Once you’ve raised funding, your board meetings will likely become a lot more serious. Prior to raising capital your board likely consists of the founders and that’s it. After funding, your investors will want a seat at the table (and maybe more.) Boards are often setup with 5 people (2 founders, 2 investors and an […]
Startups Need to Make Leaps of Faith, But Not Blindly
In startup land, we all make leaps of faith. I think it’s part of being an entrepreneur – you need to have just enough confidence, startup swagger and insanity to jump … and figure it out before you crash. And I don’t think leaps of faith ever completely go away, even if you follow a […]
Being Plugged In
For entrepreneurs, there’s no excuse for not being plugged in to what’s going on in the startup world, both locally (wherever the entrepreneur is located) and globally. This is especially true for entrepreneurs that don’t live in startup hotbeds like Silicon Valley. Entrepreneurs tend to move more slowly outside of startup centers. There are some […]
What Role Does Ego Play in Entrepreneurs?
Entrepreneurs need a very healthy ego to succeed. Many might be self-effacing and humble, but there still has to be a deep-seeded, positive sense of self and ego. Some might call it drive. That’s part of it. Courage and belief in one’s own abilities is also important. Natural leadership qualities and a desire to lead […]
Misplaced Passion is Common for Early Stage Entrepreneurs
When entrepreneurs are so driven by passion that they’re blind to the realities around them they often find themselves in big trouble. But what we see quite regularly at the early stages of startups is not too much passion but misplaced passion. Ask yourself this question, “Are you more passionate about the problem you’re solving […]
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