One man's opinion on Venture Capital Basics

Post Mortem 2013, Predictions 2014

Post Mortem on 2013 predictions and thoughts into 2014

Here's what I wrote this time last year, and how well my forecasts held up against reality:

Predictions for 2013
Europe:
My guess is at least one country will abandon its attempt to join the EU. I'm not saying that a country will leave the EU, Greece would be my guess on that. Rather, a Poland or other eastern European country will look at the mess in western Europe, and decide that their citizenry shouldn't bail out a Greece/Spain/Italy or other more 'prosperous' country.

You're Entertainment

 

One thing few entrepreneurs realize when they receive angel funding is that the role has changed from salesperson to entertainer.

 

Post mortem 2012, predictions 2013

 

Post mortem on 2012 predictions:

 

Here's what I wrote this time last year, and how well my forecasts held up against reality:

Question I don't answer - Who are my Customers?

I was going over the questions I've been asked as an investor, and questions that I hope/wish new entrepreneurs would ask.  And then I considered if there are any questions I would not answer.

There is one question I won't answer.

"Who are my customers?"

Sometimes I know the answer, often times I will have no idea.

But that's not the rationale for not answering.

The reason is the title of this blog.

If an entrepreneur doesn't understand his industry/business well enough to identify the customer, then there's no business to work with/save.

Euro breakup finally

It finally happened.

 

We are seeing Germany finally decide that they don't want to keep funding the southern europe lifestyle.  Spain, Italy,Greace.  all the PIIGS and others are being left out.  The euro might become a defacto mark within a short time.

Germany and its population has no desire to carry the weight any longer.  The Euro existed because countries like Germany and France were willing to let some others slide. The time for that to stop has come.

 

Hubris

Dilbert.com

 

At some point every entrepreneur feels this way about investors and other folks who say no.  

 

This is going to happen, and how the entrepreneur feels about this and how the investor reacts are part of the kabuki dance between the two.  

 

Americans won't buy electric cars

USA Today poll shows most folks won't buy an electric vehicle.
http://www.usatoday.com/money/autos/2011-05-24-most-americans-refuse-ele...

There are fears that folks have on buying electric cars. Valid or not, addressable or not, these are fears people have.

Why can't entrepreneurs exit

Why can't entrepreneurs exit.

From the NY Times
http://www.nytimes.com/2011/05/12/business/smallbusiness/12sbiz.html

A couple of elements I noted were:
The entrepreneur realized that selling to investors, meant that they'd be selling to someone else down the road. And he would lose control over the company.

The investors gave some strategic advice, that the entrepreneur decided to implement.

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