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We asked members of Entrepreneurs’ Organization (EO) , a global, peer-to-peernetwork of 14,000-plus influential business owners, what lessons they wish they’d known to ensure ongoing success before starting their companies. “If Validate product-market fit. “Do Leverage others’ experiences. Beware of overbuilding.
The critical skill is not just your immediate network but the network beyond that you can tap into if you’ve earned the right through nurturing your 1-degree relationships. Building Your Network. Either you have a well established network or you don’t. “I know mothafuckas who know mothafuckas.”
So it’s really hard to draw too many conclusions about whether the investment really makes sense because often you learn stuff in the fund raising about the future strategy of the company that might make you much more excited than somebody on the outside might be. Peer-to-peer lending is back! Others I have not.
From navigating complex regulations and securing funding to connecting with and growing a network, entrepreneurs in Vietnam face a unique set of challenges as they build their businesses: Access to capital: Securing funding for a new business can be elusive, particularly for startups. Talent shortage: Skilled employees are hard to find.
She hasn’t raised any venture capital. She drove her company to profitability before paying herself a modest salary. She leveraged herself and even sold many of her possessions to get started. And when her assets were tapped she rented out her bedroom and even her couch on Airbnb to afford her year-one operations. More on that later.
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.
What is the right organizational strategy for a large UK conglomerate to operate more effectively? What would the right technology strategy for Telecom Italia be in 5 years. This weekend was Yom Kippur, holiest of the Jewish holidays and the day of atonement. ’ The correct answer is ‘I don’t know.’
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Intrigued and optimistic, I joined with the intent of expanding my business and network. In hindsight, the difference back then was that I lacked a strong network of peers and mentors to call me on my misunderstandings and mistakes. There is so much more to leadership that builds community and creates impact.
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The other day, I got interviewed for Business Insider. It was a good interview, save for that little vein that I had no idea was so prominently featured on the side of my head--but what's a bald guy to do? At least it's not a weird fold in the back or a dent at the top. All hat and no cattle as they say. How about as a VC? And you know what?
When incoming EO Malaysia Chapter President, Felicia Lim, was cracking her head over the ideal venue for our latest Strategy Summit, the location of Jakarta, Indonesia, wasn’t even on the short list. Tang Ching Leng, Managing Director of Sinwah Industries. In fact, Hanoi, Vietnam, was our final choice after weeks of painstaking planning.
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Every year I try to answer the question of “what has changed in the Venture Capital industry” and this year my colleague Chang Xu and I took a deep dive through the data and called many of our peers for confirmation. Others believe that new business models are emerging that could replace venture capital all together. More on that later.
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Industry Expertise You don’t need a peer from another startup as your independent?—?you you can build that with your personal peernetwork. It can start 2–1 founders to investors and then sometimes moves to 3–2 but sometime around the A, B or C round the idea of “independent” directors comes up. Yes, this is a thing.
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