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The Startup Act should give all Americans, not just immigrants, a better shot at being tomorrow's engineers and entrepreneurs. And that opportunity could begin at a young age with education in computer programming.
I may have managed to build a successful technology startup that had gone public by the time my three kids hit their 13th birthdays, but don't think that bought my wife and me any special respect from our teenagers.
When I left my job at Lehman Brothers to start a company, my best friend's mother said, 'How could you leave a sure thing like Lehman to do a silly carpool startup?' That was three months before Lehman went bankrupt.
I'm probably most proud of the fact that we are bootstrapped and that we are able to do not just the typical Silicon Valley startup thing. We are basically throwing away all the typical conventions of other startups.
A lot of entrepreneurs hate big companies. But if you hate them so much, why are you trying to build a new one? The truth is, as soon as a startup has any kind of success whatsoever, it will face big company problems.
Developing a good, healthy culture is extremely important at a startup. Culture reflects the essence of a startup's operation because it directly affects the success of a company's hiring practices and overall strategy.
Most entrepreneurs think capital is the biggest problem they have - but it's not. You can have all the capital you want, but if the market fit and ability to adjust are not present, your startup will likely not succeed.
Working on Ethereum could be similar to working at a Google: lower risk with broad impact right away. Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential.
Coming from Ireland, it's quite hard to do a startup because you're culturally so far away from what everyone else is doing. In the Bay Area, it's much easier. It's the equivalent of an actor or actress moving to Hollywood.
We are calling ourselves a startup nation, but the number of people who set out on their own is very low; even 10,000 a year would be low in a country like India. We can say we are a startup nation but the world won't say it.
I basically apply with my teams the lean startup principles I used in the private sector - go into Silicon Valley mode, work at startup speed, and attack, doing things in short amounts of time with extremely limited resources.
Apart from creating a vibrant branded Twitter account for your startup, business owners should consider creating their own personal account on Twitter. Fans and followers often want to connect with the person behind the brand.
Techstars is truly global; you'll see us continue to expand all our programs worldwide, including accelerators, our venture capital, as well as the UP Global programs including Startup Weekend, Startup Next, Startup Digest, etc.
As great as you believe your new product or company is, the world got along just fine without you. The greatest competition every startup faces is convincing consumers that there is a better solution to the problems that vex them.
Market type determines the startup's customer feedback and acquisition activities and spending. It changes customer needs, adoption rates, product features, and positioning as well as its launch strategies, channels and activities.
Startup India is welcome for the economy, but it cannot be accompanied by 'Shut Up India' in society. What gives Startup India its strength is freedom of expression, thought, and dissent. You choke this, and you choke entrepreneurship.
If you want to build a startup that has a good chance of succeeding, don't listen to me. Listen to Paul Graham and others who are applying tons of data to the idea of startup success. That will maximize your chance of being successful.
When Thomas and John Knoll launched Photoshop 1.0 in 1990, the software couldn't even handle color images. But their offerings got the startup noticed by Apple and Adobe, both of whom became key to the fledgling company's later success.
I didn't even know that there was a startup culture, that there were events with people who built businesses. When I started meeting those people and going in to that world, I felt like I was among my people for the first time in my life.
The American Dream is still alive out there, and hard work will get you there. You don't necessarily need to have an Ivy League education or to have millions of dollars startup money. It can be done with an idea, hard work and determination.
Whether you lead an early-stage startup or a well-established company, it is critical to challenge yourself and your team to prepare for the next disruptive force - be it a shift in the market, a new consumer trend, or a competing innovation.
In the startup work environment, you get to have a relationship with your boss, the investors, and the key members of the team. Startups are like families - you see the good, the bad and the ugly, but in the end, you've got each other's back.
What would I advise an aspiring young entrepreneur? Certainly I'd say read the works of great entrepreneurs and investors like Ben Horowitz, Peter Thiel, and many others. But what's more important is to get real experience at a great startup.
The busier you get, and the more forward-looking you become, the more difficult it is to actually acknowledge and gain strength and inspiration from the things you've already accomplished, which can become problematic when you're in a startup.
It's very important as a startup to get early press because, although it may not be a large number of people, having a 'Fast Company' story - some of those people that read it are going to be your next employees and hires, your next investors.
Launching a successful product or startup has little to do with luck. Any business that gains traction on the market is the result of very careful strategizing and market analysis, not to mention the development of an original product or service.
I started Shutterstock without any outside funding; I believe in creating a lean startup. By not taking outside investors early, I was forced to use every dollar I had as efficiently as possible. And I was able to keep a large part of the company.
