Every startup success is a function of great people, products, and profits. But there is no magic formula on how to bring these together a second time, but there are some good insights on the parameters in a classic startup business parable, Endless Encores.
Why are we perfectly comfortable using money as the metric for startup success at the expense of pretty much every other aspect of our lives? When we use money as the only metric, what other compromises are we making to get there, and frankly, is it even worth it?
During our recent ‘Moving up the Ranks’ Zoom panel, an amazing group of speakers across various startup industries, Gary Kleigman, Jamie Coakley, Grace Ouma-Cabezas, and Zofia Ciechowska, delved into a wealth of topics relevant to anyone in a startup environment. They shared how they progressed in their own careers, how to successfully make a career pivot, and went deep […]
The seven capital assets that are the core required to create a thriving entrepreneurial ecosystem, and produce real economic value for your startup and the rest of us.
Why do we talk about how big our startups could be before we talk about how likely we are to get there? What’s the point of going after a billion dollars if we can far more likely achieve a million dollars? Who’s really driving these decisions?
Pitch decks come in a lot of flavors. We’ve seen five pages, we’ve seen fifty. We’ve seen them sparsely punctured with bullet points, we’ve seen what might have happened if David Foster Wallace wrote a novel in PowerPoint. Where’s the golden mean? What can you throw away and what sparks joy?
The notable startup fundings for the week ending 8/15/20 featuring funding details for Fanatics, Nurx, Omaze, and much much more.
Just because it was your idea doesn’t mean you “deserve” 90% of the equity. The value in a startup is all about tangible results, so I see no equity value in the idea alone. Thus the real discussion must start with who will be doing the work, providing the funding, and delivering results. Each cofounder should get equity for value, based on these key variables.
Chaos followed for most businesses in the wake of the Coronavirus: the stock markets crashed, product demand fell and unexpected losses started to build up. Most businesses did everything they could to batten down the hatches to help them best weather the storm, including stopping all discretionary investments. But, should they have? Most great investors, like Warren Buffett, have been quoted as saying their highest return investments were made during the middle of economic downturns. So, theoretically, your highest return investments could be made right now, during the peak of the negative economic impact coming out of COVID-19. So, instead of retreating right now, you may be best served long term by accelerating your long term investment efforts, if you have the capital to do so. Allow me to explain.