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I’ve made monthly peer-mentoring sessions of 10 to 12 other entrepreneurs an integral part of my ongoing education. In no small part, the knowledge I’ve gleaned from my EO peers led me to my newest undertaking. Why Peer to Peer? Accountability is another major benefit of peer mentoring.
Here is advice I collected for dealing with the stress of running a startup: 1. Brad Feld, a partner at Foundry Group and investor in many successful startups, gave me this piece of advice. Join a CEO peer group. If you are in a peer group with other CEOs , it’s much easier to get perspective on what’s happening to you.
I wrote this conundrum and the need to take charge of how the market define your skills in my much-read blog post on “ personal branding.” For some aspiring to be tech entrepreneurs, I often suggest a two-step process, as I argued in this post that “ The First Startup Founder You Need to Invest in Is You.”
Tracy DiNunzio isn’t your typical Silicon Valley startup founder. She’s a painter and a self-proclaimed Bohemian. She did her first tech startup after the age of 30. And she didn’t start her company in Northern California. Tracy built her company, Recycled Media , out of necessity. More on that later. That may soon change.
EOA supports growth through direct learning, access to mentors, leaders, peers, and experts. That’s an 86% success rate of Accelerator grads joining EO because of the direct learning, access to mentors, leaders, peers, and experts that made it irresistible to join EO. EO supports entrepreneurs at every age and stage.
Have you ever wondered what it’s like to join the Entrepreneurs’ Organization (EO), the world’s largest membership network formed exclusively by entrepreneurs, for entrepreneurs everywhere? With nearly 19,000 members in over 80 countries, EO offers local, regional, and global experiences that support entrepreneurs beyond just business.
I was reading Chris Dixon’s blog tonight. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. He writes with a great perspective and is well worth reading. I had to laugh a bit reading it. Many of my best friends have MBAs.
Before diving into entrepreneurship, wouldn’t it be ideal to tap into the knowledge of experienced, thriving business owners for advice on failure-proofing a new business? We didn’t realize how much of this we could accomplish before launching,” says Heidi Rasmussen , EO Dallas member and co-founder and COO of freshbenies. “If
I’m going to save that for a future blog post. Let me start by saying two things: Events like this are invaluable to startups because the significant value comes from building the network across portfolio companies and the discussion one can have with your peer group. And market your brand, not your personality.
I only say that because after years as a VC I can always tell when my peer group invested in something because “it seemed like it would make money” versus when they invested out of passion. His blog is even called SaaStr (a bit too close to Suster if you ask me ;-)). Are your investors truly passionate about what you do?
The frantic pace of technology cycles, the amount of tech news, the blogs, the conferences, the demo days, the announcements, the fundings, the IPOs. It got me thinking about the advice that I often give to new VCs. Somehow the world seems to be spinning faster these days than just a few years ago. It’s exhausting. And so forth.
I wanted to also post the series here to have it as a resource on my blog for future entrepreneurs who stop by. For me I’ve stated publicly that 70% of my investment decision is the team and most of this is skewed toward the founders. But some founders have that extra quality that makes them never give up. Yeah, right.
A Forum, which is also often referred to as a Mastermind, is a group of peers who meet regularly, with the goal of helping each member improve personally and professionally. Given the request for input and feedback, you might expect a presenter to receive various advice from the other Forum members. In my experience.
I recommend you read Fred Wilson’s recent blog post about the need for a well articulated business strategy before pushing a particular business model. I found myself in violent agreement with Fred’s blog post(s). He then brought her to board meetings so nobody could accuse him of not having a business model. ” True.
Sometime around 2003/04 my technology team turned me on to “Spolsky on Software&# a periodic newsletter served up blog style from Joel Spolsky of FogCreek Software, a maker of bug-tracking software. Blogs weren’t popularized yet so it was an oddity for me to read the founder of a software company spewing out advice.
My internal compass has always steered me strongly toward the belief that founders who can scale with their startup companies are better to back that founders who eventually need to hire a CEO. Very few founder CEOs go into the job ever expecting to give up their seat. It’s your baby. You took the biggest leap of faith.
Whether it’s securing investment capital, marketing a concept, recruiting new talent or leaning on peers for support and advice, having a solid network can seriously work to your benefit. There’s no question that launching your own business comes hard work, obstacles and logistics—and most of these are left to the founder.
McKinsey studies have also shown that companies with diverse leadership outperform their peers. Tim Hamilton is the founder and CEO of Praxent. The company’s Employee Assistance Program (EAP) provides counseling, wellness services and legal advice to accommodate their diverse needs. The founder of Polar Notion , Morgan J.
I was hanging out the other day with my buddy Jody Sherman, founder & CEO of EcoMom. Because my wife is a superstar she published them all on a blog here along with much other wonderful type-A mom advice. He had just written another one of his way-over-the-top blog posts. Through this process he raised $2 million.
As someone who’s dedicated her career to helping small-scale entrepreneurs grow their businesses, I’ve heard many skeptics say a business accelerator program is just a cover for startups looking to increase capital. On a personal level, giving entrepreneurs the support and resources to realize their potential is immensely valuable on many levels.
EO is a peer-to-peer learning organization , so it made perfect sense to offer free mentoring sessions to conference attendees who wished to spend time with an entrepreneur. Santoro attended the 2019 Startup Grind Global as an Entrepreneurs’ Organization (EO) ambassador and mentor. We share his thoughts below. .
Chelle Neff, founder of Urban Betty, shares a tour of one of her salon locations in Austin, Texas. At the start of 2020, Chelle Neff is wrapping up a decade of considerable success, growth and innovation. 5000 list twice! . You opened Urban Betty in 2005 and it’s been growing ever since. What drives you? And what’s next?
