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Should You Set Up A Fast Exit Strategy For Your Startup?
“So, how long do think it will be before we can exit?” The engineer said to me during his job interview. “Two years? three years?” [Do you want to grow your business? Maybe I can help. Click here.] As politely as I could, I said, “I hate to burst your bubble, but it’s going to…
Read MoreAre You Being Appropriately Frugal And Why It’s So Important?
“I’ve founded three startups, and I’ve never had one that was profitable,” a friend of mine was telling me. You’d think he was a failure based on that statement. [Do you want to grow your business? Maybe I can help. Click here.] Not exactly. He sold his last company for $300 million. But my friend…
Read MoreWhat Are The 5 Rules You Need To Divide Founder Equity?
“How much equity do you think I should give “Frank?”” That was the question “Sam”, the co-founder of a company that I’m working with asked me last week. He was considering bringing Frank on as a late co-founder to the company. [Do you want to grow your business? Maybe I can help. Click here.] “I’ve…
Read MoreHow Do You Compensate A Part Time Co-Founder?
“You should stay at your job until we get funded,” I said to Jeroen. It was September 2008 and Jeroen had just agreed to be our co-founder and VP Engineering. [Do you want to grow your business? Maybe I can help. Click here.] The economy was sinking like a stone and venture capital funding appeared…
Read MoreWhy You Should Offer Your Team Unlimited Time Off
One of the smartest things we ever did was offer our employees unlimited vacation. I know it sounds crazy for startups to tell their employees they can take as much time off as they want, but it’s really not crazy at all. Do you want to grow your business? Maybe I can help. Click here.…
Read MoreHow Do You Really Feel As A Startup CEO?
I’d love to sit here telling you that being a CEO was great, and it was great. Truly, truly great. However, I’d be lying if I told you there was only one feeling I had being CEO. [Do you want to grow your business? Maybe I can help. Click here.] There were times I felt…
Read MoreWhat Are The 11 Biggest Myths About Being A CEO?
Blossom, Avery, and I were at dinner at Nobu in Palo Alto. I looked over at the table next to us and who’s there but Marc Andreessen and his wife. [Do you want to grow your business? Maybe I can help. Click here.] No one was paying attention to them, and no one asked Marc for…
Read MoreWhy You Need Fanatical Cofounders
I’m in the middle of reading Phil Knight’s (the founder of Nike) great autobiography “Shoe Dog.” Actually I’m listening to the book on Audible, and I’m transfixed. [Do you want to grow your? business Maybe I can help. Click here.] I just can’t stop reading/listening. In fact, I’m going to go for a run once I’m done…
Read More7 Tips For Pitching Your Company To Anyone
I’ll never forget how nervous I was before my presenting to a VC for the first time. I was an EIR (Entrepreneur in Residence) at a VC fund based in San Francisco, and we were going to give a dry-run presentation to Dave and Alain, the two VC partners I was working with. [Do you…
Read MoreFive Reasons Why You Should Avoid Raising Venture Capital
Many entrepreneurs don’t understand the cruel reality of fundraising. Just because you want to raise venture capital doesn’t mean you will raise venture capital. Consider this ratio: 100:1. That’s one investment for every one hundred face to face meetings a typical VC will take. Raising money is unbelievably hard. [Do you want to grow your…
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