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Startup Advice: How Entrepeneurs Gain Credibility

Startup Advice: How Entrepeneurs Gain Credibility
While talking with young founders in Europe and the US over the last couple months, I have been asked the same question repeatedly -- how can an entrepreneur just starting out gain the necessary credibility to attract capital? It is an important question because, at its heart, a startup investment is an investment in the entrepreneur. And the earlier stage the investment, the more so this is true. We all know the allure of the elusive "serial entrepreneur" -- the rare breed who has done it before (successfully) and will not fall victim to the same business pitfalls (he'll have to discover new ones). I have backed serial entrepreneurs before and will continue to back them. They have valuable startup knowledge to bring to bear on the company building process that we in the venture business clearly covet. So how does an entrepreneur with little or no track record gain credibility? The other way first time entrepreneurs gain credibility is to earn it. Related:  Ideas & Negocios

Language E-Learning Startup Myngle Secures €1 Million Euros Amsterdam-based Myngle, which operates a platform for online language education, has just secured nearly €1 million euros ($1.25 million) in the form of a bank loan from Rabobank. The loan is backed by the Dutch government through an innovation program. Myngle had earlier secured €800,000 seed investment from the HenQ fund and private individuals. Myngle, founded by ex-eBay employees, is essentially a “marketplace for languages” where teachers and students can virtually connect and determine if there’s a match for an online course to start between the parties (from both sides). Here’s how they pitch the service on their site: Myngle is free for students and teachers to sign up and provides an online environment for live individual and group lessons for basically any language and level from any type of teacher. Myngle claims to have attracted almost 50.000 members in 125 countries since its inception in 2007, and boasts providing language courses in 52 languages.

Startups Use Four Catalysts to Win Funding: Benjamin L. Hallen For many aspiring entrepreneurs, the hunt for venture capital is a tale of frustration and woe. Yet an entrepreneurial minority, sometimes viewed as the lucky few, appears to raise money with relative ease. It turns out there is a roadmap to venture-fundraising success. My research with Stanford University’s Kathleen Eisenhardt, which will be published in the February edition of the Academy of Management Journal, identifies four hallmarks of efficient prospecting for money. Our conclusions are based on extensive fieldwork, tracking nine Internet-security startups as they sought multiple rounds of venture capital over their first five years. Conventional wisdom holds that successful fundraising requires introductions to investors, a clear pitch and the ability to signal the presence of a high-quality founding team. Casual Dating Step 1: Casual dating. “You’ll talk about the business and stuff,” he told us, “but you won’t pitch. Step 2: Timing around proof points. Scrutinizing Interest

How can parts of Canada be" For more than 40 years, scientists have tried to figure out what's causing large parts of Canada, particularly the Hudson Bay region, to be "missing" gravity. In other words, gravity in the Hudson Bay area and surrounding regions is lower than it is in other parts of the world, a phenomenon first identified in the 1960s when the Earth's global gravity fields were being charted. Two theories have been proposed to account for this anomaly. One theory centers on a process known as convection occurring in the Earth's mantle. A new theory to account for the Hudson Bay area's missing gravity concerns the Laurentide Ice Sheet, which covered much of present-day Canada and the northern United States. To get a better idea of what happened, think about what happens when you lightly press your finger into the surface of a cake or a piece of really springy bread. So which theory is correct? The Hudson Bay area is going to have less gravity for a long time.

36 Startup Tips: From Software Engineering to PR and More! This is a collection of startup tips covering software engineering, infrastructure, PR, conferences, legal and finance. They describe best practices for an early-stage startup. We hope that you will find these tips useful, but also please remember that they are based on subjective experiences and not all of them will be applicable to your company. These tips originally appeared as separate posts on the BlueBlog, the blog of AdaptiveBlue. [Ed: Alex Iskold is founder and CEO of AdaptiveBlue, as well as being a feature writer for RWW.] Since the posts were quite popular, we decided to share them with the ReadWriteWeb audience during the holiday season. 8 Software Engineering Tips for Startups Since software is at the heart of every modern startup it needs to be elegant, simple and agile. Tip 0: You must have code Working code proves that a system is possible, and it also proves that the team can build the system. Tip 1: You must have a technical co-founder Tip 6: Cultivate an agile culture

What It Takes to Raise $9.5 Million Talia Mashiach landed $9.5 million in venture capital by filling a technology need in the events industry. January 18, 2012 Talia Mashiach always knew she wanted to start a big, disruptive technology company. But unlike many young entrepreneurs, this 35-year old mother of five was in no hurry. “I was really a technology entrepreneur who saw a huge opportunity to build a big tech solution in the event space,” says Mashiach. For several years, Eved grew steadily—to $9 million in revenue in 2009—and Mashiach proved that she could deliver efficiencies and cost savings to the events industry. Mashiach’s big goal: an IPO. With this most recent capital raise, Mashiach forfeits majority control of her baby. Photo credit: Courtesy subject

