Everywhere I go in Silicon Valley I hear people discussing their angel investments. The conversations remind me of fish stories. People love recounting the one time they caught a big fish, not the many futile hours they spent waiting for a bite
Nobody ever tells you that starting and running a business is really tough. The first 5 years are all about survival. This is the essence of what Multi Billionaire entrepreneur Richard Branson talks about in this rare interview filmed on Necker Island.
I get a lot of questions around how to get into startups. Here’s my advice:
When “lean startup” first came out, it was greeted by two erroneous responses:
“this is a roadmap to guaranteed success!”
“thanks Captain Obvious, but we already do this”
However, lean is not:
While sitting in a group of young entrepreneurs at a panel discussion in Mountain View last month, I was struck by how many of them felt like they needed investor money simply to validate the existence of their companies.
Here’s how I have created the beginnings of a profitable Kindle formatting and conversion service, LiberWriter, from scratch.
We are coming to the end of the Financing Options series. This is the final post in the series. Today we are going to talk about working capital financing.
I converted my startup from a California LLC to a C Corp. Our business had changed over the past year and I’d like to convert it back. Is this possible?
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