Investing in high-growth companies creates jobs while generating more wealth for investors. The formula has worked for the private venture capital investment community. Unfortunately, no such active community exists in black America.
Week three of the class and our teams in our Stanford Lean LaunchPad class were hard at work using Customer Development to get out of the classroom and test the first key hypotheses of their business model: The Value Proposition.
We're now in the second Internet bubble, and the rules for making money are different in a bubble than in normal times. What are they, how do they differ and what can a startup do to take advantage of them?
Selling a business can be a very difficult and emotional experience, particularly for first-time entrepreneurs. I thought it would be helpful to share three tips in connection with selling your business.
Being a startup investing in startups is no easy task. But we're trying to be thoughtful about it, try new things and iterate rapidly with the benefit of data. Sounds a lot like what we expect from the startups we invest in.
The most interesting part of the class would happen outside the classroom when the teams spent 50-80 hours testing their business model hypotheses by talking to customers and partners and (in the case of web-based businesses) building their product.
The apparent increase in entrepreneurial activity during the past three years was due almost entirely to businesses like Jeffrey's that aren't adding employment beyond the founder. The creation of employer firms, in fact, has been on the wane.