A Valuable Lesson From Step Brothers
Often people exhibit a form of bi-polar disorder when they try something new. One minute they are up; the next they are down. Most humans get frustrated easily by a lack of quick positive results. I have been just as guilty of this as anyone.
With this in mind, I want to share an insight with you that can best be illustrated with a scene from a comedy movie Step Brothers. In the story, two 60-ish people meet at a conference, fall in love, and marry. The only thing that could throw a wrench into the works is the fact that both of them have loser 40-ish sons still living at home. When the newlyweds settle into the father’s house the sons are forced to share a bedroom. This leads to a lot of very funny scenes where Will Ferrell and John C Reilly behave like a couple of 13 year olds.
How to Raise Startup Capital
While scanning the news just moments ago this article caught my eye. Human immortality could be possible by 2045, say Russian scientists. Interesting subject? Yes, but one sentence towards the end contains two extremely important points for capital raisers. Here’s the sentence:
Shark Tank Lessons for Entrepreneurs Seeking Startup Capital
Shows such as Shark Tank and its international versions from Canada and the UK are worth watching if you are a first time capital raiser. They give you a very good sense of what it’s like to pitch savvy investors. You need to invest time figuring what tough questions will be asked and prepare answers that will satisfy the asker.
Here’s a short article on one Shark Tank winner who six months later was shocked to discover that she would not be getting any money after all. What happened? The investor changed his mind. This happens a lot more than entrepreneurs like to think. Read How Not to Become ‘Shark’ Bait by Eric Sherman. Continue reading
How to Negotiate With Investors Like a Boss: Element Bars’ Founder Jonathan Miller Goes Head-to-Head with the Shark Tankers
This is one of the funniest things I have seen when it comes to negotiating. This entrepreneur has true chutzpah. I’m not so sold on the his energy bar business due to scaling concerns, but his self-confidence and negotiating style are a wonder to behold. He’ll do well in business whether it’s with his current company or another one. Continue reading
Some Great Startup Advice from Sequoia Partners