In Silicon Valley it’s not just who you invest in that matters– it’s also when you invest in them. The earlier the investment, the riskier the bet. But the more jawdropping the returns if the company hits it big. It’s so lopsided, that typically just 5% of those unsure early bets create some 95% of the entire venture industry’s returns. Miss one of them, and it haunts you for years.
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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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When I was in business school, one of the most common things I would hear people say was that they wanted to do something new—like start a company or take an unconventional career path—but that they needed “a great idea” first. That always surprised me a bit, especially at an entrepreneurial hub like Stanford, since most successful entrepreneurs don’t begin with brilliant ideas—they discover...
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After a 10-year run in which Google’s revenues skyrocketed to almost $30 billion, Larry Page is CEO again, and he wants to run Google the old-fashioned way: like a startup. “You can’t understand Google,” vice president Marissa Mayer says, “unless you know that both Larry and Sergey were Montessori kids.” She’s referring to schools based on the educational philosophy of Maria Montessori...
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Imagine that you've just completed version 1 of your product and you're preparing for launch. You’ve greased the wheels with a few bloggers, targeted some keywords with SEO, created a bit of linkbait, and scheduled the press release to launch in the morning. At this point your co-founder turns to you and says: “What are we going to do with the $300 we have stashed away for advertising?”
Most startups don't finish. Thirty percent of new companies fail in the first year, and 50% fail within 5 years. Second time entrepreneurs have a higher success rate than first timers. Programs like Ycombinator, TechStars, Stanford Startup Labs, and other incubators greatly increase the chances of success.
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When I was in college I had no idea what I wanted to do, other than a vague idea of “solving interesting problems.” So, you don’t exactly have to be dedicated to the cause to get a job at a startup. Just express some enthusiasm for what they do, write a kick-ass resume, and the rest is up to your technical ability.
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I've sometimes joked with companies in our portfolio that the best way to deal with a better funded competitor is to use their own relative lack of funding to their strategic advantage. I’m serious when I tell companies that the best way to combat an overfunded competitor is to take advantage of those things that capital constraints naturally bring along with them and I’ve seen it often work very
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Start-ups are always short on time. Here are some tools (products/frameworks/etc) that might avoid you reinventing the wheel and save you some valuable time.
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Last month I hired a part time CFO who will be handling payroll and about a hundred other legal and finance related tasks that I've been taking care of since I started the company almost three years ago. It was tough giving up this responsibility. Until now, I was the only one signing checks, dealing with employment and stock paperwork, going through the stacks of paper mail that's delivered...
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You won’t hear a shortage of reasons to apply for YC, so I won’t get into any of those here (there was also some recent announcement having to do with 150 Kazoos or something). But I’ll tell you one reason why you shouldn’t: if you don’t have the heart and the team to go through five product pivots in three months and back, then you shouldn’t apply to YC.
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