With all the news about hundred-million-dollar rounds and billion-dollar valuations, it can be hard not to look at the world of entrepreneurship and angel investing as a thrilling ride that only has one stop: success. But to be a successful entrepreneur or serious angel investor, you must have a realistic understanding of the startup failure rate and internalize that, in
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This is a grim fairy tale about a mythical company and its mythical founder. While I concocted this story, I did so by drawing upon my sixteen years of experience as a venture capitalist, plus the fourteen years I spent before that as an entrepreneur. I’m going to use some pretty simple math and some pretty basic terms to create
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Many entrepreneurs seems to be convinced that the “crowd” of regular people using the Internet will somehow solve their startup funding needs, when they sense a lack of interest from accredited investors. Professionals maintain that there is plenty of money and equity for qualified startups, and funding marginal startups via any source will only make more people unhappy.
Well-known crowd-funding
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Take your choice (these are both real, honest-to-God pitches, and I’ve got the originals in my possession):
Contestant A CluelessCo is an internet startup company seeking $2 million of equity financing to fund our company for at least one year. CluelessCo will become the main consumer outlet for the internet, digital cable and satellite TV, and cell phones and PDAs.
Every startup with any traction quickly reaches a point where they need to hire employees to grow the business. Unfortunately, this always happens when pressures are the highest, and business processes are ill-defined. At this point you need superstars and versatile future executives, yet your in-house hiring processes and focus are at their weakest.
The result is a host of
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It is clear that AIs and VCs are worried about CrowdFunding … but wait .. CrowdFunding produces qualified and concept tested entrepreneurs and with crowd of followers and buyers . CrowdFunding is 6 years old in Australia with a great success . One last element , Business lending is in its 12 year low , what you recommend Start ups, SMBs and entrepreneurs to do short of begging ? LA Mayor is forced to work with Kiva (a Micro lender ) to get micro loans ( 7k and less ) …. Banks are also gambling ( i.e Dimon jp morgan) and not investing in SMBs.. Any idea or just criticizing a good idea . Do you know people were saying the samething wne NASDQ started ???? Do you know CrwodFunding was the way America was built before Banks and AIs and VCs..