No matter where you are in your life, or what path you have taken career wise, you are never too old or young to start up your own business. If you feel like you are missing out on an opportunity or have simply waited too long to make your dreams reality, then you may want to become your own boss.
There is a…
Recently I was talking with a bright twenty-something technologist. We hit upon the topic of how younger generations have started taking…Continue
Added by Damir Perge on April 29, 2013 at 2:00pm — No Comments
When I invest into a company, I not only develop a psychological profile of each member of the founding team, I look at the rest of the employees as well. The people you hire are the ones who transform your startup vision and strategy into execution reality.
No matter how good of a quarterback, wide receiver or running back you have…Continue
Added by Damir Perge on April 28, 2013 at 3:30pm — No Comments
Not too long ago, I was talking about some of our ideas and inventions with a trusted friend. This person tells me, "You know, you have great ideas but they are just too 'out-there'. You've been doing this for so long and no one 'gets it'."
I thought about it for a moment and agreed that up to that point many people did not 'get it' but there were at least 11 people on the team and my wife and advisors and many other people who not only 'got it' but they believed. So I responded that…Continue
Many of us have spouses/significant others who have to be extremely supportive. As entrepreneurs, there is no time clock - we are on the clock 24/7 (or according to Damir's Myth 11 - 26/7). We read the paper and get an idea for a business plan - we read a good book (see links above) and we expand our knowledge - we go to the store and we aren't shopping, we are conducting product research - the switch is…Continue
Added by Boris Western on April 27, 2013 at 7:30pm — No Comments
You're probably familiar with the famous 4P's of marketing: product, price, promotion and placement. You must strategize and execute these 4 P’s if you want to have a successful product. In startups there are 3 P's that are even more important P's: people, people, people.
Did I mention that people are the most important? Without the right people you got no…Continue
There are people out there who will steal your idea - who will make small…Continue
When you choose the life of being an innovator, you eventually feel the pressure to continuously innovate. It’s a double edged sword. The more you innovate, the higher the expectations you set with your customers. At some point, your customers become like little spoiled children—expecting cool, new stuff all the time. This is exactly the case of Apple. I am not…Continue
Added by Damir Perge on April 26, 2013 at 11:00am — No Comments
I have been fortunate to work at Intellectual Ventures Labs in Bellevue, WA. This place is amazing and not just because of the tools and toys they have available to prototype and test inventions but the TEAM. The people I worked with were truly amazing and I am grateful to still call many of them friend and advisor.
IV Labs is built around the mantra that "Ideas are Valuable." When I started my…Continue
While traveling through the St. Louis airport, I got stuck with flight delays. Imagine that. Passengers were packed in the airport like sardines. I walked around but I couldn’t find an empty seat. I needed my "…Continue
Added by Damir Perge on April 24, 2013 at 1:30pm — No Comments
As a venture capitalist, I've seen thousands of business presentations. As an entrepreneur, I have written more than 50 startup presentations over the years. The sequence of slides in the presentation is important. Your goal is to get investors excited about your startup.
Your first page usually contains a short description of the…Continue
Added by Damir Perge on April 23, 2013 at 5:30pm — No Comments
The capacity of your startup is limited by the biggest bottleneck within your organization. You must seek out and destroy every bottleneck in every function and process of the business.
One obvious sign of a bottleneck is large…Continue
Added by Damir Perge on April 22, 2013 at 5:30am — No Comments
The physics behind power law teaches you to respect those freaks of nature I call super hits. As a venture capitalist, you have to understand that not all of your investments are going to be huge…Continue
Added by Damir Perge on April 21, 2013 at 3:00pm — No Comments
A friend of mine has worked in the corporate world his entire business life. This guy is extremely smart. I can’t believe that he hasn’t gone the entrepreneur route yet. But everyone has their own entrepreneur journey to go through at some point in their life.
I've never gone the corporate route, so I can’t understand the mentality of…Continue
Added by Damir Perge on April 21, 2013 at 12:00pm — No Comments
As a junior at Southern Methodist University, I started a corporate advertising agency along with a friend. We developed a cutting-edge campaign to combat drinking and driving among college students. An extensive poll of our college friends indicated they loved the message because it didn’t preach to them about drinking. The campaign…Continue
Added by Damir Perge on April 19, 2013 at 10:30am — No Comments
I see a thought pattern within the entrepreneur mind—the gestation of a vision. Your entrepreneur vision may come to you in a flash, as a Eureka moment, but the clarification and transparency of the vision could go through a gestation period of several years.
Added by Damir Perge on April 18, 2013 at 10:00am — No Comments
The first traditional thing high-tech startups do in Silicon Valley is form a founding team. I was on the phone recently with a friend in Silicon Valley who's been working on a startup in a sector outside of high tech. And because his startup isn't high tech related, he didn’t do some of the traditional things. He hadn't yet formed his founding…Continue
Added by Damir Perge on April 17, 2013 at 3:00pm — No Comments
“I’m tired. I am a night person so I work late at night. But I’ve also learned over the years to be a morning person too."
“You know the saying, ‘The early bird gets the worm’ and it is so…Continue
Here's one business saying that should be modified pronto: The value of the service diminishes rapidly after the service has been done. Here's the change I suggest: The value of the service diminishes rapidly before the service is begun. You should apply this concept to your business as well as to your entrepreneur mind.
I met with a very smart…Continue
Added by Damir Perge on April 16, 2013 at 1:00pm — No Comments
The bigger the bottleneck—the slower the startup. The most important asset in any startup is to have and maintain extraordinary speed. Sometimes bottlenecks in your startup or growing business are small, but…Continue
Added by Damir Perge on April 15, 2013 at 7:30am — No Comments