"Oh look! Someone just sold a company similar to ours for a million billion trillion dollars. And look at that, they raised a bunch of money along the way. I bet if I had raised money I would be a huge success too."
Whether or not we think about it daily, many of us have this nagging thought in the back of our minds of the "what if?" of raising capital. We picture this alternate universe where we took on investor funding and grew to become the next great darling of our industry.
The problem with that thought process, though, is that it puts "raising capital" in the same bucket as "executing properly" which is very different.
There's a time and a place where raising capital absolutely makes sense, but often we're either not there or we misu...
Great business mentors are one of the most valuable assets a startup Founder can have. They can shave years off of your startup journey simply by avoiding costly newbie mistakes. They can make life changing introductions to investors, customers and key executives. They can accelerate your ability to grow your startup by orders of magnitude.
But they can’t do any of that unless you know exactly how to use them.
On it’s surface, it sounds easy enough – find someone who seems to be an expert and ask them lots of questions. Yet if you’ve ever sat in the business mentor seat as I and thousands of others have done, you know that the value you get is directly tied to exactly how you manage the mentor relationship.
If you have a business men...
Let’s face it, while launching your own business can be incredibly rewarding, it can be also be just plain stressful. We had the opportunity to speak with Charlie Hoehn, best-selling author and launch strategist, about some of his tips for combating startup burnout.
Charlie graduated in 2008 from Colorado state with a degree in Marketing and Media Studies. Like many of us, he didn’t know exactly what he what he wanted to do right off the bat. What he did know was that he didn’t want to work for a big corporation for the rest of his life. Since graduation, he has worked with bestselling authors like Seth Godin, Tucker Max, and Tim Ferriss, and wrote Play It Away: A Workaholic’s Cure for Anxiety. His work has been featured by NPR, The N...
In order to keep their sanity, investors have to look for signals to determine which emails to even open — much less respond to. This is where the art of contacting investors gets interesting.
The most important, by far.
If we had to compare an email sent through a trusted connection with a crappy company versus a cold email with a great company, chances are the crappy company would get a response. That's because investors put so much weight on whether the introduction is being vetted through a trusted friend.
Not if the e-mail never gets opened or read.
The first goal in contacting investors is to get them to even look at you. The second goal is to get the...
–How to hack your calendar to be more thoughtful
–How to never forget your moms birthday
Your calendar can keep you smart about meetings—But, what if we told you it can also make you a bit more thoughtful?
You may have a handful of important dates like your spouse or kids’ birthdays or perhaps some holidays sprinkled in your calendar. But what about all the other “mini anniversaries” and holidays that may be important to others that may not be easy to remember?
A great way to keep you looking 10x more thoughtful than you could ever be is to populate your calendar with a cross section of “events” that you’d love to respond to when they come up. Can’t think of any? Well, friend, th...
Today I’m really excited to share some great news: we’ve just completed the acquisition of Zana.io, a world-class educational platform for startups.
Zana is the brainchild of my friend Shea Tate-Di Donna. While at True Ventures, she created the well-regarded “True University” to help educate their 150 portfolio companies on the best practices for starting a company. That effort led to the formation of Zana as an extension of Shea’s dream to democratize the type of learning often reserved only for venture-funded Silicon Valley companies.
Educating entrepreneurs is one of the most critical initiatives we’ve embraced at Startups.co, and we couldn’t be happier to bring Zana into our family to help drive...
I recently experienced the first time that an employee had been hired, worked in a position for a significant amount of time and then left the company before I had the chance to meet them. An entire employment life cycle had occurred without my direct involvement and influence. (Yay for effective systems that made this happen!). It was one of those times where I had to shake myself out of the denial that we are still a small company. We have grown to 5 businesses across three regions and I no longer see all the new faces upon hire. Though I prided myself on knowing everyone’s name the first few years and I can no longer say that to be true. That said, there are several things I know that need to happen for me to learn someone’s name very q...
Editors Note: Earlier this month Etsy revealed in its Q1 earnings report that the board is replacing Chad Dickerson, who has been CEO since 2011 and took the company public in 2015.
Josh Silverman, who joined Etsy’s board in November, will take over as CEO, while fellow board member Fred Wilson will be taking over Dickerson’s role as chairman of the board. Etsy is also losing CTO John Allspaw.
Dickerson said in a statement: “It has been an honor to lead Etsy as CEO for the past six years and the three years before that as CTO, the Board decided that it was time for new leadership to take Etsy forward and I support that decision.”
Here’s something you don’t hear in today’s unicorn “crushing it!” era of startups: “The...
I read a popular article recently arguing why anti-lean startups are back because lean isn’t a…viable…way for ambitious startups tackling new domains, like artificial intelligence, to take moonshots.
Hmmmm…
As a practitioner of lean startup achieving high growth in Fin-Tech, I’m intrigued with counter-arguments to the methodology.
“Anti-lean ventures, which have what lean startups sometimes lack, customers willing to pay for them. This fact alone upends the usual freemium model!”
Actually, points can be made that lean startups are particularly good with validating market (willingness to pay) risk.
Many lean startup experiment designs like ‘Wizard of Oz’ or...
There are no classes in life for beginners; right away you are always asked to deal with what is most difficult. — Rainer Maria Rilke
In 1929 a collection of ten letters was published under the title “Letters to a Young Poet”, written by Austrian poet Rainer Maria Rilke to Franz Xaver Kappus, a 19-year-old officer cadet. The young officer had written Rilke a letter asking for guidance and they corresponded — the two never met in person. In this piece are “double-quoted” extracts from Rilke’s letters.
When the great business thinker Peter Drucker wrote that the “CEO” title was “an American invention”, he was referring to this label in the organizational charts of large corporations. What’s odd about this title in start...