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Everybody has a blog these days and there is much advice to be had. Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. There are bootcamps, startup classes, video interviews – the sources are now endless. What is a founder to do?
I'm often the last one to leave an event, held back by the most persistant of entrepreneurs trying to squeeze as much advice as they can out of me. I have one failed attempt at a startup under my belt as a founder and I don't have any particularly usable skills that anyone would pay for like selling, designing, building, etc.
I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. I guess this is the ultimate definition of implementing a business model when you’re not clear on strategy! LEAN STARTUP MOVEMENT. The Need for Strategy.
The startup ecosystem is a terrific manufacturer of bad fundraising advice. They’ll tell you all about their strategy, the order of operations of who and how they pitched, the magic slides, the timing of the raise itself, etc. Well, if you add it to your startup, it does a few things. Is that a good strategy?
Talk to ten founders and ten different VCs and you’ll get roughly about 600 different suggestions as to how you should go about your fundraising strategy. When you read fundraising advice to founders, think about how much blanket statements would make sense for real estate. Why does it seem like there’s an exception to every rule?
Michael answered questions from network members requesting advice for their entrepreneurial endeavors. What advice would you give to entrepreneurs and professionals looking to finance their business? Where can startups find money to launch their businesses? Startup communities – Where to find them and how to get involved.
Under no circumstances should any of the below content be construed as legal, tax or investment advice from 500 Startups or any of its affiliates. Life as a startup is perilous. Outsourcing can be a great way for a startup to leverage experienced and skilled talent without breaking the bank. You only pay for.
On top of that, anytime I talk to anyone who wants to get involved in startups but isn''t sure what they want to do, inevitably, I hear, "And then I was thinking maybe I should look into venture capital, too.". All in all, not exactly a predictable lead sourcing strategy. There''s no filter for that on Crunchbase.
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? Entrepreneurs are often prideful, which can hinder us from seeking the advice needed to succeed,” Finkelstein says. “I marketplace. Embrace vulnerability. “I
I have never been more optimistic about the impact that the tech startup community is having on cities in America or about the role that cities outside of San Francisco / Silicon Valley can play in our future. Changes in the Startup Ecosystem. So the startup work moves to where the startup founders live and not vice versa.
Kristin Marquet, Founder, Tech/Analytics/PR Expert, Academic Finance Background, Marquet Media Kristin, can you tell us a bit about yourself and your journey to becoming an expert in the startup world, especially focusing on the intersection of digital marketing, health and wellness, and parenting?
the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. I never thought of this until I became the Founder & CEO of my first startup company. Why you should never have a data room?—?the
I love how open Danielle has been throughout the development of her startup Mattermark including honest reflections of when she has changed her opinion. They now have a strong VC lead from Foundry Group and from experience when you get advice from Foundry it comes with authority, experience, empathy and the right amount of straight talk.
The era of VCs investing in successful consumer Internet startups such as eBay led to a belief system that seemed to permeate many enterprise software startups that hiring sales or implementation people was a bad thing. If you’re an early-stage enterprise startup services revenue is exactly what you need. We like software.
Pete is a mid-level manager in the software engineering unit of an entrepreneurial startup that quickly grew to 400 office-based employees doing electronic health records (EHRs). An example of what might occur comes from one of my coaching clients, from a few months before the pandemic hit.
Most strategies are some combination of innovation and best practices along the classic five steps of venture investing: See, Pick, Win, Service, Exit. Some force that pulls exceptional startups to you, directly or via intermediaries, in a privileged and sustainable fashion. This post is about ‘seeing.’
Launching a startup in New Zealand is exciting, but navigating the accounting side of things can be tricky. Choose the best business structure for you Choosing the right business structure for your startup is a crucial first step. A budget, on the other hand, provides a financial framework for the startup’s operations.
Didn’t I make myself clear about celebrities & startups ? She debates manufacturing strategies. Turns out she’s done this startup thing before. And they’re both full time committed to their startup – Moonfrye. StartupAdvice' What was she doing with Soleil Moon Frye? Kara as CEO.
I work with a lot of startups. Delaying going out of business gives you way more chances at product / market fit than any other strategy I know of. And if your ultimate strategy is a small sale of the business that recovers investment and puts some cash in your pocket – having more time to make this work makes a lot of sense.
I was reading Danielle Morrill’s blog post today on whether one’s “ Startup Burn Rate is Normal. I love how transparently Danielle lives her startup (& encourages other to join in) because it provides much needed transparency to other startups. But this strategy great depends on point 3.
One of my favorite events last year was attending Startup Grind where I got to interview Clayton Christensen, author of The Innovator’s Dilemma. And of course we talked about many of my views of building startups. You didn’t join startups then. You joined a startup if you couldn’t get a real job.
