Arming the mid-size companies with a new funding channel might trigger the valuations hike further, imposing the notorious "bubble" the VCs like to talk about. Don't underestimate the power of billboards or TV commercials with investment offerings.
Every region wants to create another Silicon Valley. It's not only the prestige -- it's the jobs, the wealth creation, the excitement of innovation, the ripple effect on businesses nearby and most importantly, the future.
Do not fall into the trap of thinking you can do it all. Running a business requires a variety of skills and experience, and a savvy entrepreneur will build their team to balance their own weaknesses. Make sure your core team includes people who bring something to the table.
Start-ups face an uphill battle--from financing, to hiring, to distinguishing themselves from the vast crowds of competitors fighting for market share and publicity. The potential rewards might be great, but there's a lot to navigate between here and there.
What we need are new ideas, which means we need scientists. The key to training the next generation of idea-generators is an education in hands-on, curiosity-intensive STEM education, and the only economically viable source for this: EdTech startups.
In the beginning of our journey, we need to convince people that our business exists, has the right to exist and will continue to exist. Continuing our journey, if we scale up, we become so busy with growing our business that we sometimes forget why we're doing it to begin with.
Until late last year, people who wanted to participate in a forum at The City Club of Cleveland had to drive to 850 Euclid Avenue in Cleveland, Ohio, park the car, take the elevator to the second floor, sit down in a chair, and wait for the mike.
It seems that companies are tossing around the innovative word like it's a piece of candy to be chewed on and enjoyed because it tastes so sweet. Maybe some companies can innovate that way and actually benefit from the process. However, I am not quite so sure the innovation process works that way.
After spending months or even years working around the clock your product or service is ready to hit the market. Regardless of what your startup aims to provide or solve, one thing is consistent -- you need press, and lots of it.
With the motto "Skateboards for plastic-free oceans," and the slogan "Ride your Footprint," Bureo aims to reduce the amount of sea pollution by recycling discarded fishing nets -- which make up 10 percent of the world's ocean pollution -- into skateboard decks.
Take that desk of yours and decorate the sh*t out of it until it magically transforms into that corner office. To create the ultimate workspace, start by making it homey and personal with a jolt of energy. Think ambient lighting, warm pops of color and personal touches like artwork.
Successful entrepreneurs view failure as a momentary set back, not a business-ending event. When you experience failure, realize it's not the end of the world and determine to come back even stronger because of it.
Last winter, while talking to one of our designers, Isobel Schofield of Bryr Clogs, it hit me how many of us still sit at our corporate desk jobs dream of creating a life that gives us more freedom and control.
Most young entrepreneurs spend far too much time in the "lab" before ever getting out in the field. Tinkering too long with a prototype, working on their company branding, brochures, logo design or deliberating on patent filings before they have even spoken to one customer.