Archives For entrepreneur

Fred Wilson, one of the world’s most prominent venture capitalists, shares the three big coming trends in tech. He has invested in the early stages of companies like Twitter, Tumblr, Foursquare, Zynga, Kickstarter and Bitcoin. His ideas about business trends are really interesting, both for investors and for startup entrepreneurs. Wilson talked at LeWeb conference in Paris (December, 10, 2013) and he used as an example for each megatrend, some startup companies from his own portfolio (USV).

“We don’t think about technologies, we think about trends, we think about what’s happening in society, what’s happening with people, in terms of how people behave. The technologies are important; but we don’t like to invest in mobile, or big data, or machine learning or those kind of things. We think about them, they matter to us, but we really think about things from a behavioral and a societal point of view.”

Megatrend 1: Technology Driven Networks are Replacing Traditional Bureaucratic Hierarchies

Bureaucratic hierarchies are the way that the world has been organized for the past couple hundred years. Markets, governments and businesses have one person on the top of the pyramid organizational structure controlling everything. Transaction and communication costs were so high in the industrial era that that was the most efficient way to organize work. But we are now in the information age, where technology-driven networks are replacing  bureaucratic hierarchies. Some examples are: Continue Reading…

The above sentence is from Guy Kawasaki, one of the largest marketing specialists in the world, renowned writer , lecturer, entrepreneur and investor. He worked in the eighties as a “technology evangelist” at Apple. His job consisted in building a critical mass of support for the Macintosh and encouraging people to develop software for their computers.

In Kawasaki’s opinion, the key to success as an entrepreneur is to make meaning in your company. Continue Reading…

David  Gomez Linkedin 000dc53

One of my favourite films is Blade Runner. In this film, genetically engineered robots called “replicants” are so similar to human beings that they even have their own implanted memories. I felt fascinated by this idea and others similar in Blade Runner, like the unicorn dream. So when I heard about Hiyalife, a website where you can store your memories, I got immediately interested about it. Last week I heard that David Gómez, Hiyalife co-founder, came to my city to give a workshop for entrepreneurs. Therefore, I decided to attend the workshop and it really deserved applause. David told such good advice for start-ups entrepreneurs that I asked him for an interview to share with you. Continue Reading…

Seed Money

NadieLabs, a Spanish consultancy firm specialized in entrepreneurship and innovation in business models, interviewed me last month. They asked me about how to get funding for a startup. I tried to capture the main financial possibilities that an entrepreneur have when he launch an innovative company. I also try to give clues about how easy or difficult it is to get each financing option. This is the interview: Continue Reading…

8 Simple Keys to Success

22 October, 2013 — 1 Comment

LadderOfSuccess 3Richard St. John, a brilliant entrepreneur and lecturer at TED, agreed on a plane with a high school student who asked what leads to success. St. John could not give her a good answer. He thought it would be very useful to find out and transmitting it to the young. So over seven years he interviewed over 500 successful people to find out.

St. John condensed the interviews into 8 keys to success and recorded this amazing 3 minutes video. The video is very interesting because it gives examples of successful people explaining each key. Although it is not specifically about startups, it can be very useful to those who are starting an innovative business project. Continue Reading…

Broken Chair

I frequently use a metaphor of a chair when I advise entrepreneurs. I compare the viability of a company with a four-legged chair. If any of the four legs is missing, perhaps you can keep sitting on the chair for a while, but when you lose balance you fall. When two legs of the chair are broken, then a fall is sure!

What are the four legs of the viability of a company?

THE FIRST LEG OF THE CHAIR: TECHNICAL VIABILITY

This is about entrepreneurs or their teams who dominate the production process. The means of production and the appropriate technology should be available, and entrepreneurs should be able to own it. As a conclusion the company should be able to produce something that works.

The technical viability leg is usually the first thing that entrepreneurs achieve, because entrepreneurs normally start a business on something that they control and that they have knowledge in. However, this is not the case for some entrepreneurs and their business projects start limping from lack of technical viability.

An entrepreneur wanted to develop and to sell an innovative tool for household recycling. Continue Reading…

Chasing the Dream

Some business projects require exorbitant figures of funding in proportion to the entrepreneur capital. These projects are out of your reach, unless your father is a millionaire or you’re a genius. This idea seems obvious, but some entrepreneurs love their idea so much that they do not see it that way.

I remember an entrepreneur presenting his project in a forum of investors. He needed three million euros, because he needed to set up a manufacturing plant. Continue Reading…