A game-changing idea is only one of the ingredients you will need to launch a successful new business. Without the right team and a commitment to ongoing fundraising, your brilliant new venture will flounder. This article is the first of five in a series by a venture capital expert who...
Entrepreneurship
As an accelerator that focuses on working with university inventors to build great products, and who invests heavily in young talent, the role of a university education is a constant source of internal conversation. As a result, I’ve taken quite an interest in the Thiel Fellowship; Peter Thiel’s idea...
I’ve written in the past about the challenges of being an academic and an entrepreneur (here, here, here and here), and it’s one of the more common topics I get asked about. Many students come to me with questions on balance – how do they get their entrepreneur career...
One of the pitfalls of many tech entrepreneurs is pitching their solution simply and clearly. What is it? What does it do? Is it actually useful? Often, we’ll get stuck either trying to explain it all at once or getting too technical for our audience. We recently had an...
I was reflecting over the holidays about my university days working on grant applications after an email from an inventor about a team grant that “was much less straight forward than hoped.” The second I read the word ‘team’, visions of last minute faxes, conference calls, and strategically timed...
In a startup things move constantly, roles change and within a few months people swing from one side of the spectrum to the other depending on their immediate needs. This works well when the team is small and people feel ownership of the whole project. I’ve had multiple roles...
I recently listed co-founder asymmetry as one of the key failure conditions for startups. While definitely a major cause of startup collapse, there is one scenario where co-founder asymmetry can work well enough: university spin-outs where you have student-professor partnership. Students don’t have the expertise and seniority of their...
You are managing a startup. It is growing quickly and you have personally become the entire human resources department. And admit it, you under estimated the time it takes to find the right person who will understand the business vision and fit in with your culture. Are you meeting...
When Kennedy said “By the end of this decade, we will land a man on the moon and return him safely to earth,” he should be: Concrete. Goal He could have said “We should aim to dominate the space race.” But what would that mean? Sending a monkey to...
A couple of weeks ago I found myself in a situation that we all fear and try to avoid as much as possible: I was lying in a chair while a complete stranger poked around in my mouth with instruments that seem to have their origin in a medieval...