On the other side of the spectrum is Benchmark Capital who famously eschews platform services and believes that having nobody between their partners and the portfolio companies they work with makes for the most productive relationship between VC firm and founder. It is clear to me that both approaches work.
By Aidan Fitzpatrick, an EO UK – London member and the founder of Reincubate. Advice for entrepreneurs is often reduced to absolute statements and black-and-white “do’s” and “don’ts,” but I’ve found the truth is more nuanced. Here are some of the lessons that have meant the most to me: Advice can be unhelpful.
It gives founders the tools and accountability to take their business to the next level. Octane: EO Accelerator is EO’s program for first-stage entrepreneurs. How did you hear about EO Accelerator? Lallenia: My husband, Brad, and I started Big Birge Plumbing in 2012. Neither of us had much experience running a business.
Surrounding yourself with successful peers from different industries and walks of life provides some of the best learning opportunities and provided a significant competitive advantage.” He is the CEO and founder of Best in Class Education , an education center designed to help students and teachers grow. to win when I compete.
This group has it all – not only do they offer forums and personal advice on a national scale, the organization also sponsors local chapters with their own meetings and amenities. Nothing is more valuable than the exchange of experiences among peers. I remember it as if it happened yesterday.
Bennett, co-founder and principal owner of Aqua-Guard Spill Response Inc. I had been inadvertently searching for this kind of peer support for several years, but didn’t even know it existed. a global leader in controlling oil spills and protecting water, the world’s most precious resource. . But that was about to end.
” Luke Sophinos, founder & CEO of CourseKey. ” “I would suggest entrepreneurs take advantage of their resources – if you’re a student, seek advice from your professors and garner feedback from your peers. .” ” Andres Cardona, founder & CEO of Elite Basketball Academy.
These confidential meetings with seven to 10 peers are a highly rated benefit of membership. Fellow Forum members don’t give advice; they speak from prior experience, letting you draw your own conclusions on how to best proceed. Dave Bacon is the founder of the BW Bacon Group and an EO member in Colorado. . Kilimanjaro.
In this special interview, the co-founders of Pronexia—a new generation recruitment firm—open up about their bootstrapping days, their unique hiring methodology, and the role authenticity plays when building relationships and company culture. Against everyone’s advice, I decided to seek out a business partner. It was all I knew.
Being an effective founder means questioning current paradigms, asking ‘Is there a better way to do this—and am I the person to do it?’ That line of questioning led Mittal and co-founder Boris Silver to build FundersClub in the way they did. Silicon Valley has no monopoly on innovation; it happens everywhere.
Community of Cultivators is a new blog series to introduce you to coworking game changers and connectors. Jessica Knapp, Founder of Bayhive and sales manager at Office R&D gave us a peek into her world. Company and title: Founder of Bayhive, currently at Office R&D. Check out what she had to say below. Oh, and be nice.
Snippets of advice, tactics, and tools I used to raise an oversubscribed round during an economic downturn Image: Author I’m writing this blog post on the heels of closing our oversubscribed round during what’s been described as the worst time in history to raise capital. Day 0–3: Do you want to do this? Are you doing it for the glory?
(To see the video above, please click the image, and then click on the Play button.). Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . When I was single, I registered for (a lot of) dating websites. The 11 Steps of Investing in Private Companies. 2) Market .
Douglas (Doug) Holladay, the founder and CEO of PathNorth , a former White House advisor, and a professor at Georgetown University. I need your advice.” Contributed by J. Doug is also the author of Rethinking Success: Eight Essential Practices for Finding Meaning in Work and Life. Graham’s influence in the world was beyond measure.
(To see the video above, please click the image, and then click on the Play button.). Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . When I was single, I registered for (a lot of) dating websites. The 11 Steps of Investing in Private Companies. 2) Market .
What is one piece of advice you give everyone that works with and/or for you? I don’t have one piece of advice that I apply to everybody, people are all so different. What advice would you give to someone thinking of becoming an entrepreneur? Its that time again- another edition of Community of Cultivators.
By Julia Langkraehr, founder of Bold Clarity. By speaking from experience instead of giving advice, the Gestalt mindset teaches—it doesn’t tell. The post Going Gestalt in Your Business appeared first on THE BLOG. Seasoned EO members continually hear the buzzwords “Gestalt communication.” Everything.
I recently wrote a blog post about why I believe that startup teams in close proximity perform better. And you can tell that the founders have thought greatly about creating the right kind of space for startup companies. As they showed me around the CIC I was instantly envious. These days we all use Skype and collaboration tools.
Psychology Today notes that taking advice somehow feels like admitting that we don’t really deserve our high status. But truly successful people understand that the advice and knowledge of people who have been-there, done-that is priceless. ” Thomas Edison, inventor/founder of GE (1847 – 1931). What would you ask them?
The responses I got came at a time when I've been having a lot of conversations with female founders as well about their fundraising experiences. At this moment, I'm in the process of backing three companies that have at least one female founder and I just finished a round for a black female founder in December. Ducks head.]
It gets drilled into each founder the need to have a pithy overview of their business and why it’s relevant. So I thought I’d blog about one of the topics we discussed at breakfast – the phone call. I’m talking about simple and quick calls to your business peers, VCs or other players in your ecosystem.
For EO Chicago’s Zak Dabbas and Ryan Unger , co-founders of Punchkick Interactive, a mobile app and web development agency, the secret to their sustainability comes from “going flat.” WALK US THROUGH THE ORIGINS OF PUNCHKICK INTERACTIVE. WHAT INSPIRED YOU TO START A BUSINESS TOGETHER? It wasn’t for me. WHAT VALUE DID THESE PROGRAMS PROVIDE?
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