The American Dream is alive and well in Generation Y; its entrepreneurial spirit as strong as any generation since the so-called Greatest Generation. It would be a shame if the inevitable erosion of hope in crowdfunding turns entrepreneurs away.
I yelled at her, "You are crazy, trees take 10 years to grow, we'll be gone within 2-3 years, why are you doing this." Her answer, was so simple, "It's the right thing to do. Whether we are here or not, this is the right thing to do."
No matter how good or bad a startup idea sounds, ultimately it will be the team behind the idea that leads the startup to succeed or not. And that's because when things inevitably go wrong a strong team will tackle the challenges quickly and wisely.
The goal of most entrepreneurs is to win big! Unfortunately, most businesses fail or struggle for years before making money. Often struggling business owners skip over or ignore two important concepts that successful owners know.
Based on my own experience, I'm pleased to say that more women are becoming interested in historically male-dominated industries. But this should not be at the expense of a balanced and mutually beneficial partnership between men and women.
USAID just announced its investment in mWater, a non-profit tech startup, whose phone app can instantly test and analyze water quality from local sources and share this information on their global, open-source water monitoring database.
The start-up world has made a religion of killing the sacred cow: anything that reeks of business-as-usual is frowned upon. Graduating from university? Unnecessary. Cubicles? Please. PowerPoint? Shame on you.
If you choose to see your venture through its transformation from a growing start-up to a professionally managed firm, prepare yourself for a second, equally important, and potentially more challenging transformation.
The founders of PayPal, YouTube, Netscape and Yelp, who were trained in Illinois, left to start their companies in Silicon Valley. But a new generation of tech talent is staying here, starting new companies and helping to send a signal that Chicago has made a definitive cultural shift.
Over the past few years, I have been asked what it takes to be successful as a foreigner in China. Here are a few thoughts inspired by my tales as an entrepreneur in the Internet industry in the Middle Kingdom.
"I firmly believe bio tech start-ups have to network globally -- both in a business and a scientific sense. Also, they need to work with externals -- business leaders, mentors, coaches, consultants -- to ramp up their sales, management and marketing skills."