Startup 101: ReadWriteStart’s Serialized “How to Build a Startup” Book

“Startup 101” is a serialized book about the thrills and spills of starting a Web technology venture. Startup 101 is for first-time entrepreneurs who want to go through the whole startup life cycle – including raising money, building a valuable business, and making a lot of money by selling the venture or taking it public.

This series is designed for Web technology startups. But if you … [ Read more ]

Startups in 13 Sentences

Paul Graham offers startups 13 pieces of advice.

Clusters of Entrepreneurship

Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise entrepreneurial returns, thereby increasing net returns and attracting entrepreneurs. A second class of theories hypothesizes that some places are endowed with a greater supply of entrepreneurship. … [ Read more ]

Good Question! The Eight Best Questions We Got While Raising Venture Capital

VCs are good at asking questions. They are unimplicated in your dumb decisions, unmoved by your original sense of mission and far less concerned than you that a blunder could bankrupt you. They re-imagine your business in terms of all the other businesses they’ve seen, pulling the arms off one doll and the head off another to create a perfect money-making Frankenstein. And since the … [ Read more ]

New Private Equity Fellowship For Minority MBA Graduates Launched

The Carlyle Group and the Robert Toigo Foundation will launch a private equity MBA fellowship intended to attract minority MBA candidates to the sector.

25 Excellent Social Media Sites for Entrepreneurs

Are you an entrepreneur who has been seduced by social media tools such as Twitter, LinkedIn or Facebook? If so, you may realize the benefits of displaying your resume, finding and staying in touch with business partners, employers and customers, and learning new information through these basic tools.

If you don’t use a variety of basic social media tools for networking, then you’ll learn a few … [ Read more ]

Rita Gunther McGrath

One of the biggest differences between a core business and an entrepreneurial one is what colleagues and I have termed the difference in the Assumption:Knowledge ratio. Businesses with a low ratio – such as your core – can be managed conventionally. In such situations, the measure of a good plan is how close results came to expectations, and failure rates should be low. In a … [ Read more ]

In VC deals, Price Doesn’t Matter – But The “Promote” Does

VCs have an unfair advantage when it comes to financings. They simply have more experience doing deals.

One area that has always struck me where this asymmetrical relationship comes into sharp focus is when there’s a discussion around the price of the deal. Entrepreneurs often mistakenly focus solely on the pre-money valuation while VCs look at multiple knobs in the negotiation to drive … [ Read more ]

Key Steps Before Talking to Venture Capitalists

Some entrepreneurs may not be familiar with raising institutional capital to grow their businesses. Expansion plans beyond common organic growth are typically dependent on personal investments from company founders, friends, family, and occasionally from banks or the government.

Even in regions where it was once scarce, venture capital (VC) is becoming a more important option to raise new money – especially in high … [ Read more ]

Best Practices for Conducting a Search: Panel Discussion

Search fund entrepreneurs and investors discuss how to conduct a search to maximize the probability of finding and closing an attractive acquisition. Panelists are Rafael Somoza (MBA ’96), Robert Befidi, Jim Southern and Rich Kelley (MBA ’89). Moderated by David Dodson (MBA ’87), Lecturer for Entrepreneurship Through Acquisition.

Randy Komisar

Entrepreneurial leaders need to be a little bit deaf and a little bit blind. By definition they’re trying to do something that defies the common view. They have to be inured to skeptics. They have to believe that their vision is true and they can make it happen. But if they are too deaf and too blind they won’t learn from the market or their … [ Read more ]

Randy Komisar

There’s nothing wrong with legacy businesses. I wish I had one – a profitable business that generated cash and gave you independence. There is a big problem with legacy thinking. What we need is new, dynamic thinking applied to legacy businesses to bring them into today’s new opportunities.

Ten Commandments from Entrepreneurial ‘Evangelist’ Guy Kawasaki

Venture capitalist, consultant and former Apple software “evangelist” Guy Kawasaki talked about “the art of innovation” during a recent visit to the University of Pennsylvania. He offered 10 rules for entrepreneurs and innovators.

Jim Collins: How to Thrive in 2009

As part of our 30th-anniversary issue, Inc. asked Jim Collins, author of Good to Great and Built to Last, what we might expect in the next 30 years. His answer: uncertainty, chaos, turbulence, and risk. In other words, it’s not a bad time to be an entrepreneur.

From Quickbooks to ERP: A Roadmap for Growing Small Businesses

The basic spreadsheet and accounting programs you’ve relied on ’til now won’t help your growing business eliminate decision-making bottlenecks, reduce IT costs, increase productivity, or improve the customer experience. To do all that requires an enterprise-wide, integrated software system. Learn how an integrated system can help take your business to the next level, and how to ensure you get the right system for you. … [ Read more ]

Competing for Markets: A Framework of Strategies for SMEs

Existing strategy frameworks are designed for bigger firms with plentiful resources. They should not be liberally borrowed and advanced as solutions for SMEs, who face resource constraint. This very lack of resources impacts the competitive strategies that are feasible to SMEs. What’s more, the current literature in SME strategy fails to take into consideration potential competitive reactions from market incumbents in prescribing competitive strategies for … [ Read more ]