As part of UC Santa Barbara's Distinguished Lecture Series, serial entrepreneur and noted venture capitalist Mark Suster recently shared his advice with a large crowd of emerging entrepreneurs. Mark is a Partner at GRP Partners and authors one of the most widely read startup blogs, BothSidesOfTheTable. Mark framed his comments around the major mistakes he made during his early ventures. By focusing on what he would do differently now, he was able to humbly convey a number of impactful lessons to a captivated audience of budding entrepreneurs.
Note: This is Part VI in the Startup Team Building series. Read Part I HERE, Part II HERE, Part III HERE, Part IV HERE and Part V HERE. Two bands, both heralding from Liverpool. Each with a unique look, hip contemporary sound and significant initial success. Why did A Flock of Seagulls crash soon after their initial hit while the Beatles’ career has spanned nearly 40-years, including a number one CD (“Love”) as recently as 2007? This dichotomy is not merely reflective of the groups’ respective musical talents. The Beatles longevity and success was largely the result of their group dynamics, which are identical to those present in successful startups.
I recently had the pleasure of speaking with Steve Blank, author of Four Steps To The Epiphany, Stanford Professor and noted entrepreneur. Steve was very generous with his time, allowing us to cover a variety of topics during our Skype conversation. The subject discussed in the video below is Steve’s belief that Venture Capitalists should begin their careers as operational entrepreneurs.
Note: This is an installment in the Iconic Advice series. Other installments include: Jeff Bezos, Steve Jobs and Richard Branson. 1. Pressure Helps You Break Through Your Breakdowns "Mickey Mouse popped out of my mind onto a drawing pad 20 years ago on a train ride from Manhattan to Hollywood at a time when business fortunes of my brother Roy and myself were at lowest ebb and disaster seemed right around the corner."
Article first published as A Serial Entrepreneur’s Guide to Uncovering Awesome Startup Ideas on Technorati. Seth Epstein, Founder and CEO SocialStay, former Founder and CEO of FUEL (acquired by Razorfish) and Emmy Award winner for his work on the X-Games, recently spoke at UC Santa Barbara as part of the Technology Management Program’s Distinguished Lecture Series. His talk was especially intriguing, as he attended UCSB, but dropped out to start a clothing design company. In this 8-minute video excerpt from his recent talk, Seth describes the practical, hands-on methodology that he uses on a day-to-day basis to identify and vet his entrepreneurial ideas.
I began publishing my blog in 2007. For the first couple years, I wrote under the pseudonym Uncle Saul. I was hesitant to use my own name, as I did not want my blog to be perceived as a self-promotional vanity project. By early 2010, I found my stylistic voice and identified my audience of emerging entrepreneurs and thus dropped my penname. In addition, my role as Partner at Rincon Venture Partners provided me with a business reason to invest additional time and effort into my humble blog. Last January, I decided to increase the quality and frequency of my blog entries, with the hope that I would generate a corresponding increase in readership. I was not disappointed.
I just got off the phone with someone who wanted my help getting networked into the Santa Barbara business community. Little did I know when the call began, that it would end up being the worst networking call in which I have ever partaken.
Article first published as Unlike You, Mark Zuckerberg And Bill Gates Can Go Both Ways on Technorati. Karch Kiraly (pronounced “cartch kur-ai”) is an anomaly. He is the only person to win Olympic gold medals in both indoor and beach volleyball. Just as Karch is a rarity, so are entrepreneurs who are equally facile at startups and Big Dumb Companies (BDCs). Many of these gifted few are household names, partly because they represent such a rare breed: Bill Gates, Michael Dell, Steve Jobs and Mark Zuckerberg. All of these Founders managed their startups from launch to BDC success.
I recently reviewed Brad Feld and Jason Mendelson’s book Venture Deals, in THIS ENTRY. I concluded that it is an effective tool for leveling the playing field between sophisticated investors and emerging entrepreneurs. I have subsequently recommended the book to number of students as well as emerging entrepreneurs, all of whom expressed positive feedback. Thus, I was excited when Brad agreed to chat with me via Skype to discuss the book’s genesis, along with the reaction of his fellow venture capitalists to the book’s revelation of numerous fundraising “secrets.”
Article first published as Eleven Startup Tips From Mark Cuban on Technorati. Note: This is an installment in the Iconic Advice series. Other installments include: Jeff Bezos, Steve Jobs and Richard Branson. Mark Cuban is a lifelong serial entrepreneur, launching his startup career with a variety of teenage schemes, including buying and selling collectable stamps to pay for college. In 1983 he founded MicroSolutions, a personal computer software reseller and system integrator, headquartered in Dallas, Texas. He steadily grew MicroSolutions over the next seven years and eventually sold it to CompuServe in 1990.