After seeing Chamillionaire interact with several entrepreneurs both at events and as an investor I started introducing him to startups in an advisory capacity. And after one meeting they started asking for his advice about marketing, customer engagement, product design, monetization – whatever. Startup Lessons'
Santa Monica is the place where the highest concentration of early-stage startups are created if you consider also the contiguous geography of Venice Beach. StartupAdvice' But in Los Angeles, Santa Monica is akin to SoMa in San Francisco, Cambridge in the Boston area or Flatiron / Union Square in NYC.
Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.
Many startup businesses – tech or otherwise – fail. Trying outrageous new things or even trying mundane things but in new ways but with extreme quality & innovation is what fuels the tech startup industry. But today I want to give you advice on how to decrease your odds of failure in a startup.
For the past 5 years or so Google, Facebook and a handful of tech industry giants have been quietly buying scores of early-stage startups for their talent. has now employed the same strategy. Almost certainly the startup would have raised some capital. Go do a startup. StartupAdvice' And who cares, right?
a really wide angle view of the tech industry since you see so many concepts / so many pitches and REAL data points on how startups perform financially. a top-down view on HR challenges at startups; and, obviously: a great network. StartupAdvice' inside insight into VC decision-making. Mostly it’s philosophical.
14 Pieces of Advice for Resolving Conflicts Among Startup Team Members Navigating team conflicts in a startup environment requires wisdom and practical strategies. Too often in fast-paced, pressure-packed startups, there are simple misunderstandings. My top advice? It’s not first grade.
On the business side, they face hard decisions about establishing the right marketing strategy for their products and services, gaining timely access to capital to grow their business and dealing with the day-to-day operations. They help you avoid c ommon pitfalls and introduce proven strategies that accelerate growth.
I often advise startup companies not to try and pin all of your brand equity into an announcement. We don’t lay claim to being the only VC to change or think about the future or to having the only or best strategy. who is talking about putting in up to $30 million in our startup. StartupAdvice'
The most successful entrepreneurs are those who take the approach of seeking out those who can give the best advice when dealing with the challenges of growing their small business or startup. The Importance of Seeking Out Expert Advice Seeking out expert advice is crucial for small business owners for several reasons.
In 2008, Tyler Jorgenson was not in any position to give out strategies for business growth, as he is now. Let's look at specifically six of his strategies for business growth. 6 Powerful Strategies for Business Growth. You have to know your strategy. His advice? It costs nothing to ask good advice from a friend.
By spending more time educating your board on your business you get more valuable advice from them. I’d like to schedule a 45-minute call to agree our strategy and understand who your key contacts are.” You may have an opinion on your market-entry strategy for Europe. StartupAdvice' Have topics.
However, by having all of this well thought out beforehand, you can save your nerves, and instead of coming up with strategies from scratch, you have a base to build from. This should start with revenue strategies. There’s no single checklist for startups to begin successfully. When setting your pricing strategy , be careful.
We’re excited to announce the launch of the YC Startup Library, found at ycombinator.com/library. The library consolidates the knowledge and advice we’ve previously published and provides a central location for new content.
If you want a great primer on how the VC and startup funding scene changed here’s a great primer. Whom you take advice from really matters. I think an easier definition is “first institutional capital” which is what most A-round VCs think about what their personal funding strategies are. Startup Lessons'
Friday, April 3 was supposed to be the orderly launch of the CARES Act Paycheck Protection Program (PPP) providing $349B of urgently needed funding to struggling startups and small businesses. What are the immediate do’s and don’ts for startups? For instance, one of our startups applied to J.P.
I had an enjoyable conversation this morning with a young team straight out of college this morning and they were calling to ask advice on how to approach fund raising (angels vs. VCs, how to select a VC, etc.) Politics are a part of human nature and thus a part of all startups. Startups are hard. StartupAdvice VC Industry'
There is much talk these days that startup valuations have decreased and may continue to do so and that the amount of time it takes to fund raise may take longer. While there is no “one size fits all” I used to give the advice that you should plan about 4.5 How much money have you personally or your friends/family invested?
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. First-time entrepreneurs may find the startup adventure daunting without having the right guidance and perspective. .”This
The father of “Growth Hacking” appears to be Sean Ellis who wrote this widely read post, “ Find a Growth Hacker for your Startup. For starters it brings a mindset to startups that not all of them have innately. If your startup isn’t committed to growth hacking you’ll never find extra-ordinary growth.
No need to reinvent the wheel, just use these tried-and-true strategies for sustainable growth. Startups often find themselves navigating a tough and competitive environment. Amidst numerous challenges, the right growth strategy becomes paramount. The answer often lies in the growth strategies they adopt.
As startups scale, effective sales implementation becomes the difference between stagnation and sustainable growth. After analyzing hundreds of sales organizations across startups, I’ve distilled the key pieces of advice that founders and leaders should keep in mind.
Will our strategy change now that we have 40% more capital? . Our investment strategy has always been to do predominantly Series Seed & A round deals, which makes up > 85% of our first investments. Many people have helped us along the way with guidance, mentorship, introductions and advice. But that’s it.
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