It was a brilliant observation from Tim Huntley of An Entrepreneurial Life, based on an exchange with an entrepreneur. The entrepreneur is stuck in some sort of circular-loop thinking preventing him and his team from making progress. In a rather rare display of self-awareness, the entrepreneur likens his dilemma to a
The infographic below is a very good overview of startup funding, particularly for first-time entrepreneurs, from our friends at Funders and Founders. For new entrepreneurs the chart can be a tad overwhelming. When you’re scraping for your first few dollars from friends and family it’s hard to look ahead
Usually, I am cynical about pithy posts proffering advice such as “5 steps to …” – particularly when it is about becoming a successful entrepreneur, or raising venture funding. Most often, I find these posts written by articulate armchair quarterbacks (who have never really done it themselves) or by what I
(Originally published as a Guest Blog on CX.com on December 11, 2012) Crowdfunding. You’ve heard of it — sexy projects by entrepreneurs who buck the establishment by going directly to the public for funding. Or maybe you’ve heard of the other crowdfunding — fraud, deceit and boiler room brokers bilking
After I spoke about Crowdfunding: Past, Present and Future, at the Arizona Innovation Summit, FunditTV decided to conduct a video interview. During the interview, I talk a bit about my new Crowdfunding initiative, called Propel Arizona.
How soon we forget. I wonder if the next generation of entrepreneurs will be called the ‘Instagram Generation.’ I hope not. Back in April, Facebook acquired Instagram for about $1 Billion. Of course what was most striking was that the company had 13 employees and was less than 2 years old
In 2011 “Crowdfunding” matured from a method to collect donations for small creative projects, to a formidable new way of investing in startups. Battleground 2012 is about whether the US should update its antiquated securities laws to allow for Crowdfunding new entrepreneurial companies. .
1. Crowdfunding Grows Up: 2011 was the year that crowdfunding matured, went pro and on the cusp of mainstream. In prior years, crowdfunding sites were viewed as the only way starving artists and entrepreneurial mistfits could ‘pass the hat’ and get funded – mainly by other altruistic and curious misfits. Crowdfunding sites were derided by traditionalists
Recently Entrepreneur.com (the website for Entrepreneur Magazine) posted an opinion piece called: Why Crowdfunding is Bad for Business I encourage you to read the article in full. But I must say, I found the argument misinformed, to be kind. More bluntly – the argument and article were condescending, amateurish, and uninformed.