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It is tough founding a business

The Wall Street Journal today has a great article designed to help potential entrepreneurs figure out whether they are cut out to found their own businesses.  If that is you then the whole piece is well worth a read.  Being an entrepreneur can be a fantastically rewarding occupation both financially and at a [...]

New study showing that for entreprenneurs past success is the best indicator of future success

In May last year I blogged about some research in the FT which seemed to show that experienced entrepreneurs with a new venture were no more likely to succeed or fail than first timers.

That ran counter to my intuition at the time, and to most of yours (although we need to be [...]

Some challenges facing the venture industry

Anyone who has read my recent posts on the future of venture capital will know I am optimistic about where we are headed.  This post is about some of the challenges that we will face along the way.  And they are not trivial.

Over the last couple of days Umair Haque has set out [...]

Traction or revenue

Last night at a Techrunch event in London someone who was at a talk I gave in Manchester earlier this year asked a VC panel if they still shared the view I expressed at the time that for many consumer internet startups the right strategy in the initial stages is to prioritise growing traffic [...]

Making the case for cash out deals

Don Dodge has a write up from a Microsoft conference last week where he chaired a panel of VCs.  His main message is that VCs are still investing (true, but at a much slower pace…).  The piece I want to bring out though is the discussion of how to motivate founders.

Don reports that [...]

Fear of failure spreading to Silicon Valley?

The following is a quote from Judy Estrin‘s Closing the innovation gap:

The crucial conviction that “the only way you can be a failure in Silicon Valley is not to have tried” is now at risk. “Having been a participant in a company that failed is a much bigger stigma than it was in [...]

Planning for growth

For the past week or two I have been enjoying reading Judy Estrin‘s Closing the Innovation Gap, in which she describes how key elements of the innovation ecosystem in the US are failing and suggests some actions to rectify the situation.  As part of this endeavour she seeks to understand what it is [...]

Despite earlier hopes to the contrary tech spend looks like it is heading south

To cap a week of gloomy news I have today seen a Changewave survey which suggests tech spend is about to fall off a cliff.  This comes despite earlier hopes that the tech sector might get off relatively lightly this time round.

There is a bunch of other data in the post where [...]

Best Buy shows the importance of culture in the modern corporation

Last week I had the good fortune of meeting Peter Hirshberg and today I checked out his blog and a write up of an interview Peter did with Brad Anderson, CEO of Best Buy, at the Google Zeitgeist conference in September.

It turns out that Best Buy has embraced the use of social media [...]

Knowing your early adopters

I am reading Click by Bill Tancer at the moment, a book in which Bill looks at internet surfing and search patterns to derive conclusions about society.  It has some interesting gems, but in general it hasn’t stimulated me as much as I had hoped, or at least hadn’t until this morning when I [...]