Here’s a gutsy move, but one that could pay off extremely well in the long run. According to TechCrunch, Angel investor Yuri Milner and SV Angel have just laid down an offer that will be exceedingly difficult to refuse: $150,000 to every startup in the current Y Combinator, plus every group to come. While it’s great news for the 40-some hackers who are hoping to claw their way to victory right...
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From an entrepreneur’s prospective (I’ll be doing Y Combinator for the second time this summer), this is fantastic. Obviously the news has generated some debate, with some saying Yuri Milner may be a threat to Silicon Valley, and people are forgetting that this is simply an offer, and not an obligation to the startups, that any investor could have made previously too.
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Shawn Fanning created Napster in his dorm room at Northeastern. It was the fastest-growing application in the history of the Internet. We changed the world but failed to achieve business success. Here is a glimpse into the inside story of Napster, and at the end, some lessons learned for entrepreneurs.
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Last week, I had the honor to interview social media superstar, Gary Vaynerchuk. A man who really needs no introduction, he’s one of the most influential internet celebrities out there with over 800,000 followers on Twitter! He’s also the star behind Wine Library TV, an online video blog about wine that attracts over 90,000 views a day, as well as the author of the forthcoming book, Crush It: Wh
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There has been a lot of talk about bringing Silicon Valley to other parts of the country–or world. About what makes Silicon Valley unique, and how to replicate it. As someone who lived in the Valley for 10 years and created a successful technology company there, and who now lives in a decidedly less-tech-heavy area (San Diego), I have a unique perspective...
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I spent last weekend in Utah at BYU as a guest of Professor Nathan Furr, (a former Ph.D. student of our MS&E department at Stanford,) where they are set on being a leader in developing the management science of entrepreneurship. The most visible step was the first International Business Model Competition, hosted by the BYU Rollins Center for Entrepreneurship and Technology.
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So, if you’re shouting from the sidelines that the European technology industry is no more than a collection of tribute bands, you’re clearly not paying attention. (Incidentally, how would you describe the latest wave of mobile photo-sharing start-ups in Silicon Valley?) And if you’re an entrepreneur complaining about Europe not being a good place to build a company, I have some simple advice for
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How did these people grow rich? Mostly through their own efforts. Only 16% of high-net-worth individuals inherited their stash, according to Capgemini. The most common way to get rich is to start a business: nearly half (47%) of the world’s wealthy people are entrepreneurs.
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The lack of women in tech startups seems a perennially hot topic. I’m keenly aware of this problem because I see so many founders, and so few of them are women. I’m delighted to have 6 women at YC this winter (including an all-female founding team!) but the overall percentage of female founders we fund has remained constant over the years at about 4%.
Choosing co-founders I saw a few posts flying around for entrepreneurs looking for co-founders, and a lot of my startup pals have asked me to hook them up with potential suitors. If you have a good open relationship that makes such questions not-at-all awkward, you’re good to go. However, if this makes you uncomfortable or offends the other person, the relationship is doomed, and with it, possibl
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