Category: Managing start-ups

  • Early customers often have strong emotional connections to start ups.  After all, they bought the unproven software from a tiny company with shaky finances, sometimes putting their own careers on the line to convince senior executives that already purchased SAP or Oracle suites could not solve the same problem.  They took a lot of risks…

  • Many of us remember the line from Shakespeare's King Henry IVth: First, let's kill all the lawyers!  That has now been replaced by let's kill all the bankers, mortage brokers, investment bankers, etc.  Certainly, the current financial malaise will make things more difficult for entrepreneurs and their start ups. But there hopefully is a bit of…

  • Jason Calacanis, founder and CEO of Maholo, and founder of the Silicon Valley Reporter, has posted an interesting piece on how to get free PR for your start-up. Although a number of his suggestions are pretty outlandish ( but worthy of the media guy he is), the basic ideas have a lot of merit and worth a…

  • It's rare that the venture capital community, or it's legal advisers, give anything away free.  But Y Combinator, a Cambridge, MA based incubator and Wilson Sonsini Goodrich & Rosati have made available a full set of Series AA (angel round) documents on Y Combinator's website. I have looked over the documents and agree that they…

  • Wilmer Hale, J. Robert Scott and Ernst & Young LLP, in association with Harvard Business School. conduct a yearly survey of private company executive compensation by title (CEO, CFO, SVP Marketing, VP Sales, etc.). The Compensation and Entrepreneurship Report in Technologyoffers a comprehensive analysis of private company executive's compensation in the Technology industry, a sector…

  • Most of the business plans I read involve hiring local professionals to develop, market and sell the proposed product.  Just so my readers do not cast me as non-supportive of American jobs and workers, I fully support hiring the best available talent to launch your company.  But it's my money that you are using and…

  • Many economists are arguing that we should let the financial institutions that made poor investment decisions in exotic financial instruments fail and get on with life via a pure, free market clearing solution.  The implication is that all will be better faster if we let the markets clear out the garbage quickly and assumes that the…

  • So Uncle Henry has written the $250K check to launch your company, in return for 25% ownership. Great news.  You can now start assembling a small team to write that code and find the first customers. But wait.  Don't forget to file your Form D with the SEC.  Under Regulation D–Rules Governing the Limited Offer and…

  • Successful start ups often attract major customers, so called innovation buyers, who end up getting an inordinate amount of time and attention from the entrepreneurs and employees.  Innovation buyers are leading-edge companies who want to have all the latest technology to manage their operations. These buyers seek out start ups with interesting solutions, assign staff…

  • I have been a fan of Blueprint to a Billion by David G. Thomson since the book was published.  Executives in most of my portfolio companies have read the book and applied many of the principles.  No billion dollar exits yet for Dave, but there's always hope.  There have been a number of knock-off books…