Dissecting an Episode of MythBusters MythBusters is an excellent TV show on Discovery Channel, in which Adam, Jamie, Kari, Tory, and Grant test popular myths. That show, like so many other shows, is designed for a TV time-slot. It has to be a certain length. There has to be a certain number of breaks, at certain times etc. But most people probably do not realize just the tactics that go into making an episode. One hour time-slot, once per week First, let us look at how much time MythBusters spend on the actual show itself vs. all the other things. They spend 4% of the time talking about what is "coming up next," 2% of time showing the MythBuster logo, and 6% repeating something they have already said - e.g. when returning from a commercial break. All of that is just filler content. Then they spend 33% of the time talking about the first myth, 17% on second myth, and only 11% on the third myth (only 6 and a half minute). But then comes the real shocker. 27% of the time is spent watching advertising. Putting it all together

WorkHappy.net: killer resources for entrepreneurs When Your Employees Know More Than You Managing today's highly skilled professionals takes special skills — and not the ones that you may think. Oftentimes, knowledge workers know more than you do about their jobs. So, how do you manage people who know more about what they do than you do? In such instances, you have to look at leadership through the wants and needs of the worker as opposed to the skills of the leader. Here are some quick tips for effectively managing knowledge workers. Demonstrate passion In days past, working 40 hours per week and taking 4-5 weeks of vacation meant that people often focused less on loving what they do. Strengthen abilities With less job security and more global competition, it's critical that people update and refine their skills continuously. Appreciate time People have less time today, which means the value of that time has increased. Build networks Today, job security comes from having ability, passion, and a great network. Managing knowledge workers is a challenging and rewarding job.

A Few Magnet Motors “Although originally suggested by Nikola Tesla in 1905, only a few permanent magnet motors-generators have been designed, that is, magnet motors where the power comes from the magnets, not an external, exaustable supply of electricity.” “Engineers of Hitachi Magnetics Corp. of California have stated that a motor-generator run solely by magnets is feasible and logical but the politics of the matter make it impossible for them to pursue developing a magnet motor or any device that would compete with the energy cartels.” “Electric power is everywhere present in unlimited quantities and can drive the world’s machinery without the need for coal, oil, or gas.” - Nikola Tesla Today scientists say the universe is 60% “Radient/Dark” energy. Writing on June 10th, 1902 to his friend Robert U. Other U.S. patents have been filed – see Ammann, Hendershot, Hubbard, and others, however, only Tesla understood the Physics involved. - C.

10 Types of Businesses You Can Start Today For $100 Or Less | Startup Launchr Tough to read? Click here and view the presentation in full-size So you’ve read through the 6 rules to follow when starting your online business, and you’re itching to launch something. You understand that your business must, first and foremost, solve a problem for a certain group of people. With that said, I’m going to share you with 10 types of businesses you can work on today. Hopefully, this should generate some buzz for the launch of Startup Launchr’s sister site (name TBD — help us name the new blog, will you?). Coaching and Consulting Everybody is an expert on something. Maybe your passion for something has lead you to be more educated than most when it comes to the topic. Scaling the business could mean developing a program to deliver to your clients either through email or a membership website. The key here is to realize that “expert” is merely a frame of mind on how to label yourself. Examples: SEO/SEM consultant Small business marketing consultant Social/dating/life coach Software

8 Tips for Starting a Business YogiTunes co-founder Alex King-Harris shares what it takes to succeed as a new business owner. January 11, 2012 Anyone who has ever started their own business will tell you: It's a lot of hard work. Alex King-Harris is the co-founder of the recently launched YogiTunes, which works a lot like iTunes, but specifically for the yoga community. Instead, yoga instructors were simply creating playlists for their own classes, but were unable to share with one another. YogiTunes offers a feature called the Yoga Teacher Playlist, which is a selection of songs picked by yoga instructors for use in their classes. Although YogiTunes is similar to the concept of iTunes, a platform of providing and sharing music specifically for health purposes had not existed before. 1. 2. 3. 4. 5. 6. 7) Be prepared to make sacrifices. 8) Do what you love to do. Photo credit: Courtesy subject

Mechanical resonance Graph showing mechanical resonance in a mechanical oscillatory system Mechanical resonance is the tendency of a mechanical system to respond at greater amplitude when the frequency of its oscillations matches the system's natural frequency of vibration (its resonance frequency or resonant frequency) than it does at other frequencies. It may cause violent swaying motions and even catastrophic failure in improperly constructed structures including bridges, buildings and airplanes—a phenomenon known as resonance disaster. Avoiding resonance disasters is a major concern in every building, tower and bridge construction project. The Taipei 101 building relies on a 660-ton pendulum — a tuned mass damper — to modify the response at resonance. Many resonant objects have more than one resonance frequency. Description[edit] The natural frequency of a simple mechanical system consisting of a weight suspended by a spring is: where m is the mass and k is the spring constant. Examples[edit] See also[edit]

6 Rules of Starting a Business | Startup Launchr Tough to read? Click here and view the presentation in full-size “What kind of business should I start?” Most aspiring entrepreneurs ask this very question during the beginning of their journey into business. If you are like most people, the idea of starting your own business probably involves a restaurant franchise, a coffee shop, or a retail store of some sorts (such as selling clothes or books). There is absolutely nothing wrong with these types of businesses. Instead, I challenge you to think of your first business as a pet project of some sort. And to maximize your chances of success with your business, here are 6 rules you should follow when you’re launching a new business. You should solve a certain problem for a certain group of people. Instead of thinking about business ideas, successful entrepreneurs think about problem-solving for a select group. Preferably, you should be a member of that particular group to TRULY know what solutions you can offer them.

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