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A few years ago, before the Internet was pervasive, before everyone carried a smartphone and before do-it-yourself software tools were available for free, it was difficult to reach a critical mass of new customers without spending a million dollars on a website, custom software and television adver Read More

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. Read More

Finding your entire team in the same office is a rare occurrence these days. Even small teams may be dispersed across town, working out of their homes or across the world in different time zones. Modern communication tools, including WebEx, Skype and video conferencing are a good start, but virtual Read More

Most aspiring entrepreneurs believe that a great idea alone will assure business success. Experts argue that it’s more important to have a great plan, and personal business acumen. Hardly anyone mentions selling principles. Yet in this age when customers have a thousand alternatives, and are overwh Read More

There’s no such a thing as a unique idea. I bet someone somewhere already had or has quite a similar idea for a startup. Or even if they don’t have such an idea yet, they will have it until you launch your product. Read More

Entrepreneurs often ask me why investors expect financial projections for a new startup even before the product is built and while the market is still being defined. I tell them that the projection process and results are most important for you the founder, to evaluate if there really is a business Read More

Most of the technologists I know inherently believe that the terms inventor and entrepreneur mean the same thing, so they are frustrated and surprised when they build their products and no business evolves. They don’t understand that most great entrepreneurs, including Bill Gates and Steve Jobs, ha Read More

Successful entrepreneurs like Tony Hsieh of Zappos and Chris McCormick of L.L.Bean have long realized that networking is no longer something that you do to get what you want, but requires listening and relationship building to do what the other party wants, with a win-win outcome. We now live in a Read More

If you’re starting a new venture the last thing you want to worry about is investing time and resources in expensive software systems. But that’s not to say you should be scribbling contacts or leads down on the back of a beermat, or doing your accounts with a calculator and a notepad.

It’s all Read More