Andrew Chung shares his views on the Post Solyndra Era. Will the failure of Solyndra have a significant impact on private sector cleantech investment? How does Chung respond to critics who say that cleantech investment is a disaster?
If some VC had cut you a check for $5 million back in year one, you might still be flying blind, with no idea of how your business should function. Better to start in your basement and sweat all the details from day one with a skinny checkbook.
As a young company, you want anyone interested in you to be able to reach you. While firstname.lastname@example.org is theoretically useful, in my experience very few people actually use it because they have no idea where it actually goes.
Entrepreneurs are the nation's economic heroes -- dedicated people who are a critical factor in the resilience of the U.S. economy. Even in an environment of doubt, they are prepared to take the risk of investing to grow their companies -- and that growth equals more jobs.
Women entrepreneurs haven't received their share of investment. So, why should we care? Because female-led startups that receive the same level of investment as those led by men could add 6 million jobs to the economy within five years, one study found.
I frequently see disconnects between founders ("This business is going to change the world") and venture investors ("Really? You are super smart and I love your enthusiasm but I respectfully disagree") after a business has already been financed.
Apple has created a kind of interplanetary weapon that has the capacity to quickly raze entire planets -- or at least entire companies. Startups constantly forget this. While it's nice to imagine creating whole new markets, most new markets form by shrinking old ones.