This image is not what The Startup Curve looks like according to Paul Graham and Fred Wilson, VC and principal of Union Square Ventures.
“To all those entrepreneurs whittling away in their offices trying to find out when to release their product to the market, I say “get on with it”. You are going to have to go on the roller coaster ride at some point. Might as well start now.” - Fred Wilson
(via A VC: The Startup Curve)
To do the deal or not to do the deal: that is the question asked of many young startups.
These five tips from OPEN Forum will help ensure you make the right decision.
1. Assess opportunities and make decisions quickly.
2. Understand the difference between money and revenue.
3. Money deals distract your company.
4. Debate the assumptions, not the partners.
5. You cannot always measure the big opportunity.
Read more on making the right business decision on OPEN Forum.
(via 5 Ways to Tell if a Deal is Bad | | The New OPEN ForumThe New OPEN Forum)
“In the words of Sir Richard Branson, ‘Screw it, just do it,’” says El Brown, founder of KinderJam, a company that facilitates music and movement-oriented tactile learning programs for children. “That’s what I tell every mother who wants to start a business.”
In just four years, this mompreneur has met Oprah and expanded to 11 states and eight countries. Read more on El Brown’s startup success story on OPEN Forum.
“You cannot delegate vision,” stated CEO of Ariat International, Inc. Beth Cross (MBA ’88). Read why Cross believes entrepreneurs should picture massive success from day one: http://stnfd.biz/kBHgw
Andrea Chen, executive director of Propeller, the latest rising-star accelerator and co-working company in New Orleans, hosts 36 companies comprised of social entrepreneurs.
Here are Chen’s five tips she offers to those considering starting a social enterprise:
1. Measure your impact
2. Define your market
3. Know your competition
4. Marshal the right resources
5. Plan for the worst
Read more advice from Andrea Chen on how to launch a social venture on OPEN Forum.
Venture Capital in New York, Q1 2013
By Andrea Moore, Project Manager, Economic Research & Analysis
Last week, the National Venture Capital Association (NVCA) and PricewaterhouseCoopers released their most recent quarterly MoneyTree report, which provides information on U.S. venture capital deals and investment dollars. StatsBee wanted to take a quick look and assess how New York State did during the first quarter of 2013.
New York posted another solid quarter of venture capital investment, especially from a year-over-year perspective. Deals are up 22.5% since Q1 2012, and investment dollars posted a 71.7% increase over the weak Q1 2012. Compared to the last quarter of 2012, which was very strong, both deals and dollars fell slightly in New York. Deals fell 9.4% from 96 to 87, corresponding to a 17.3% decrease in investment dollars. However, the first quarter has been soft in recent years, so these results augur well for 2013.
For ongoing and in-depth analysis of venture capital investments and the tech sector in New York City, don’t miss the inaugural edition of NYCEDC’s new publication on Technology and Venture Funding, coming soon.
Click here to embiggen (see full infographic)
Use this infographic to understand the risks, reasons and costs to starting a startup.
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
Click here to embiggen (see full infographic) from OPEN Forum
In today’s entrepreneur-obsessed era, startups are growing like weeds in every industry. But how many of those new businesses develop into financially stable companies? Sadly, not as many as you’d think. It’s no easy feat to bring a new idea to life, but the challenge quickly switches from “starting up” to designing a sustainable and profitable business. Bravo to those who have sprouted their startups, that’s half the battle. Now use these business edicts to nurture and grow your seedling into a lucrative and prosperous company.