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Over the years as an entrepreneur, I have fallen flat on my face many times. Looking back, I realize I lacked the understanding of just how critical it is to be truly self-reliant. Self-reliance is the ability to rely on your own efforts, abilities, powers and resources, rather than that of those around you. In 2007, I was enrolled at Montclair State University, taking a slew of classes that did not interest me.
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This is a theme I have come back to many times over the last decade but in the wake of all of the headlines about high profile founders, VCs, and companies leaving the bay area, I thought I would return to it. There is no question that the bay area is losing some talent to other markets but I don’t think that is anywhere near the most important thing.
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The moment of truth has arrived: it is time to close the round. The deal lead and founders worked hard together to line up investors, negotiate terms, work through deal documents and disclosure schedules, and track down every last detail of cap tables. As usual it took longer than expected, everyone is exhausted and the company needs the money urgently to make long-postponed investments in growth.
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As an aspiring entrepreneur, you might wonder what it’s like to start a business after a year marked by the ongoing COVID-19 pandemic. Maybe you’re a little nervous or even second-guessing plans to fully open your doors (physical or virtual) in 2021. In a year as unprecedented as 2020, entrepreneurs showed the world the kind of resilience they and their businesses are made of amid the coronavirus.
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