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In my experience working with startups, the best approach these days is to find and use a good mentor (been there, done that). Of course, mentoring is not new – it’s been the favored way to learn arts and crafts since way back in the middle ages. But I assert that mentoring in business is making a comeback.
I had realized that I didn’t have it within me to be as good of a player as many of them did but I had the skills to help as mentor, coach, friend, sparing partner and patient capital provider. We had lamp shades on our heads, tequila in our glasses, loud music and perhaps too much sand, and burning men, and art exhibits and tres commas.
In addition, something interesting in happening in Tennessee, with the advent of hands-on venture firms like the Lamp Post Group and innovative ventures, such as PriceWaiter. Convert Graduate-Founders Into Mentors. Bringing an accelerators’ graduates back as mentors provides value to the next class, certainly.
Codeita lets you design, code, and publish all from a cloud-based LAMP development environment. Mark founded Launchpad LA, a program designed to help mentor LA’s most promising first-time startup CEO’s. Investors include Ron Conway, Ashton Kutcher, and Brian Solis. Full Disclosure: Matt works for CitizenNet.)
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