The last thing a new entrepreneur wants to think about for a new startup is how it will end. Yet one of the first things a potential equity investor asks about is your exit strategy. The answer you give can make or break your ability to get an investment, so you need to have the […]
Leaders must know how to navigate change and put the processes in place for successful change and employee development. But where should one begin?
I’m watching all of the world implode right now — surely there has to be some good that can come of all this madness, right? What happens when the dust settles? Is there some opportunity for me to grow while everything else is shrinking?
Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies […]
I have previously written about how elementary school-aged kids are capable of learning and grasping complex business skills if instructed on such topics, and that the core K-12 curriculum is broken—too much about rocks, state capitols, and cotton gins, and not enough about entrepreneurship, technology coding and other useful skills they may need to succeed in life—especially […]
I offer my perspective on ten common startup failure sources that rarely get admitted by entrepreneurs.
“I’m a cash-poor startup Founder looking to bring on my first employees. I can’t afford full salaries, so what creative options can I use to get the help I need?”
Even though the color of their money is always green, all startup investors are not the same. Struggling entrepreneurs are often so happy to get a funding offer that they neglect the recommended reverse due diligence on the investors. Taking on equity investors to fund your company is much like getting married – it is a long-term relationship that has to work at all levels.
In the current environment with how coronavirus is impacting large and small businesses, putting a focus on e-commerce is absolutely essential. I’ve been in the e-commerce world since 1996 (when Wine Library launched an online store) so I’m a huge believer. But at this point, the cat’s out of the bag. I just can’t imagine anybody not […]
The average length of a funding pitch to angel investors is ten minutes. Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes. The biggest complaint I hear from fellow investors is that startup founders often talk way too long, and neglect to cover […]