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If you’re an early investor like I am that often means writing the first $2-3 million check into a business that previously had either survived on fumes or on a $500,000 angel round. You’re the coach, mentor, cheerleader. One of the interesting things about being a VC is that you often see companies in transition.
If you want the full SlideShare deck with many slides not in either post it’s in this link –> The LA Tech Market. And of course we have great public companies that have spanned content & communications like J2 Global whose market cap as of this writing is a cool $2.5 “There’s something going on in LA.”
In my experience as a mentor to entrepreneurs, I find that self-doubt and lack of confidence are the primary constraints people have to overcome to move ahead. He writes from first-hand experience, and is now a recognized business leader, motivational speaker, and mentor to many entrepreneurs.
As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans take too much time, are inaccurate, and rarely add value. The size of the document should be based on your style, but 10-20 pages or slides are usually more than adequate to outline even a complex business.
YOU Selling – My wise old friend & mentor, Ameet Shah, once told me after a meeting we had with clients (when I worked at Accenture), “there are two ways to run a meeting: asking or telling. You’re a persuasive guy but be careful not to always be telling people the answer.
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. A perfect size is ten slides, with the right content, that can be covered in ten minutes. Investor and strategic partner pitch. Written business plan.
As a startup mentor and investor, I am approached regularly by aspiring entrepreneurs who assert that business plans are a waste of time. They cite sources like the BusinessWeek story, “ Real Entrepreneurs Don’t Write Business Plans ” and this Forbes article. Writing it down promotes both understanding and commitment.
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. A perfect size is ten slides, with the right content, that can be covered in ten minutes. Investor and strategic partner pitch. Written business plan.
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. A perfect size is ten slides, with the right content, that can be covered in ten minutes. Investor and strategic partner pitch. Written business plan.
I have been writing a series on how startup boards get selected, who sits on them and what to avoid. If I see tons of “update slides” and know that we don’t have an important board decision I might just bite my tongue. I’m sure it’s true but consider writing yourself a note and telling them after the meeting. The thing is?—?no
There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. Writing down key parameters will force you solidify the specifics, and mentally commit to them. Present at trade shows and network with your ten-slide pitch to build your following.
Based on my experience as an angel investor and a mentor to dozens of entrepreneurs, having no business plan is the quickest way to define yourself as just a dreamer, or at best a hobbyist. If you don’t have the time to write things down, or your writing skills leave something to be desired, don’t be afraid to get some help.
When I was creating the slide to introduce the team, he asked to be listed as an iOS developer instead of a designer as he was registered. I met with a lawyer, talked to an investor and a few mentors, all who are serial entrepreneurs to advise me. But a wise mentor of mine said, “Go with your gut! LESSONS AND LAUGHS.
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. A perfect size is ten slides, with the right content, that can be covered in ten minutes. Investor and strategic partner pitch. Written business plan.
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