Without a doubt, Birchbox is one of the hottest startups on the planet right now. They are mentioned in any print, website, or television content concerning beauty, startups, New York, great entrepreneurs, women leaders, or the next generation of IPOs. So, its almost impossible to avoid them.
Sure, you want investors. But sometimes the outsiders most capable of helping your business are those who invest time, not money. And I don’t mean because they lend a credible name to an investor pitch: way too many entrepreneurs look at names on Advisory Board as just a way to expedite a raise. If that’s all you really expect of
Perhaps the most misunderstood topic in the world of startup investing is the question of who the competition is and isn’t. And angels get this wrong just as often as entrepreneurs do.
Of course, we’re all familiar with the inevitable pitch slide on the topic, which features some sort of grid or circle image with – how fortunate! – a
If only there were a single idea that could make any startup succeed, huh? Well, it does exist: a business seed that, planted and watered, will grow to the sky. And you can have it without even giving me a gold coin.
All entrepreneurs know the feeling: your vision is crystal clear, but potential investors don’t get it. They ask small-minded questions. They niggle over details. They hem and haw as the weeks melt away your first-to-market advantage. It’s maddening!
Oddly, perhaps, one of the most difficult decisions entrepreneurs face arises once the company begins to succeed. That’s usually when the first really “strategic” potential investors start to show up, presenting the question: sell a big chuck (or all) of the company at today’s valuation, or double down and go for the life-changing money?
Of course, the most frequent question angels hear from entrepreneurs is: what’s the one key thing investors look for in the funding process? The answer is below, but don’t cheat. You have to read #3 and #2 first.
Of course, Steve Jobs left us a lot of incredible lessons. Unfortunately, some of the really key ones, like “Be a genius”, can be tough to execute (I’ve been trying for years). But one crucial one that you can implement might be called the “Rhythm Method”: imparting a well-known beat to your product and service upgrades.
Possibly the most shopworn
The Miss Universe contest was perhaps the most devastating loss of my life. Oh, not as a contestant… as an “all in” PR gamble that failed spectacularly and essentially bankrupted our startup.
It was all so tempting. We had created the first portable 3D camera: a laser-bouncing device that captured an object’s geometry while a separate sensor grabbed the 2D