What exactly is corporate culture? Can we see it? Does it emanate from a business plan, an un-written code of ethics, or a placard on the wall? Last night we got to sit in on a fireside chat with Ben Horowitz (VC, Andreessen Horowitz) and John Zimmer (Co-founder, Lyft) to discuss culture, and moreover, the …
WHAT? YOU DON’T LOVE MY IDEA? To Survive a Startup, First, Kill Your Ego If you’re the type of person, like I was in my 20s, who was seeking encouragement from others to continually reinforce your ideas, beliefs and path, get ready to get shook up when you start a company. Encouragement comes and goes, …
What truly sets an Entrepreneur apart? Her ability to imagine what could be, and more importantly, her unwavering drive to bring forth a new reality to ameliorate the world. This quote by George Bernard Shaw inspired me to become an #entrepreneur when I was 19 years old. Sometimes all it takes in life is one phrase, one …
Knowing what to work on when, is at the crux of successful startups. Well, no one ever told me that starting a business can be broken down into 3 key areas. It seemed like it was all happening at once, in a giant hairball of a process, and it was virtually impossible to figure out …
Startup Tip of the Day One of the most confusing areas for first time founders is managing the capitalization table, often referred to as the “cap table”. The cap table outlines all equity owners, the percentage of ownership of stock, debt or convertible debt (debt that turns into equity at a given date …
Can’t find your passion? Don’t worry. My Father used to tell me, “Do what you love in life, and the money will follow.” There’s some truth in that. For me however, I discovered a passion for the entrepreneurial journey, not just the product I was selling, the industry I was serving, or the …
Failure is not a final destination (unless you choose it to be) — failure is an endless journey that moves us continually, and uncomfortably forward, not backwards. Every entrepreneur with a failure under his/her belt has at least a half dozen excuses for why the dream just never materialized. Shoulda, coulda, woulda…dissolved. Failure is a …
Startup Tip of the Day: For most first time entrepreneurs, it’s fairly common that 98% of them spend months and months (sometimes years even) marinating on their “big” idea, but fail to get it going. How come? They write the 50 page business plan. They build the 5 year proforma statements …
Here’s your Startup Tip of the Day: It’s easy to be excited when you’re in the trenches of a new startup. The fresh office paint, the new sign hanging outside of your office door, the stack of printed résumés seeking a slice of the dream and an option at equity, and the creation of …
Here’s your Startup Tip of the Day Happy Wednesday Founders! In traditional corporate finance, you typically learn the 3 most important financial statements: Profit & Loss (P&L) (or Income Statement) Balance Sheet Statement of Cash Flow A Profit and Loss (P&L or Income Statement) will indicate the overall income, cost of goods sold, gross profit, …
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