Always be as hungry as you were when you had nothing. And while passion for your product is important, it is even more important to learn how to manage money. No one talks about that, but it can be the difference between failing and succeeding.
Nelson Gutierrez, founder of Strictly Bicycles, a hybrid bike and coffee shop that sits perfectly on the 9W route for NJ to NYC commuters, has at least 2,000 cyclists roll through on any given weekend.
Read more on how Gutierrez went from 100-hour work weeks to a booming bike shop on OPEN Forum or watch the American Express OPEN commercial featuring Strictly Business to get a peak inside their local business operation.
So, how does one get an investment for an idea that seems obvious? Very simple: Understand what angel investors and VCs are looking for and give it to them. Investors have pattern recognition, and they are driven by four Fs: fortune, fame, fear and fun.
- Jason Calacanis, Founder of Mahalo.com