HubSpot's offices occupy several floors of a 19th-century furniture factory that has been transformed into the cliche of what the home of a tech startup should look like: exposed beams, frosted glass, a big atrium, modern art hanging in the lobby.
America is an unsolvable problem: a nation divided and deeply in hate with itself. If it was a startup, we'd understand how unfixable the situation is; most of us would leave for a fresh start, and the company would fall apart. America is MySpace.
Too many people go into existing organizations and define success as recreating what is there. To be successful as a startup organization within a large, established culture, you really need to think about how you leverage the assets that are there.
The median startup is a business that's capitalized with about $25,000. The financing of that business comes from the entrepreneur's savings. The business is a retail or personal service business, a hair salon or a clothing store, that kind of thing.
I think co-working spaces, incubators, and accelerators outside of the Bay Area do a lot to foster a local startup scene - which is really important for early founders, but I also think that exposure to the Bay Area is extremely valuable for startups.
Working on a token is similar to working on a startup: higher risk and lower initial impact but higher upside potential. How core protocol work is best funded beyond the initial Ethereum Foundation endowment is an open question, but likely further out.
For a startup to overcome obstacles and succeed, it must foster limitless thinking. By hiring students into their first career job, you get to set their framework for how a company functions and instill them with your values for your company's culture.
I can say without a doubt that being a mom is the ultimate test of my multi-tasking skills. I spend my day meeting startup after startup, helping our portfolio companies, bringing in speakers, and soon gearing up for Demo Day for our accelerator program.
Founders have continually struggled with and adapted the 'big business' tools, rules, and processes taught in business schools when startups failed to execute 'the plan,' never admitting to the entrepreneurs that no startup executes to its business plan.
It's maybe an unrecognized fact of academia that what you spend a lot of your time doing is convincing people of your vision and raising funds to support your research activity. So in that sense, transitioning to a startup wasn't that big of a transition.
Part of the power of having startup communities is it continues to challenge the status quo. So for many of these cities that were once very important and powerful that today are struggling, startup communities are a way for them to rejuvenate themselves.
I think extreme secrecy is a bad sign in all startups. Very few startups die because they tell you exactly how their technology works. On the long list of startup killers, that's pretty far down. Though on the list of entrepreneur fears, it's pretty high.
A NASA-funded study estimates that if the price of a ticket to space approached $100,000, close to a million people would buy one. That's a $100 billion industry. Microsoft cofounder Paul Allen gave me $20 million in startup funding to go after that market.
Despite what some investors say, older age is an advantage in the startup world. You know more about industries and markets, and have ideas for products that the world actually needs and a better ability to motivate and manage than a kid out of school does.
The Lean Startup process builds new ventures more efficiently. It has three parts: a business model canvas to frame hypotheses, customer development to get out of the building to test those hypotheses, and agile engineering to build minimum viable products.
Startups, by their nature, are entrepreneurial - testing new things, launching new products, and disrupting themselves. That's why you join a startup in the first place - to create, to stretch beyond your current capabilities, and to make an outsized impact.
When I did Google Wave, everyone had to be in Sydney, and a lot people actually traveled there to be part of it. There was a lot of isolation. There were a lot of things we kept secret from the company while working on Wave - just like you would at a startup.
When I came to the United States in 2004 to attend university at Stanford, I was instantly inspired by the stories and advice from startup leaders in Silicon Valley and beyond, who had endeavoured to create new opportunities and improve lives around the world.
HubSpot has used the lean startup method to build a spectacularly successful company. What I particularly love about HubSpot is that they are so geeked out on data analysis and making evidence-based decisions, which are at the heart of the Lean Startup process.
Landing a million-dollar investment for your startup is exhilarating. But as big as that number sounds, it doesn't go far. Many startups just getting off the ground won't have a CFO to monitor finances. It doesn't take much for spending to spiral out of control.
I find talented, driven, boundlessly ambitious people and help them solve problems that will hopefully improve the lives of millions. Sometimes this means investing in startup founders. Other times, it involves helping organize and fundraise for charity or politics.
If you don't plan to dive in and dedicate all of your time to your startup, you probably shouldn't be looking for funding. It's hard enough asking for money when you believe in an idea; asking for money to fund something you're iffy about is ten times more strenuous.
Entrepreneurship works on the apprenticeship model. The best way to learn how to be an entrepreneur is to start a company and seek the advice of a successful entrepreneur in the area in which you are interested. Or work at a startup for a few years to learn the ropes.