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Do you have any suggestions for how to find a good mentor? Great question and I believe that just like finding a Technical Advisor for your startup is critical, finding a good mentor is critical. These are not mutually exclusive and good mentors and advisors get into both. For me, I'd use LinkedIn. Most of us are not Google.
The following is a guest post from Laurel House, an author, lifestyle mentor, and contributing blogger for Campus Explorer. Question: ”Why do I need a mentor? When should I start looking for a mentor and how do I find a one?”. Finding Your Mentor. I an investor in GraphEffect via Rincon Venture Partners. And it worked.
If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring. For one-on-one coaching from the startup founder, I call this approach five-minute mentoring. Marty Zwilling.
Every entrepreneur can learn from a mentor, no matter how confident or successful they have been to date. Most people don’t know that billionaire Mark Zuckerberg , for example, gives real credit to the inspiring mentorship of Steve Jobs for Mark’s Facebook success. Yet most entrepreneurs simply don’t know how to work with a mentor.
Wonderful human being who is civically engaged, mother of 3, mentorer of younger founders, hard worker and arguer extraordinaire (so says her current Twitter bio). She is a coach and mentor to team members. Helped merge company with Seedling – on track to do $20 million combined revenue in 2015 – will now become Chairman).
Every entrepreneur can learn from a mentor, no matter how confident or successful they have been to date. Most people don’t know that billionaire Mark Zuckerberg , for example, gives real credit to the inspiring mentorship of Steve Jobs for Mark’s Facebook success. Yet most entrepreneurs simply don’t know how to work with a mentor.
For example, Lookout is a mobile security company that was founded by three talented graduates of USC. Local mentors matter. I figured if we couldn’t fund every company locally we should at least embrace them as a community and show that we’re willing to mentor them whether they raise their money in town or not.
Those programs--epitomized by YCombinator in the Bay Area, and TechStars in Boulder, Colorado--attract newly minted entrepreneurs with a mixture of cash and mentoring, and a program which rapidly takes ideas and turns them into viable, executing businesses. Those mentors are not just Bruce and I, although we are full time on this.
Every entrepreneur can learn from a mentor, no matter how confident or successful they have been to date. Most people don’t know that billionaire Mark Zuckerberg , for example, gives real credit to the inspiring mentorship of Steve Jobs for Mark’s Facebook success. Yet most entrepreneurs simply don’t know how to work with a mentor.
Thiel and friends will also agree to mentor these young entrepreneurs. We have a severe shortage of talented engineers in this country, for example, and science doesn’t seem to garner as much attention & focus in the US as it does in some other countries. Let me give you an example. Here is their inaugural class.
The core of the investing job of course is investing dollars into startup companies and helping as a mentor, advisor and board member on the companies in which you’ve invested. For example, we’re now already well into our third growth fund that we started in 2015 (the first returned 2x cash in 3.5 So What Does All This Mean?
To give visibility to these companies to: Sources of funding (angels / VCs), business development partners, mentors who have themselves built successful companies, the press and potential employees to hire. One senior mentor to Launchpad LA recently said, “I got more out of Launchpad LA than I even put in.
There is a large menu of startup accelerators in the Los Angeles, but one of more established efforts in the area is LaunchpadLA ([link] The effort actually started as an informal mentoring program, but has grown and expanded to follow the accelerator model. We're really excited for the next steps. Sam Teller: Great question.
To learn more about how women are looking to change the investment climate--and get involved in investing themselves--we caught up with one of the Pipeline Fellowship''s local mentors, the CEO of Beyond Capital Fund (www.beyondcapitalfund.org), Eva Helene Yazhari , who is here in Los Angeles. What is the Pipeline Fellowship?
.” Most VCs view it as their responsibility to mentor, debate, cajole and generally assist with investments they make. Take me for example. Examples include DataSift (San Fran & London), MyTime (SF) and awe.sm (SF). And it is significantly easier to help when you are local. Local knowledge runs deep.
If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring. For one-on-one coaching from the startup founder, I call this approach five-minute mentoring. Marty Zwilling.
For example, if you as an entrepreneur come across as arrogant or too casual, many people you need to deal with in business, including investors, suppliers, and customers, will run the other way. Shares views and learns from a personal mentor. Visibly demonstrate the highest integrity.
The program is basically to take entrepreneurs, pair them with a mentor who is also an entrepreneur themselves, either a CEO or a CTO. It's structured so that they get funding, office space, all of the Internet resources, tools they need from mentors. There might be one or two mentors, one might be a CTO, another, a CEO.
Many startups now go through accelerators and have mentors passing through each day with advice – usually it’s conflicting. For example: 1. Everybody has a blog these days and there is much advice to be had. There are bootcamps, startup classes, video interviews – the sources are now endless. What is a founder to do?
Connections to a mentor. Similar to finding experienced team members, you can use university contacts who do mentoring in the real world. Most schools also nurture relationships with local and former executives whom they use for guest lectures to MBA courses, judge student business plans, and assign as mentors for university spinoffs.
As a long-time mentor to new entrepreneurs and business owners, I have noticed that many no longer associate more fulfillment and satisfaction with more money, power, and success. Mentor others to share what you have learned. It seems that fulfillment to these new entrepreneurs is all about changing the world and legacy.
