The latest venture capital, seed, and angel deals for LA startups for 1/3/19 featuring funding details for SpaceX.
A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” The initial monologue usually ends with the question “How much money do you think this is worth?” In my opinion, ideas are a commodity, and are really not worth […]
In the beginning all businesses are just people playing out an idea. It’s never the other way around – there is no idea so big that it doesn’t need people to make it succeed. Investors know this, hence the saying “Bet on the jockey (founder), not the horse (idea).” A great jockey is a great […]
TLDR; To create the future you need to envision it in great detail, and then make it happen through precise execution. What distinguishes strong founders from the rest is a massive vision; clarity of details on what the future should look like. Strong founders don’t necessarily know the exact path, but they do know their true […]
Billionaire entrepreneur Elon Musk announced that Tesla will be utilizing an ‘open source’ philosophy to their large patent portfolio (pictured above, now taken down) and that they wouldn’t pursue any legal action against anyone using them in good faith. It’s a gesture that shows promise and proof of the fact that visionaries walk our Earth. […]
Going back to the dawn of civilization, many entrepreneurs have sought their fortunes through adventures of exploration. Mesopotamian entrepreneurs prospered by expanding their landlocked trade routes east to the Indus Valley (modern-day India) and west to Egypt and beyond. Several hundred years later, Phoenician entrepreneurs did so on the open seas, leveraging their superior nautical […]
Most technologists have little interest in the mechanics of starting and building a business. That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. In fact, an […]