Archive for the ‘entrepreneurship’ Category

Lessons from a Folded Company

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Posted: June 27th, 2011
at 10:05am by mnp


Categories: blogs,entrepreneurship

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The New Working in Finance

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Posted: June 18th, 2011
at 12:07pm by mnp


Categories: trade,entrepreneurship

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When is it the Time to Start a Business?

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You’re 18, fresh out of high school. You’re 22, fresh out of uni.  You’re 35, married with kids. You’re 55 and the kids have left home.  You’re 65 and wish you started that business.  Don’t worry, you’re not too old.

There is never going to be a perfect time to start your own business or turn an idea into reality.  But there are better times than others and identifying that better time is vital. There are a few questions you can ask yourself to help you decide.

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Posted: June 17th, 2011
at 9:45am by mnp


Categories: business,development,entrepreneurship

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Ship Fail

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Posted: June 16th, 2011
at 11:28am by mnp


Categories: entrepreneurship,fail

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Best Coffee Shops to Work from in Seattle

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Posted: June 10th, 2011
at 1:29pm by mnp


Categories: et cetera,development,drinks,entrepreneurship

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Working with Ice Coffee

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This is reason #1 why working for a startup is kind of like iced coffee: it’s not for everyone. Working in a true entrepreneurial environment takes someone who’s willing to steer a little bit off the beaten path.  The tried and true taste you get with a regular cup of coffee is, in this analogy, the "taste" you get from a bigger, corporate environment.  And that’s the thing - there’s lots of people who want to think that they’d really like iced coffee or like the idea of trying a change of pace.  But to really enjoy working for a startup, it takes a commitment to the craft.  It’s very certainly not a one-time or "try it out" sort of thing.  Two sips into your first iced coffee and you may find yourself wishing you’d stuck with the ordinary.

That’s where we get to reason #2: with iced coffee, the ice melts. Even if you’re bought in up front, over time, the ice melts, and the drink you think you ordered just isn’t the same. Now I suppose you could say that traditional java has a corresponding fate - that of losing its warmth - we’ve all grown accustomed to topping off our cups with a little fresh coffee to get it back to normal taste.  In a startup, you constantly have to gauge whether there’s optimal "ice" in the drink or whether you need to go back and reconfigure things.  I think of this in terms of startups that are struggling to find their legs and finding that the initial thesis of their iced coffee vision is not exactly working.  The pining for the old cup of joe is a real danger. (Source)

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Posted: June 8th, 2011
at 12:12pm by mnp


Categories: drinks,entrepreneurship

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Startups Need to Solve Problems Not Boredom

This may seem obvious, but for some reason, when I survey the list of recent startups I see in the Valley I can’t help but wonder what the hell they are thinking. What I’m talking about is beyond the old adage, a solution in search of a problem, this is more serious. This is an enormous number of startups focusing on one infinite black hole of a single ‘problem’: boredom. This is a shame for two reasons: 1) boredom is not a problem - it is a motivator and 2) since boredom is not a problem, it cannot be solved for - only procrastinated. This makes boredom an incredibly tempting target for entrepreneurs because we can all procrastinate. And on top of that, boredom seems to be solvable, according to the Valley, with only one tired tactic - endless communication.

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Posted: June 7th, 2011
at 10:20pm by mnp


Categories: philosophy,entrepreneurship

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Should You Hire MBAs at Your Startup?

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Guy Kawasaki says he values startups at $100,000 per MBA and $1,000,000 per engineer. We’ve got 3 MBA’s and 2 engineers (our CTO is both - double credit!!!), so he values us at $2.3mm. (Source)

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Posted: June 7th, 2011
at 6:16pm by mnp


Categories: business,development,entrepreneurship,jobs,innovation

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Minority Owned Startup Culture

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There are some cultures that are more entrepreneurial than others. That’s just the way things are. For instance, Indians are considered a minority, yet they tend to be very entrepreneurial. The same can be said for other Asian cultures. So the general minority tag doesn’t work here. Instead we need to separate each of these minority groups and look at them independently. What you’ll find is that certain groups/cultures are more business minded than others.

Hispanics and African Americans tend to be less entrepreneurial than Whites. Why? Because of the difference in cultures. The real issue comes from within the culture itself, and has little to do with external factors (contrary to what many believe). Unfortunately, culture is an intangible, which makes it hard to point to specific notions within each culture that contribute to being one way or the other. The best I can think of is to look at what kind of behaviors are encouraged within each culture. Starting your own business is not something that is encouraged in all cultures.

So my opinion is that this really isn’t a problem. It’s perceived as a problem by many entrepreneurs, because we think this is the road to happiness, but it’s not really a problem. It only becomes a problem when there is a big percentage of minorities that want to start a tech business, but can’t. However, the reality is that a majority of people in certain groups just aren’t interested in tech startups. And of the small percentage that are interested, their success rate seems to be in line with non-minorities. (Source)

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Posted: June 7th, 2011
at 11:25am by mnp


Categories: entrepreneurship

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