If you want to keep near-complete control of your business and can make the decisions necessary to keep a business afloat when it's tight, then it may be best to simply make do with what you have.
Entrepreneurs become entrepreneurs because they want to be in charge of their lives. To suggest that they should confirm to a blanket truism or approach completely misses the point.
A new organization, MedStartr, is bringing this concept to health care, where it can be particularly challenging to get a startup off the ground.
You have an idea for a phenomenal company. Problem is you have zero background in that industry, no prior entrepreneurial experience, never got an MBA and can't lean on your family for financing or business resources. At first glance, you're facing an uphill battle. But personal and empirical evidence has proven that it can be done.
In my experience, exceptionally bright, driven, visionary people commonly share a particular attribute: a high need for control. These characteristics are also hallmarks of the startup founder, who brings maniacal focus, evangelical passion and a penchant for multi-tasking to the table.
I've been helping entrepreneurs raise capital as a corporate lawyer for 17+ years, and there are certain fundamental mistakes that I've seen entrepreneurs repeatedly make. Accordingly, I thought it would be helpful to share three basic tips for entrepreneurs in connection with raising capital.
Last night I gave a talk hosted by SVB at their Palo Alto office. I had a ton of fun talking to and answering questions from about 75 entrepreneurs who -- at the minimum -- enjoyed eating the great food and wine that SVB provided on a luscious evening in Palo Alto. Several questions came up about Convertible Debt.
What are the biggest factors in landing your pitch? I had an opportunity to witness what it takes in the flesh while eating breakfast with Brian Wong, a 20-year whiz kid and the CEO of Kiip.