Posts tagged startup

How do startups that go through accelerator programs scale so quickly? One reason is because they collaborate with and get advice from peers outside of their industries.

“Every Tuesday we come in here and go over everyone’s fundraising deck,” says Maisie Devine of Poacht, a candidate-minded recruitment platform. “Everyone gets feedback on what they’re seeing and what’s confusing. When I think about my deck before I came into this program and where it is now, you wouldn’t even believe it came from the same person.”

Read on for two more reasons why accelerated startups see results faster.

What will the sharing economy—think Airbnb, Lyft, Uber and other companies that make it peer-to-peer sharing easy—look like in five years? OPEN Forum asked the experts, and they gave us their best guesses. 

Read more on OPEN Forum’s “Sharing Economy 2.0: Sharing a Peek at the Next Generation

Airbnb photo from Flickr user: Jay Galvin

Want to start a new venture or diversify your current small business? There are some fields you should consider. Here are the five best industries to start a small business in, courtesy of Mashable.com.

4 Reasons Why You Should Pay Yourself More ASAP

  1. To avoid being a crutch.
  2. To make yourself replaceable.
  3. To keep from resenting your business.
  4. To become more efficient.

To see what we mean, read small-business expert Mike Michalowicz’s take on the importance of paying yourself what you’re worth on OPEN Forum.

Dinner Lab, the New Orleans-based startup that lets chefs experiment with food and get direct feedback from guests, could change the way chefs create menus and restaurants. 

Read more on OPEN Forum.

You have a great idea, and can’t wait to get started. But how do you get the funds to turn your dream into a reality? Alley Watch has some great advice on getting your business funded, whether through bootstrapping or microloans.
(Flickr user: 401 (K) 2013)

You have a great idea, and can’t wait to get started. But how do you get the funds to turn your dream into a reality? Alley Watch has some great advice on getting your business funded, whether through bootstrapping or microloans.

(Flickr user: 401 (K) 2013)

"My strike zone is when other people are underestimating me. I’m going to get through every obstacle and leave them with their jaws dropped.“ — Zoe Barry, a young entrepreneur with zero experience in the $1 billion specialty prescription industry she’s disrupting now with her company, ZappRx.
Via OPENForum.com: “ZappRx: Small Steps Make a Big Impact in Health Care”

"My strike zone is when other people are underestimating me. I’m going to get through every obstacle and leave them with their jaws dropped.“ — Zoe Barry, a young entrepreneur with zero experience in the $1 billion specialty prescription industry she’s disrupting now with her company, ZappRx.

Via OPENForum.com: “ZappRx: Small Steps Make a Big Impact in Health Care

Just as the way to get startup ideas is not to try to think of startup ideas, the way to become a startup founder is not to try to become a startup founder.
Paul Graham - http://paulgraham.com/wids.html (via wmougayar)

Are You A Rhino Entrepreneur?

Quite a few entrepreneurship heavyweights have weighed in on the issue of quitting.

Paul Graham, founder of Y Combinator, one of the leading accelerators in the world, says that companies fail for one reason and one reason alone: The founders quit.

Let’s face it: Startup life is brutal. The failure rate is high. Even the companies that succeed face long, grueling slogs. You also have to deal with a constant stream of criticism, from customers, competitors, co-workers, and sometimes, investors. If anything goes wrong, rest assured, it’s your fault. And startups often rip you from your comfort zone on a daily basis. There is no soft couch to sit on. You are usually in a fight for survival, relevance, attention, sales, revenue, talent, and funding. Relax for a minute—and you’re toast.

That’s why I tell my students contemplating launching new ventures that the first thing they need to get right is their mindset.

The proper mindset for a fledgling entrepreneur is that of… a rhinoceros. Sure, rhinos are known for their massive horns and tough skin. But there are some lesser-known qualities that rhinos and great entrepreneurs have in common. Read more.

Mark Zuckerberg may make it look easy, but being a young entrepreneur can be tough. Here’s what they won’t teach you in college on how to be a CEO under 30:
Never try this alone.
Always question the “standard process.”
Passion is even more important than usual.
Learn to hire—and manage—executives much more experienced (read: older) than you.
Know when to get out of your own way.

Mark Zuckerberg may make it look easy, but being a young entrepreneur can be tough. Here’s what they won’t teach you in college on how to be a CEO under 30:

  • Never try this alone.
  • Always question the “standard process.”
  • Passion is even more important than usual.
  • Learn to hire—and manage—executives much more experienced (read: older) than you.
  • Know when to get out of your own way.