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We’ve gotten to the point where after the film The Social Network and now with our own ironic HBO drama “Silicon Valley,” (makes it sound like writing a algorithm can easily net you $10 million without trying) one might think starting a company is a bit like the gold rush where riches flow to you with ease.
Closing a VC fund in 2009/10 is a major achievement in and of itself. Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010.
Each year, thousands more do the same through the Path of Leadership (PoL) program, which equips members with the tools, knowledge and networks they need to grow as leaders. I remember walking into my house after my first Forum experience in 2009. WHEN DID YOU SAY TO YOURSELF, “I HAVE WHAT IT TAKES TO BE AN ENTREPRENEUR”?
Today, Africa’s largest digital payments network MFS Africa joins the fray. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. Investor interest in African fintech continues to grab headlines with large fundraises.
Business networking is a fun time — mingling, eating, chatting about business. Many business owners attend networking events but don’t utilize the time or crowd as well as they can. They walk away having spoken to a lot of new people, but not having made any real connections for themselves or their peers.
The entrepreneurs will get to participate in virtual programming that’s been custom-tailored to meet the needs of businesses during COVID-19, receive access to an online network of 130+ peers, $5K for education, and much more. But attaining the right resources, funds, and support can be an uphill battle. www.guidantfinancial.com.
“ One summer day, probably in the 1870s, friends of a major short-seller got together on the shores of Newport, Rhode Island, where they admired the enormous yachts of New York’s richest brokers. After gazing long and thoughtfully at the beautiful boats, the short seller asked wryly, ‘Where are the customers’ yachts?’ ”.
When you think about the trends of faster-growing startups due to social networking, credit card enable and mobile first consumers – the reality is that many startups are becoming very large financially before needing to go public. The VC market has right-sized (returned back to mid 90′s levels & less competition).
It was 2009 and it was terribly difficult to get any financing (if you can remember a time like that!) Sam is an uber-networker, savvy, helpful, product-oriented leader who had a great eye for young entrepreneurs and a passion about helping them. My good friend Adam Lilling and I started Launchpad more than 5 years ago .
Jill shared lessons learned and more in a blog post to mark the occasion. Below is an excerpt from the original article. I’m incredibly grateful for the amazing customers and employees who brought us to this milestone! To celebrate our anniversary, I’m sharing a few pivotal lessons I have learned during each of these wonderful years. I was nervous!
That’s like you saying you don’t want to go to cocktail parties and network anymore while every 25-35 year-old VC steals your customers. So even though it’s a playground I have mostly to myself right now – I figure every gathering is a bit more fun when your peers turn up. That’s the point.
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