What’s the next Billion $$ Market?
There’s a great survey on Quora about the next Billion Dollar markets. As of Today – the highest voted answer is by Nathan Ketsdever, a Nashville based Entrepreneur and self-proclaimed Fan Boy of Steve Blank – Paul Graham – David Cohen. Here are some of the ones that stood out for me, for good and
Read MoreComparing Accelerators and Incubators
Which program is right for your startup? The answer to that question depends on a number of factors, including you, your idea and your team. I recently gave a talk at the Northwest Entrepreneur Network University (NWENU) about Accelerators, Incubators and the Startup Ecosystem, specific to Seattle, but the general rules apply as well. NWEN Accelerators & Incubators from
Read MoreHave An Acute Focus On The Problem, Not the Solution
I love engineers and developers! But sometimes they build a solution that is in search of a problem. I recently read a headline on a LinkedIn post that reflected the headline above. I didn’t get a chance to see the author or article (I think it was about QuickBooks or Quicken), but the headline struck
Read MoreYour Idea is “Dead Simple”, Really?
Some people seem to think that if they just call their idea “Dead Simple” that it actually makes their idea or product Dead Simple. They’re wrong. Every semester at the Founder Institute starts with a four-week sprint to the Mentor Idea Review. Where each of the Founders get to pitch their idea to a group
Read MoreVisionary Entrepreneur, Really?
I’ve been invited to connect with a number of “Visionary Entrepreneurs” via LinkedIn recently. It’s a cool phrase – WOW – I mean who wouldn’t want to given to unpractical ideas or schemes. When I launched my first startup, I boldly told the team that we wanted to offer outrageous service! Not realizing that the definition
Read MoreSeattle Founder Institute – Fall Semester & Event Schedule
The Fall Semester Applications are open for the Founder Institute Seattle. Apply Now! The new Semester will begin on October 2 – Tuesday nights. Early Admissions Deadline – Save $50 testing fee! September 2nd Final Admissions Deadline – September 23rd Midnight
Read MoreDoes Your Startup Idea have a Fatal Flaw?
One of the weekly components of the Founder Institute Semester is the “Hot Seat”. Where founders have a chance to pitch their idea/company to the three mentors plus the local Director. During the Hotseat sessions for some Founders in Bogotá Columbia, I was watching as one of the Founders was having a challenge taking feedback
Read MoreWhen is Late to Market Really Too Late to Market?
I recently had the chance to host a group of mentors for office hours @StartupRiot in Seattle – Thanks to Jimmy Kwan at Turnstone for providing the furniture, it was the best the Bar at Showbox Soho has ever looked! We accepted applications from over 41 companies that requested office hours for Founder Institute Mentors.
Read MoreWhat is Fair Market Value for a Startup
Selling a company can be a lot like selling a unique car – it’s only worth what the buyer will pay for it. That also means that your company may not be worth what you want the company to be worth. Here are the approaches to traditional valuation methods. Asset approach Income approach Market approach
Read MoreDo’s and Don’ts of Pitching Your Company?
I was guest Judge for at an event two nights ago for the Northwest Entrepreneur Network NWEN, called Pub Night. There were five companies there at the event and they were provided three minutes for a pitch, plus Q&A from me and the audience. There was a Founder Institute Grad, Cadence MD, formerly Cech Systems.
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