I gave a talk on entrepreneurship for students at Polytechnique Montreal today and the topic of seed money came up. Seed money are those few dollars needed to pay a lawyer, establish your initial network, find a business model and do all those other things needed to actually raise...
Tag: Founders
Last week I witnessed ancient treasures in London. No, not royal family and their wedding antics (London was a mess…). I am talking about old prototypes from past university collaborations of mine. That reminded me of the first mark I left in the world a long time ago… My...
Over a decade of entrepreneurial activity in “hard” technologies has left me with a deep repertoire of demo horror stories. I have had boxes blow up, catch fire, over-heat and over-cool, human failure, device failure and some that felt like divine failure. You name it, I’ve suffered it. Maybe...
A little while ago I participated in a HN discussion on Why to stay in College. My recommendation then was to not only stay in college but actually leverage the experience. My opinion remains the same, but I finally got around to writing it up in a bit more detail....
Entrepreneurship isn’t about “freedom”, “lifestyle” or “being your own boss”. Entrepreneurship is about creating wealth quickly. The above is a reply that I give very frequently to young entrepreneurs. The question usually relates to raising money, adding partners into their first venture, stepping down as the founding CEO, or...
Starting your own company out of university is a tricky business. You tend to have other things on your mind – like getting your degree. Here are some practical tips for university students who want to commercialise their technology. 1. Write Everything Down: Most university ventures are formed around intellectual property...
A few voices on the web have recently called for a less glamourous presentation of start-up life. Mention the failures, be candid about the problems – they say. Personally, I found my entrepreneurial ride stressful enough without dwelling on the problems but I guess the goal is to give budding...
This post started in the sane confines of my office but was completed on a holiday cruise with my family (I am sitting on the sun deck near Barbados right now). Emotional references abound! Happy Holidays! My wife and I recently celebrated our 12th anniversary. Certainly not a massive...
Paul Graham recently published an essay on founder control of start-ups. How much control over the business should the founders have once the company reaches a certain size? Paul’s answer bucks the “golden rule” of investor control past Series A. But what does control actually mean? As valuations for...
At a recent talk on student entrepreneurship at McGill I received an audience question about the limited alignment between academic and entrepreneurial focus. This hit the nail on the head. Focus makes ventures succeed. Paul Graham goes as far as predicting instant death for companies funded by active graduate...