Ethan Stock lived the Silicon Valley dream. He had recently sold his company to eBay and emanated the tanned skin and relaxed composure you'd expect of someone who just cashed a big corporate check. But I was surprised by what he said next. "Mediocrity is worse than failure, you know?"
Whether you're a fan of Malcolm Gladwell (and his book Outliers) or not, chances are you've heard the reference of the 10,000 hour rule! In essence, achieving greatness requires an enormous commitment to time -- approximately 10,000 hours.
Yeah, I'm at home watching golf in my mom's basement waiting for the Papa John's delivery guy to bring me my lunch. Most days at a start-up may actually seem kind of boring to someone who only read's about the billion dollar exits in Silicon Valley.
A funny thing happens when you lie to people: they tend to believe. Why shouldn't they? They lie to themselves all the time. Our minds are wired to respond in predictable ways-among them is perceiving the world the way we want to see it, not necessarily the way it is.
If the motivation is anything less than, "I just can't not do it," you might want to think twice because times will get tough. Here are five other things I've learned in the first six months of building a company.
In the few days I was in China I met with several VCs, angel investors, business press and spoke to hundreds of entrepreneurs. I was blown away by what I saw in Beijing. Think of what Rome looked like in the time of the empire -- now it's Beijing announcing that China has arrived.
In the course of its first year any startup will confront issues it had not anticipated. Decisions will be made that are wrong. Every new business is different, and every one will encounter its own unique problems. Here are the lessons we learned from our mistakes at CircleUp in our first year.
Guys, put simply, it's like dating. First, we need to know that we're not going to end up dead in a ditch somewhere, second, we're the ones that are used to playing a little hard to get, and finally, a little foreplay is nice!
Two weeks after the GigaOm Conference on Structure Data in New York, Gerstein Fisher held its annual Real Talk series. The subject of the investment management firm's lecture followed GigaOm's footsteps, as if by design.
As more women face the challenge, the proverbial glass ceiling will keep cracking and hopefully, one day it will break apart. Until then, don't be afraid to take risks and nurture your ideas. They might just hatch.
Major acquisitions aside, startups are often blind to the actual costs associated with full-time employees. As you celebrate and toast to your latest round of funding, please take heed of five employee costs often forgotten by founders.
Whether creating fun consumer technologies, advanced enterprise software or biotech breakthroughs, Israelis are certainly proving -- startup by startup -- that they are able and willing to solve some of the world's greatest issues.
One reason the finance business is always busy is that it functions much like the arms dealer. You don't need to figure out precisely who's going to win or lose. Some fail, some succeed. If they succeed, they wind up building an army that's accomplishing something.
According to the Kickstarter's data, there was $274 billion collected last year (+238 percent from 2011). In comparison, VC's invested $26.5 billion in 2012 (-10 percent from 2011). Do you see the difference?