Big Data Tools. 8 Steps To Become A Data Storyteller. Think Like an Entrepreneur - Creative Line Of Thinking Illustrated. How does one learn to think?
If you get lost, here is a line of thinking map. “Forget everything you learned,” they told me on the first day of law school. Three years and $150,000 later they erased from my mind all the half-truths I learned from school and my family. They were not teaching law, they acknowledged, they were teaching thinking. As an entrepreneur, you, too, have to relearn everything from scratch. As much as it seemed like a ripoff back in law school, I later realized knowing how to think is the most valuable thing. I was riding the New York subway a couple of years ago. How Funding Works - Splitting The Equity With Investors - Infographic.
A hypothetical startup will get about $15,000 from family and friends, about $200,000 from an angel investor three months later, and about $2 Million from a VC another six months later.
If all goes well. See how funding works in this infographic: First, let’s figure out why we are talking about funding as something you need to do. This is not a given. The opposite of funding is “bootstrapping,” the process of funding a startup through your own savings. If you know the basics of how funding works, skim to the end. Every time you get funding, you give up a piece of your company. Splitting the Pie The basic idea behind equity is the splitting of a pie. When Google went public, Larry and Sergey had about 15% of the pie, each. Funding Stages Let’s look at how a hypothetical startup would get funding. Idea stage At first it is just you. Co-Founder Stage. SmartTeam - Online Training for Small Business, Business Skills and Sales Training. Kickstarter. Top Executive Recruiters Agree There Are Only Three True Job Interview Questions. The only three true job interview questions are: 1.
Can you do the job? 2. Will you love the job? 3. That’s it. Click here for more on the only three true job interview questions for potential board directors Click here for more on acing your answers to these interview questions Can You Do the Job? Executive Search firm Heidrick & Struggles CEO, Kevin Kelly explained to me that it’s not just about the technical skills, but also about leadership and interpersonal strengths. You can’t tell by looking at a piece of paper what some of the strengths and weaknesses really are…We ask for specific examples of not only what’s been successful but what they’ve done that hasn’t gone well or a task they’ve, quite frankly, failed at and how they learned from that experience and what they’d do different in a new scenario.
Kevin Kelly at World Economic Forum (Photo credit: Wikipedia) Will You Love the Job? Cornerstone International Group CEO, Bill Guy emphasizes the changing nature of motivation,