Written by Jay Turo on Tuesday, April 17, 2007
I recently read an excellent blog entry called Failing Cheaper, which discussed, among other things, the flexibility required by new ventures and the decreased amount of capital it now takes to launch a venture.
The entry begins by pointing out that some prominent recent ventures started out doing very different things. For instance, PayPal started out as a service to beam money through Palm Pilots. Likewise YouTube was originally a video dating site.
Written by Jay Turo on Monday, April 9, 2007
Recently I attended an iBreakfast event in New York City. The featured speaker was Roger Aguinaldo, an M&A expert from M&A Advisors. Roger posed a question to the audience regarding the best sources of capital for a startup.
People shouted out their answers. Venture capitalists. Friends and Family. Angel investors. Banks. Etc. Etc.
While Roger wrote all of these answers on the board, he said that each of these answers weren't in his top three places to get initial investments.
Written by Jay Turo on Tuesday, April 3, 2007
A question recently came up regarding whether a founder can re-pay themselves for some of their initial investments in their business once an outside investment is achieved.
Written by Jay Turo on Tuesday, March 27, 2007
According to the 2006 Angel Market Analysis released yesterday by the Center for Venture Research at the University of New Hampshire, in 2006, the angel investor market experienced steady growth. Total angel investments reached $25.6 billion, which represents an increase of 10.8 percent over 2005. According to the study, 51,000 entrepreneurial ventures received angel funding in 2006, a 3 percent increase from 2005.
Written by Jay Turo on Monday, March 12, 2007
In the 1989 movie "Field of Dreams," a corn farmer hears voices telling him to build a baseball field. The voices say, "If you build it, they will come."
Unfortunately in the world of startups and technology, often people build it, but no one comes. The missing element for these ventures is effective marketing. If no one knows about your great invention, website, or product/service, no one will use it or buy it.
Written by Jay Turo on Wednesday, March 7, 2007
I recently wrote a post entitled Smugness Equals Entrepreneurial Opportunity that suggested that a business that acts smugly or arrogantly should be sending a welcome message to entrepreneurs to steal their customers from them.
Written by Jay Turo on Tuesday, March 6, 2007
If you manage a new or growing venture, chances are that you spend a lot of your time in meetings. Among others, meetings are critical to strategize new opportunities, assess different ways to accomplish tasks, set and update goals, and to ensure that all team members are aligned.
However, since ventures must focus the majority of their time and efforts on executing opportunities, there is a significant risk for them to spend too much time in meetings strategizing. This article provides some tips to keep meetings effective.
Written by Jay Turo on Tuesday, February 27, 2007
Several years ago I attended a lecture given by a former Procter & Gamble executive. In his speech, he mentioned that a significant portion of households pre-wash dishes before putting them in the dishwashers. (I just found a 2002 Arthur D. Little, Inc. report that said that 15% of households pre-wash their dishes.) The executive smugly commented about how this was great for P&G -- they made money both from the sale of dishwasher detergent and dishwashing soap.
Written by Jay Turo on Monday, February 12, 2007
My son wanted to stay home from school the other day. He wasn't really sick; just wanted to stay home.
I asked him what he was going to do if he stayed home. The list went on and on -- watch this DVD, watch this show on Tivo, play this video game, etc.
Written by Dave Lavinsky on Wednesday, February 7, 2007
I recently reviewed the book "PRIMAL BRANDING: Create Zealots for Your Brand, Your Company, and Your Future" by Patrick Hanlon and wanted to share my thoughts on it with you.
It's truly awesome. Here's the scoop. Hanlon worked in advertising for many years for Fortune 500 clients. A few years ago, he asked himself the question: What is it that gets consumers to bond with brands like Google, Apple, Mini Cooper, Coke, Disney, Starbucks and Nike and not others?
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