so forth.
For starters let me use “CEO” as a proxy to include her “inner circle” which might mean co-founders or might just mean senior execs of the business. The Mind of the Founder. Now you’ve got to convince your peer group to quit their respectable jobs and career arcs and join you. Of course not.
Want to tap in to the best startup advice from entrepreneurs who are out there doing it? Welcome to ‘500 Founders’ where we ask innovators from around New Zealand for their top insights for first time startup founders. ” Marta Meszaros – Founder. ” Abbe Hyde – Founder. The Cleaning Lady.
Since Arrested Development is back I thought I’d resurrect Gob Bluth’s answer when he was told he needed a “business model” – he quickly figured out that he was missing one so he asked Starla, the Bluth company secretary, if she would be his business model. My take on his argument is this: 1. ” True.
Before launching SkySelect , Tulika co-founded DeltaBid and worked in Supply Chain as a consultant prior to that, where she played a crucial role in changing supply chain operations for many Fortune 500 companies. Thank you so much for joiningus! What motivated you to launch yourstartup? What is it that excites you about what youre building?
I'll bet not too many other VCs in my peer group could name five… Go me! The other day, I unlocked the "I'm no racist" badge in the VC game. All I had to do was to name 5 black tech startup entrepreneurs in New York City when asked by a reporter to do so. Kidding aside, I did feel a totally misplaced sense of pride. Absolutely.
Whether it’s securing investment capital, marketing a concept, recruiting new talent or leaning on peers for support and advice, having a solid network can seriously work to your benefit. There’s no question that launching your own business comes hard work, obstacles and logistics—and most of these are left to the founder.
Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010. To be fair to Ben Horowitz – I think he thinks this as well.
My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. Very few founder CEOs go into the job ever expecting to give up their seat. It’s your baby. You took the biggest leap of faith.
As someone who’s dedicated her career to helping small-scale entrepreneurs grow their businesses, I’ve heard many skeptics say a business accelerator program is just a cover for startups looking to increase capital. On a personal level, giving entrepreneurs the support and resources to realize their potential is immensely valuable on many levels.
McKinsey studies have also shown that companies with diverse leadership outperform their peers. Tim Hamilton is the founder and CEO of Praxent. The company’s Employee Assistance Program (EAP) provides counseling, wellness services and legal advice to accommodate their diverse needs. The founder of Polar Notion , Morgan J.
Ashna Mahepal, founder of Young Help Suriname (YHS) , is a member of the YLAI Network and 2016 YLAI Fellow. She created the organization out of her passion for social entrepreneurial impact. Starting as a project manager with a background in engineering, Ashna launched YHS to develop and implement community projects supporting the U.N.
We will look at ideas that failed to go mainstream and change financial services in the way the founders originally intended. Algorithm-based buy/sell/hold advice for investment portfolios Fintech must remember that the average consumer doesn’t like thinking about money and often wants someone else to take care of it.
In marketing materials founders often refer to their customer base as a “community”, but there’s a huge gap between having customers and creating a community. 92% of consumers trust peer recommendations , while only 22% of brands are trusted. Community-building is advice I give to nearly every startup team with whom I work.
EO is a peer-to-peer learning organization , so it made perfect sense to offer free mentoring sessions to conference attendees who wished to spend time with an entrepreneur. Santoro attended the 2019 Startup Grind Global as an Entrepreneurs’ Organization (EO) ambassador and mentor. We share his thoughts below. .
Two, if you are lucky, you are still being paid to do a job—a job that, for founders, marketers and sales teams, means connecting with customers during a terrible health crisis and a recession. What’s a company to do with their marketing? So what are you supposed to do in the meantime? Everyone is looking for answers. Here are some tips: 1.
What advice would you give your past self? Most founders I speak to agree that the startup journey is generally discouraging, overrun with unsolvable challenges and many many mistakes. I posed a question to twenty-one other founders, across many different industries from media to finance, from SaaS to urban farming.
James Sutcliffe is the founder and CEO of The Founding Network , a collaboration platform for high-growth founders. If I were to pick one thing that unites the global tech scene in terms of culture I would point to the respect and reverence accorded to startup founders. James Sutcliffe. Contributor.
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