Those mentors and others have given us really tangible advice. Mentors have told us -- here what your social coefficient looks like, how to make the sharing dynamic work for your business, and then they'll spend an hour or and hour and a half with us, and give us a little more specific information we can apply.
It used to be there was a geographical composition to our prescreening panel--for example, if an LA company, regardless of what they did, applied for funding, the LA network of the TCA would process them. For example, our LA network is having the Fast Pitch on the 24th at UCLA. How are you handling all those applications nowadays?
community in many ways, including his weekly Internet TV program on entrepreneurism, and participation in several mentoring programs. . Are each set of goals consistent with the other’s including for example personal wealth, business success, and autonomy? Example: salary, equity, joint venture, etc… Can the business afford it?
The wisest mentor I ever had was Ameet Shah , my partner on several projects. To give you an example it might go something like this, here is a made up situation that a portfolio company might face: - we currently sell through channels. - He taught me much that I know about critical thinking.
In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first.
Take advantage of free startup programs and mentors. They provide peer group organizations, usually called incubators, with free resources, practice environments, and outside mentoring that can help you learn and pivot with minimal cost. School mentors, professors, and peers will give you the critical feedback without passing judgment.
For example it includes the following kinds of things that a CTO should be addressing, but that may not be part of the expectation, time allocation, etc. Learning, Networking, Mentors From the question, this person is clearly looking at the issue of how to grow into this role. The brain power of this group is amazing.
Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. For example, I remember a classic book by Penina Rybak, “ The NICE Reboot ,” that does a great job of outlining problem solving steps, honed from working with special needs youngsters.
He’s an incredibly smart investor and somebody that I actually consider to be a mentor to myself. I always ask when somebody sends me a deal, for example, are you already a shareholder in the company? I reviewed a deal for a friend of mine tonight. He wanted to know what I thought of his technology deal.
My partner & mentor Yves Sisteron ( You can get to know Yves in this YouTube video ) has been active at HDI for years (as has our CFO, Dana Kibler ). The science of finding recoveries is based on computer-based algorithms that flag high-potential errors and trained technicians that then review these claims.
For example, a couple of years ago, Starbucks' chief executive officer, Kevin R. I often think of the scope of this example in my role as mentor to a struggling entrepreneur who is quick to blame his problems on employee mistakes, or even changing customer expectations.
For the LA event, for example, they will not only have a selection of great LA VCs but also 10+ senior VC women from the SF Bay Area will be coming down for it. 8% of VC partnerships, for example). LA Female Office Hours. So why is this initiative so important for men, women and other gender identities?
The TMP is an example of lean academia. Salty Girl Seafood - Another focus of the TMP is the recruitment and mentoring of women entrepreneurs. A great example of this initiative is Salty Girl Seafood, which is the brainchild to two startup-minded women. Organic Academia.
In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. Thus if you want to change the world with your new business, you need to follow the example of startups like Zappos , which hires according to cultural fit first.
Evan Williams , for example, before cofounding Twitter, started a podcasting platform named Odeo. Both Bill Gates and Warren Buffet , although extremely successful in their own domains, share a great relationship as mentors for each other in learning how to deal with today’s challenging business and social problems.
The best leaders are mentors to their team, and they are stewards of a company’s assets and vision. Your task is follow-up in support, mentoring, and setting goals. Examples include Webvan, Research in Motion (Blackberry), and Tandy (Radio Shack). Leaders in business these days are leaders because people are willing to follow.
To that end, last week, Los Angeles-based MuckerLab (www.muckerlab.com) announced its plans--and a big lineup of local CEO mentors--to start up a new, YCombinator- and TechStars-type program in Los Angeles, headed by former Silicon Valley venture capitalist Erik Rannala , and affiliated with the TechStars Network.
The big thing for us has been those connections to investors and mentors. For example, Chris Louvion, the CTO of Citygrid, is one of our advisors, and Greg Kim of Savings.com is also an advisor. The feedback, mentors, and connections are amazing. What's the worst part of an accelerator?
For example, Elon Musk says he seeks out innovations from his team by constantly asking them how they can make things better, how often they get out of internal meetings and into customer shops, and actively encouraging them to try new things. Spend more time mentoring and coaching your team.
In one of the first concrete examples of the benefit of participating in the local Disney Accelerator , one of the first companies to participate in the TechStars driven program in Los Angeles-- Sphero --is apparently behind the cool, rolling robot, BB-8 , which is heavily featured in the upcoming Star Wars movie. READ MORE>>.
They certainly struggle to find mentors as there is nothing more frustrating than trying to help a company who is afraid to tell you anything. I think a great example right now is turntable.fm. And example is lumping your VC funding announcement into a story about major customers wins, product features or key milestones.
One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” For example, professional investors put great priority on your previous experience in building a business, and they expect to own a portion of the business equity and control for the funds they do provide.
For example, TOMS shoes inspired everyone by highlighting and effectively communicating a higher purpose from founder Blake Mycoskie of helping the needy by donating a pair of shoes for every pair sold. I urge you to assess yours, and listen to friends and mentors, to find and highlight a purpose that perhaps you didn’t even see in yourself.
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