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Category Archives: entrepreneurship
Banned from the USA
So this young businessman named Nick remixes a Disney movie with their permission, and US Border Protection decides that the US wants none of that. So they deport him, and they put his name into the computer so that he won’t be able to get back in for ten years. I’ll let you hear the […]
How to Count in Sklansky Dollars
Here’s a neat concept that everyone can use, from professional poker players to Warren Buffett. In Alice Schroeder’s biography, The Snowball, she describes how in his youth, Warren was good at assigning odds to each horse in a race. This is called “handicapping.” Schroeder uses this as an analogy to explain how Buffett calculates investment probabilities. It’s […]
How to Make $1 Million in Six Months
No, it’s not a scam, it’s called entrepreneurship. Qualified startups seeking their first angel funding usually get valued at between $1 million and $3 million and usually have little or no corporate track record. So what are the attributes of such valuable new companies? Surprisingly, it’s not so much the product, nor is it real […]
What Entrepreneurs can learn from Vaseline
Marketing will make or break a new venture, so why not study some good examples? Here’s a new commercial I like a lot, with features any startup should emulate: Why I like it: Lead with the product Get folks thinking along the right lines. This commercial leads with a shiny bottle featuring the brand prominently, […]
How much is my startup worth?
This is the question for any startup looking to measure their personal wealth creation, take on additional capital, or sell their business. Unfortunately, the answer is usually, “Somewhere between nothing and a whole lot.” You can do better. Working Backwards: Step One Think about what your business is going to look like when it’s big […]
Due Diligence Comes Before Joining a Startup
This week a friend of mine was offered a chance to work for an exciting startup in the consumer packaged goods industry (think food and beverages). He wanted to know what he should ask before accepting the offer, which was a below-market salary in exchange for equity ownership in the company. Oftentimes this equity ownership […]
