A startup's initial business plan doesn't matter that much, because it is very hard to determine up front exactly what combination of product and market will result in success.
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It is a exhaustive list of 'must read' entrepreneurship related resources (like startup news, stories, product videos, related books, startup jobs, etc...) updated daily for startupper minded individuals. Initially, this was a site which I have been using to bookmark startup and related resources for the last few few years. This service can sure as a similar tool for 'like minded' risk takers and wealth creators.
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The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By. There are far more entrepreneurs than most people realize. But the failure rate of new businesses is disappointingly high, and the economic impact of most of them disappointingly low, suggesting that enthusiastic would-be entrepreneurs and their investors all too often operate under a false set of assumptions.
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Demo Day is over and my inbox is flooded with emails from investors, journalists, prospective business partners, and time wasters (no offense, we just don’t need help with hiring right now). YC w2011 is coming to a close and it is truly bitter sweet. While it's been an intense program and I am glad to head home to my own bed, my friends, my familiar restaurants and more, I will leave behind...
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Eric Firestone began a new job at a Web start-up here three weeks ago, and he’s already thinking about what he might do next. But that’s just fine with his new employer.
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The only question your startup needs to answer: What's your one thing? So, as you sit there pondering whether your startup is going to make it or not, I encourage you to think carefully about this one question. What’s your one thing? Recognizing it early on is critical. Write it on the wall. Repeat it every day.” Our one thing is _____. We will only do this one thing.
I am quite comfortable saying that luck and perseverance were two of the top factors for us. It wasn’t really the team, the product, the almighty traction, or the social proof. It’s a crazy crap shoot out there, and people are raising money and people are failing all around us. Teams with no traction are raising at huge valuations, and teams with tons of traction are crashing.
This is the last in a series of posts about fundraising from VCs. The first post explained how the various series of funding (e.g. Series A, B, C, etc.) differ from a seed round. The second post focused on best practices for raising a Series A or venture round. This last post lists the set of questions you should be able to answer (and will likely be asked) when raising a round. Thanks to Sat
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There has been a lot of noise in the Valley lately about how most seed stage deals are now being done as convertible notes. In fact, PG from Y Combinator has proclaimed that that it is how things will be going forward. That might well be so, but I for one am not a fan of convertible notes. I may be well be in the minority in the Valley to think this way — especially so as a seed stage investor...
VC’s grill entrepreneurs all the time about how they will win vs. their competitors. What’s your “secret sauce”? How do you have an “unfair advantage”? How do you “get to first base” in light of many other competitors?
Startups are easy. Companies are hard. Well, I want the word "startup" back! You build a startup to test an idea and then you build a company to execute that idea. Let's get back to that distinction. No more romanticizing about how cool it is to be an entrepreneur. It's a struggle to save your company's life — and your own skin — every day of the week. When this bubble blows up — and it will...
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