I've started to familiarize myself with the terminology necessary to operate in this world of building a business. I realized that women in particular are very disadvantaged by not knowing this language.
I'm a strong believer that investors invest in people, before they invest in a business plan, or an idea. But until now, I've never seen a study of exactly how that plays out for start-up founders for current venture-backed companies.
Recently an entrepreneur/investor/blogger extraordinaire I admire by the name of Chris Dixon touched on the two general paradigms people/institutions can adopt towards one another when conducting business.
Now is the time to think about dusting off your old business plan as the economy improves. A business plan is required to obtain a loan or venture capital. It is uniquely designed as a sales tool to get financing.
If I say "entrepreneur," whose image flashes into your head? The obsession with venture capital funded entrepreneurship, the big exit, the genius nerd working 24-7 on code is misplaced, and it's really holding women back.
The U.S. House of Representatives recently passed a bill to close the carried interest "loophole" for private equity investors. This bill will likely do permanent structural damage to the U.S. venture capital industry.
One of George Bush's most memorable lines was his complaint that the French had no word for "entrepreneur". Well, if Senator Dodd's new financial reform bill becomes law, we may well have the word, but no longer any need for it.