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Investors are very focused on diligence, on business models that make sense, and those companies that have a definite competitive advantage and defensibility to what they're doing. Mike Napoli: We've revised the way we review companies at the prescreening stage. The ideas and people seeking money are out there in quantity.
community in many ways, including his weekly Internet TV program on entrepreneurism, and participation in several mentoring programs. . Access to new technologies. Are each set of goals consistent with the other’s including for example personal wealth, business success, and autonomy? Addition of new services or product lines.
We thought today for our interview, that we'd get an update on the angel investment environment here in Southern California from Scott Sangster , the incoming President of the Los Angeles Chapter of the Tech Coast Angels , the biggest angel investment group in Southern California. Those are fundamentals that don't change.
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.
According to a recent Forbes article , UC Santa Barbara''s Technology Management Program offers students a superior startup education over the University of Pennsylvania (home of Wharton), as well Harvard, Northwestern and even its acclaimed southern neighbor, the University of Southern California. The TMP is an example of lean academia.
The tech market is filled with many stories of early-stage funding. The science of finding recoveries is based on computer-based algorithms that flag high-potential errors and trained technicians that then review these claims. It’s even more exciting when you can report an exit of a company that is a major win.
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 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?
chapter of the Media, Entertainment and Technology Alliance (METal) and the voice of KenRadio's World Technology Roundup on CBS Radio, Rutkowski has recruited a roster of mentors to coach entrepreneurs who enroll in the institute's programs in LA. What role do the mentors play? The mentors at the L.A.
Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars. Your time is precious, so don’t waste a minute of it on useless activities or dreaming.
During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions for 2019 from Southern California's technology industry. We continue to have a steady stream of industry and thought leaders raising their hands to be mentors for our upcoming cohorts.
New entrepreneurs, especially technical ones, are excited by early adopters, and tend to focus on their feedback, which will always suggest more product features and options. Utilize outside expertise and mentoring. Focus first on finding more of the right customers. Focus on the mainstream customer majority.
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.
I reviewed a deal for a friend of mine tonight. He’s an incredibly smart investor and somebody that I actually consider to be a mentor to myself. He wanted to know what I thought of his technology deal. I always ask when somebody sends me a deal, for example, are you already a shareholder in the company?
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. Challenge yourself to delivering a technical innovation. Driven to reduce personal hardship and suffering.
One of the most original, subscription startups to come out of Southern California's tech accelerator boom emerged last week, looking to disrupt not just another retail sector or e-commerce category, but something else entirely: the airline industry. We take your application and review it.
My initial desire to blog came from something that’s always been my approach to investing – I’m a nerd and I love to play with the technology and part of my approach has really been to understand things both at a user level and at a reasonably deep tentacle level. Brad on blogging. How did you start blogging? “My
Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. For example, I believe Bill Gates would have failed without his partners Steve Ballmer and Paul Allen.
Most of us have blind spots in our ability to build a business, due to lack of experience, too much ego, over-confidence, or unjustified faith in a subordinate. It’s fair to start with what people think they know, as long as you use that to zero in on corroborating evidence and real examples.
I reviewed an email from Kara Nortman, the CEO of Moonfrye who is working on putting together venture debt. I then traded emails with two former senior tech professionals in LA. You may enjoy this post as an example that talks about my first meetings with Brad Feld, Tristan Walker, Justyn Howard and more. Whom to Meet?
Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. Direct customer-facing non-technical roles should be the last ones outsourced. with experience.
Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. A good alternative is to enlist the help of a business mentor you can trust.
You need to be great at something: technology back-end, front-end design, usability, sales, marketing, quantitative analysis, leadership –> whatever. But if you’re not uber talented there is always a “Justin Bieber of technology&# waiting to kick your ass. Foursquare is a great example of this.
To be fair (and as other accelerators in town are eager to point out), Launchpad LA has had a head start, with a number of companies which joined the accelerator before it was an accelerator, and was a mentoring group for a mix of both funded and non-funded companies. Are these the only accelerators in town?
Yet I find, as a mentor and outside consultant, that many of you focus only on working conditions and compensation as the key factors determining team engagement , health, and productivity. I will summarize these here, with my insights, for your review and implementation: Physical health. Intellectual stimulation.
Many of the entrepreneurs I advise or invest with spend considerable time on the Internet, keeping up with technology, customers, and competitors, but very few feel the need for an early personal presence. Consistently review and respond to relevant online feedback. Every future entrepreneur should start by networking.
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.
In my role as mentor and advisor to many founders, I consistently fail in convincing them of the power in wise delegation. Even if you can learn and do everything, time is a killer in this rapidly evolving world of business and technology. You need to divide and conquer. Not trusting key team members to get required results.
You can review all the specifics of this approach in the classic book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. Great businesses begin with a customer problem that has a big and monetizable pain point.
Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. A good alternative is to enlist the help of a business mentor you can trust.
Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. A good alternative is to enlist the help of a business mentor you can trust.
Here I often find that you need to seek and work with a co-founder who can complement your technical skills with financial and marketing to start the business. For example, I knew Bill Gates back in the early startup days of Microsoft. Lead and mentor team members to run all business areas. The team must handle daily tasks.
The nuts and bolts of our tech company is that CMS in the middle, the connection engine. When I went full-time, I did not have the full-time support on the tech side I wanted. So, I have no tech support right now. Which I have shown to do, but anybody who invests in tech, invests in team. It’s a huge challenge for me.
You can review all the specifics of this approach in a recent book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. Great businesses begin with a customer problem that has a big and monetizable pain point.
You can review all the specifics of this approach in a new book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. Great businesses begin with a customer problem that has a big and monetizable pain point.
You can review all the specifics of this approach in a book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur''s Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. Nail the solution. Nail the business model.
For example, if your startup is building a high-tech software product, a dream team of advisors would be a former CEO or high-level exec in another software company, a former software marketing executive, and a former financial executive.
For example, if your startup is building a high-tech software product, a dream team of advisors would be a former CEO or high-level exec in another software company, a former software marketing executive, and a former financial executive.
Based on my recent experience as an angel investor, and advisor to new business owners, I now recommend that all entrepreneurs, especially introverts, learn and practice the discipline they need to build and nurture relationships with key constituents through the following activities: Formalize a mentoring relationship with someone you trust.
The Startup Garage is an incubator which gives preference to USC teams, or startups that are USC affiliated in some way, for example, alumni-led. We don't have the resources to do typical diligence and assessment, so we just piggyback on other deals. It's not entirely exclusive, however.
This is often management’s fault because a long-deck plus financials that arrive the night before a board meeting don’t allow for directors to properly review them. Knowing the broader team helps you to be more helpful to the CEO and helps you be a better mentor or debate partner. Materials should always be 72 hours in advance.
Great technology leads to innovative solutions that are possible, but not necessarily great businesses. For example, hydrogen-fueled engines were invented over a century ago, with a continuing promise of breathing air and exhaling pure water vapor and having over 200 companies active in the hydrogen sector today.
Based on my own mentoring and investing experience, the best entrepreneurs are pragmatic problem solvers. After some review of available resources, I’m convinced that problem solving is a learnable trait, rather than just a birthright. A good alternative is to enlist the help of a business mentor you can trust.
For example, like me, you may be an aggressive, logical, and “get things done” type of person, who created a new product, but is easily frustrated by others around you who are committed, but tend to make decisions slowly, or rely more on emotions than the facts in any situation. Your challenge is to adapt to them.
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