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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. Fortunately I was mostly a technology consultant, which meant that I coded computers, designed databases and planned system integration projects. People throw them around at cocktail parties. I say it deadpanned. It’s irony.

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Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

This concentration is partly due to natural causes – successful startups spawn other successful startups. If the tech community believes that a certain area is the epicenter of a particular industry, motivated entrepreneurs will start their ventures in such locations, thus reinforcing the geography’s perceived advantageousness.

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10 Entrepreneur Approaches That Turn Off Investors

Startup Professionals Musings

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Attached is a copy of my full business plan for your review.” I don’t have a business plan, but the technology is disruptive.”

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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. Size of gross margin.

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Catalyzing Innovation In Pasadena, with Innovate Pasadena

socalTECH

As much as the idea of "Silicon Beach" wants to represent the whole of the local technology industry in Los Angeles, there are -- as one would expect in such a large metropolitan area -- many different neighborhoods and communities spread across the region, all with their own individual identities, companies, and technology focuses.

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Smart Entrepreneurs Plan Ahead For A Startup Exit

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. If the entrepreneur plans to grow the company into a family business, or keep it private, they will either never be interested in buying out investors, or will certainly not be motivated to provide the 10x return that investors are looking for.

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Entrepreneurship Is A Compulsion, Not A Choice

InfoChachkie

These entrepreneurs do not risk everything, work outrageous hours and put themselves under extreme pressure because they want to. If it were a decision to be an entrepreneur, then most right-minded individuals would decide to turn back when they encountered the first inevitable startup crises. Entrepreneurs want to matter.

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